One of the country’s largest owners of senior housing is increasing its presence on Long Island as the region’s aging population boosts demand for assisted living.

Ventas Inc., a Chicago-based real estate investment trust, has agreed to acquire six local retirement communities for more than $600 million.

They are The Bristal Assisted Living facilities in Bethpage, Holtsville, Jericho, Mount Sinai and West Babylon, as well as Encore Luxury Living apartments, an independent living community adjacent to The Bristal at Jericho.

Ventas’ investment increases its share of Long Island’s assisted living market and follows a $3 billion senior housing expansion since early 2024. The $30 billion publicly traded company now has more than 800 communities in its portfolio.

Locally, Ventas will contin

See Full Page