CAPREIT has expanded its senior living footprint on Long Island with the purchase of Broadway West, a senior living community in the central Long Island community of Brentwood, NY. The real estate operating company, which owns and manages more than $6 billion of multifamily assets across the U.S., did not disclose pricing or other transaction terms for the acquisition.
Broadway West serves seniors in a residential-style setting and comprises 114 one- and two-bedroom homes. The community is located at 75 Springfield Rd., placing it within a short walk of Brentwood Country Club. The property, which opened in 2003, is described as the newest among CAPREIT’s recent multifamily acquisitions.
The deal follows a busy start to 2026 for CAPREIT on the investment front. In addition to Broadway West, the company has recently completed the acquisition of three multifamily communities in the Northeast and a single-family build-to-rent community in South Carolina. Collectively, these transactions indicate an active deployment of capital across multiple residential asset types and regions at the outset of the year.
CAPREIT has long been familiar with Broadway West. According to the company, it has served as a third-party manager at the community for several years prior to this transaction. By moving from a management role to full ownership, CAPREIT is converting an established operating relationship into a permanent position in the asset’s capital stack.
Andrew Kadish, CEO and CIO of CAPREIT, characterized the acquisition as an important progression for the firm. He noted that formalizing ownership of Broadway West is a significant step following its period as third-party manager and that the company has entered 2026 with notable momentum. Kadish also emphasized that the Broadway West purchase adds to this early-year activity, reinforcing CAPREIT’s strategic focus on residential and senior living communities.
While financial specifics and counterparties were not made public, the Broadway West acquisition underscores CAPREIT’s continued interest in both senior-focused housing and broader residential assets. The addition of the 2003-vintage community to its portfolio further diversifies the company’s holdings within the Long Island market and complements its broader Northeast and Southeast acquisitions.
