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Debra A. Cafaro Of Ventas Inc. Acquires Five-Property Senior Housing Portfolio For $600M

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SOLD
$600,000,000
CM
Debra A. Cafaro

New York

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Senior Housing
Sold 08/28/2025
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SOLD

Debra A. Cafaro Of Ventas Inc. Acquires Five-Property Senior Housing Portfolio For $600M

400 Sutton Court, 520 Montauk Highway, West Babylon, Ny 11704, 5535 Express Drive North, 1075 Stewart Avenue & 310 Jericho Turnpike.

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Senior Housing
Sold 08/28/2025
CM
Debra A. Cafaro
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Summary

NEW YORK
Asset Type:Senior Housing
Transaction Type:Sale

The transaction involves a five-property Bristal senior housing portfolio located in Mount Sinai, West Babylon, Holtsville, Bethpage, and Jericho. The portfolio was sold for a total amount exceeding $600 million, highlighting its significant value in the senior housing market. The properties included in the sale are situated at 400 Sutton Court, 520 Montauk Highway, 5535 Express Drive North, 1075 Stewart Avenue, and 310 Jericho Turnpike.

Summary of transaction details:

  • Property Type: Senior Housing
  • Transaction Amount: $600,000,000
  • Buyer: Debra A. Cafaro - Ventas Inc.
  • Seller: Christopher Merrill - Harrison Street & Steven Krieger - B2K Development

The transaction was facilitated by Debra A. Cafaro representing Ventas Inc. The sellers, Christopher Merrill representing Harrison Street and Steven Krieger representing B2K Development, completed the sale as part of their strategic management of the senior housing assets.

Players

Debra A. Cafaro
Ventas Inc.
Debra A. Cafaro
5 deals$2.4B volume
BUYER
Ventas Inc.
Ventas Inc.
BUYER
CM
Christopher Merrill
10 deals$1.3B volume
SELLER
BD
B2K Development
SELLER
HS
Harrison Street
SELLER
BD
B2K Development
SELLER

Details

SOLD
IMAGE: Steven Krieger, Debra A. Cafaro & Christopher Merrill DATE: 08/28/2025 ADDRESS: 400 Sutton Court, 520 Montauk Highway, 5535 Express Drive North, 1075 Stewart Avenue & 310 Jericho Turnpike. MARKET: Mount Sinai, West Babylon, Holtsville, Bethpage, & Jericho ASSET TYPE: Senior Housing BUYER: Debra A. Cafaro - Ventas Inc. SELLER: Christopher Merrill - Harrison Street & Steven Krieger - B2K Development SALE PRICE: $600,000,000 NOTE: Harrison Street Asset Management and B2K Development sold a five-property Bristal senior housing portfolio on Long Island for more than $600 million to healthcare REIT Ventas.

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Operating Expenses (Annual)
Net Operating Income (NOI)

$31,999,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$2,131,673.28
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