**Harrison Street, B2K Divest Five New York Seniors Housing Properties for Over $600 Million**
Harrison Street Asset Management has announced the sale of five Class-A senior housing communities located throughout Central Long Island and New York in a transaction exceeding $600 million. While the buyer was not officially disclosed, Bloomberg News has reported that healthcare real estate investment trust Ventas Inc. is the purchaser.
The portfolio includes five properties developed between 2016 and 2022 in partnership with Jericho, NY-based B2K Development. B2K will remain involved in managing the properties post-sale.
This transaction aligns with Harrison Street’s strategy—historically, approximately 80% of its asset sales have been structured as strategically aggregated portfolios. Conversely, more than 80% of the company’s acquisitions or developments involve individual properties in markets with high barriers to entry.
“As an early mover in the sector, we have helped shape the evolution of high-quality senior living communities, and this portfolio sale underscores growing investor demand for demographically driven, resilient alternative real estate sectors such as senior housing,” said Ben Mohns, Head of Asset Management – North America at Harrison Street.
_Pictured: A representative B2K senior housing property located in Woodmere, NY._
