Atria Senior Living Inc., one of the nation\u2019s biggest operators of assisted living facilities, is seeking to expand its presence in the region with the purchase of two new\u00a0centers on Long Island.<\/p>\n
Atria plans to buy two existing\u00a0facilities \u2014 the Village Walk in Patchogue and the Village Green in Levittown \u2014 from Levittown-based D&F Development Group, according to documents filed with the Nassau County and Brookhaven industrial development agencies.<\/p>\n
If the deals close, Louisville, Kentucky-based Atria will benefit from\u00a0thousands of dollars in continued\u00a0tax 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,\u00a0said he hopes to finalize the sales next month.<\/p>\n
Atria\u00a0has 11 assisted living centers on Long Island, according to the company\u2019s website<\/a>. The possible purchases\u00a0come amid high demand for senior living facilities nationwide\u00a0as the baby boomer generation ages, said Peter Delaney, a senior vice president at Kaufman Hall, a\u00a0Chicago-based\u00a0health care consulting firm.<\/p>\n WHAT NEWSDAY FOUNDAtria Senior Living Inc.\u00a0wants 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\u00a0tax breaks\u00a0originally awarded to the developer D&F Development Group by the Nassau County and Brookhaven IDAs.Combined, the two facilities have\u00a0just under 250 beds for seniors, and a handful of units at the Patchogue facility are reserved for those who need memory care.<\/p>\n \u201cThat population over 80, the primary consumer resident of senior facilities, is projected to grow,\u201d Delaney said.<\/p>\n The assisted living industry is a billion-dollar industry<\/a> in New York State, according to the American Seniors Housing Association, a business association for senior housing providers.<\/p>\n IDA tax breaks for Patchogue, Levittown facilities<\/p>\n The Brookhaven Industrial Development Agency approved the transfer of D&F’s existing property\u00a0tax benefits on\u00a0the Patchogue facility, which has\u00a0146\u00a0beds, to Atria in January. Those benefits will give Atria property tax savings through 2032, when the benefits are set to expire, IDA documents show<\/a>.<\/p>\n In December, the Nassau County Industrial Development Agency also approved the transfer of property\u00a0tax benefits, set to expire in 2039, to Atria for the\u00a0103-bed Levittown facility, according to Nassau IDA documents.<\/p>\n In 2022, 2023 and 2024, D&F saved about\u00a0$2.3 million\u00a0on property taxes on the Levittown facility and about\u00a0$2 million\u00a0on property taxes on the Patchogue facility, according to annual reports<\/a> from the Nassau and Brookhaven IDAs.<\/p>\n Atria plans to spend $36.4 million to buy Village Walk\u00a0at 131 East Main St. in Patchogue, according to an application filed with the Brookhaven IDA.\u00a0Atria said it would \u201ccontinue to operate\u201d the facility\u00a0\u201cas a senior assisted living and memory care community.”<\/p>\n 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.\u00a0<\/p>\n Atria declined to comment on the possible purchases\u00a0or on its plans for both facilities.<\/p>\n Need for memory care<\/p>\n D&F Development\u00a0built\u00a0both 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.<\/p>\n The Village Walk in Patchogue opened<\/a> in 2018, Newsday reported.\u00a0Rents start at $5,210 for lower-priced rooms, or $9,700 for rooms that include memory care, according to Village Walk\u2019s website. The facility employed 109 people as of 2024, according to the Brookhaven IDA’s 2024 annual report<\/a>.<\/p>\n The facility offers memory care for residents with Alzheimer\u2019s disease, dementia and other conditions, according to its website \u2014 services that Long Islanders increasingly need, Florey said.<\/p>\n \u201cMost assisted living projects now include some components of memory care,\u201d he said. \u201cIt\u2019s unfortunately a growing need.\u201d<\/p>\n The Village Green opened in Levittown\u00a0around 2020, Florey said.<\/p>\n