The year has been full of REIT acquisitions and Ventas (NYSE: VTR) recently closed on the purchase of Health Properties, Inc. (NYSE: NHP) for $7.6 billion, creating one of the largest publicly-traded REITs.
Other Ventas’ acquisitions include Lillibridge Healthcare Services and Atria, effectively doubling the size of the company. Debra Cafaro, chairman and chief executive officer of Ventas sat down with REIT.com during REITWeek 2011 to discuss the company’s acquisitions.
“We are working very hard with these acquisitions to strategically build a diversified company that can perform well for shareholders in the coming decade,” she said.
Diversity has been key for Ventas, who sees strength in the diverse aspect of its portfolio.
“We are all about portfolio composition,” Cafaro said. “We are trying to create a portfolio that if the economy goes up we should see benefit from our Atria senior housing acquisitions because those are higher-growth, private-pay assets. If the economy is slower, we believe that the contractual growth in the NHP triple-net leases should really provide good growth with downside protection.”