Atria Senior Living seeks to buy 2 assisted living facilities on Long Island
The Village Walk Assisted Living and Memory Care in Patchogue earlier this month. Credit: Newsday/J. Conrad Williams Jr.
Atria Senior Living Inc., one of the nation’s biggest operators of assisted living facilities, is seeking to expand its presence in the region with the purchase of two new centers on Long Island.
Atria plans to buy two existing facilities — the Village Walk in Patchogue and the Village Green in Levittown — from Levittown-based D&F Development Group, according to documents filed with the Nassau County and Brookhaven industrial development agencies.
If the deals close, Louisville, Kentucky-based Atria will benefit from thousands of dollars in continued tax breaks for both the facilities. The benefits were approved by the Nassau and Brookhaven IDAs. Peter Florey, principal and co-founder of D&F group, said he hopes to finalize the sales next month.
Atria has 11 assisted living centers on Long Island, according to the company’s website. The possible purchases come amid high demand for senior living facilities nationwide as the baby boomer generation ages, said Peter Delaney, a senior vice president at Kaufman Hall, a Chicago-based health care consulting firm.
WHAT NEWSDAY FOUND
- Atria Senior Living Inc. wants to buy two Long Island facilities, the Village Walk in Patchogue and the Village Green in Levittown.
- If the deals close, Atria would benefit from tax breaks originally awarded to the developer D&F Development Group by the Nassau County and Brookhaven IDAs.
- Combined, the two facilities have just under 250 beds for seniors, and a handful of units at the Patchogue facility are reserved for those who need memory care.
“That population over 80, the primary consumer resident of senior facilities, is projected to grow,” Delaney said.
The assisted living industry is a billion-dollar industry in New York State, according to the American Seniors Housing Association, a business association for senior housing providers.
IDA tax breaks for Patchogue, Levittown facilities
The Brookhaven Industrial Development Agency approved the transfer of D&F's existing property tax benefits on the Patchogue facility, which has 146 beds, to Atria in January. Those benefits will give Atria property tax savings through 2032, when the benefits are set to expire, IDA documents show.
In December, the Nassau County Industrial Development Agency also approved the transfer of property tax benefits, set to expire in 2039, to Atria for the 103-bed Levittown facility, according to Nassau IDA documents.
In 2022, 2023 and 2024, D&F saved about $2.3 million on property taxes on the Levittown facility and about $2 million on property taxes on the Patchogue facility, according to annual reports from the Nassau and Brookhaven IDAs.
Atria plans to spend $36.4 million to buy Village Walk at 131 East Main St. in Patchogue, according to an application filed with the Brookhaven IDA. Atria said it would “continue to operate” the facility “as a senior assisted living and memory care community."
Nassau IDA documents do not show how much Atria is spending to buy the assisted living facility on Schoolhouse Road in Levittown, north of the Hempstead Bethpage Turnpike.
Atria declined to comment on the possible purchases or on its plans for both facilities.
Need for memory care
D&F Development built both the facilities in the late 2010s, and Florey said he decided to sell the facilities to focus on other projects, such as new affordable housing developments.
The Village Walk in Patchogue opened in 2018, Newsday reported. Rents start at $5,210 for lower-priced rooms, or $9,700 for rooms that include memory care, according to Village Walk’s website. The facility employed 109 people as of 2024, according to the Brookhaven IDA's 2024 annual report.
The facility offers memory care for residents with Alzheimer’s disease, dementia and other conditions, according to its website — services that Long Islanders increasingly need, Florey said.
“Most assisted living projects now include some components of memory care,” he said. “It’s unfortunately a growing need.”
The Village Green opened in Levittown around 2020, Florey said.
The facility was built on the former site of a bowling alley, and Atria committed to creating 76 full time jobs, Newsday reported. As of 2024, Village Green employed 130 staffers, according to Nassau County's 2024 annual report.
Expanding Atria’s reach
Atria is one of the largest operators of senior living communities in the United States, according to the American Seniors Housing Association.
As of 2024, Atria ranked as the third largest U.S. senior housing operator, with 33,241 housing units over 274 properties, according to the association's 2024 report of the top 50 operators in the country.
Of those top 50 operators, the top five companies controlled one-third of the 549,197 senior housing units managed by those 50 firms.
Large operators tend to have the advantage in the industry, because they can spread staff around multiple locations, decrease costs and offer more benefits to employees, Kaufman Hall’s Delaney said.
