News Release: Seavest Healthcare Properties announces the opening of a comprehensive outpatient facility in Bethpage, N.Y.

The 3-story 54,000-square-foot building offers a broad range of medical services to residents of Long Island

BETHPAGE and WHITE PLAINS, NY., Nov. 1, 2021 – Seavest Healthcare Properties, the White Plains-based real estate investment management firm, announced the opening of a new ambulatory care facility at 185 Central Ave. in Bethpage. The advanced multispecialty care center is leased by a New York area health system.

Seavest acquired 185 Central Ave. in July 2020 and delivered the facility under an expedited timeline of nine months from the beginning of construction. The building was finished and patients were first welcomed in October 2021.

Seavest chose Holt Construction, a leading construction management and general contracting firm on Long Island to manage the project. NK Architects, RMB Associates and VHB also supported Seavest. Seavest led the adaptive reuse project, rebuilding a former corporate headquarters to a modern, cost-effective ambulatory facility. Despite the challenges of the pandemic, such as supply chain shortages and COVID safety measures, the team completed the project this Fall.

“From locating the facility to planning and executing the work this has been a true team effort. Seavest and Holt collaborated closely throughout the project. As we neared completion, both organizations worked 24/7 to meet the opening deadline,” according to John Winer, Senior Managing Director & Chief Investment Officer at Seavest Healthcare Properties. “It should be noted that this project would not have been possible without the efforts of Holt Construction. They went above and beyond in all respects and did a superb job under very difficult circumstances.”

“The partnership between Holt and Seavest has been tremendous,” said Christopher Asaro, President of Holt Construction. “Even with the challenges of an accelerated timeline and the ongoing pandemic, together we were able to bring this state-of-the-art medical facility to Long Island, helping bring a higher quality of care to Nassau County.”

The spacious outpatient care center provides a range of primary and specialty care. It is easily accessible from major highways and has substantial on-site parking.

About Holt Construction

Holt Construction Corp. is a full-service Construction Management and General Contracting firm, founded in 1919 and standing the test of time with a legacy spanning three generations of Holt family leadership. For over a century, Holt has remained “hands-on” maintaining its core values of integrity, quality and transparency, while providing unparalleled services to its “family of clients.” By combining veteran expertise in the construction industry with entrepreneurial spirit, the company continues to move forward with an 80% repeat business ratio as a tribute to its “client driven” business model. The company is headquartered in Pearl River, NY. For more information, please visit holtcc.com.

About Seavest Healthcare Properties LLC and the Seavest Investment Group LLC

Seavest Investment Group, LLC is a multi-strategy investment management firm that invests in real estate and venture capital with a social impact lens. Seavest Healthcare Properties, an affiliate, focuses on investments in the medical office and outpatient facility sector. The firm acquires existing properties, joint ventures with established developers to build new properties, and asset manages medical office buildings, outpatient facilities and similar healthcare real estate assets. Seavest made its first healthcare real estate investment in 1989 and today has a significant portfolio of institutional quality, strategic medical office buildings and outpatient facilities located throughout the United States. For more information, please visit seavesthcp.com.

For Real Estate or Investment related inquiries, please contact David Braunstein at 914.269.0911 or dbraunstein@seavesthcp.com.

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