Ventas Signs Deal to Lease 32 Properties to Senior Care

Ventas (NYSE: VTR) has agreed to lease 32 assisted living and dementia care communities to a subsidiary of Senior Care, Inc. Currently operated by Hearthstone Senior Services, the communities’ operations will simultaneously be acquired by Senior Care and be operated under its “Elmcroft” brand.  The communities were acquired by Ventas as part of its acquisition of […]

Ventas CEO: Diverse Portfolio is Key to Health Care REIT Growth

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 Completes Acquisition of NHP for $7.6 Billion

Ventas, Inc. (NYSE: VTR) said on Friday it completed the acquisition of Nationwide Health Properties, Inc. (NYSE: NHP) in a stock-for-stock transaction for $7.6 billion, creating one of the largest publicly-traded REITs. “With the completion of the NHP acquisition, Ventas is a $23 billion enterprise poised to thrive in the dynamic and growing healthcare real […]

Lenders Help Ventas Assume $837 Million of Atria Mortgage Debt to Close Acquisition

A group of lenders assisted Ventas (NYSE: VTR) in assuming $837 million in existing mortgage debt to close on its acquisition of Atria Senior Living Group. Red Mortgage Capital, Berkadia Commercial Mortgage and PNC Bank, originated more than 120 commercial mortgage loans made to wholly owned subsidiaries of Atria, Inc., the fourth-largest operator of assisted living properties […]

Ventas Completes $3.1 Billion Atria Acquisition

Atria Senior Living has completed a deal to merge its senior living portfolio with Ventas (NYSE: VTR). As part of the agreement, Atria will manage the portfolio of 118 senior living communities acquired by Ventas. Ventas acquired the portfolio valued at more than $3.1 billion through mergers of Atria Senior Living Group, Inc. (ASLG) using […]

Ventas Earnings Fall Due to Acquisition Costs, Revenue Up

Ventas (NYSE:VTR) reported that funds for operations came in at $121 million, up 15% from the same period last year. Weighted average diluted shares outstanding in the first quarter of 2011 rose by 3.2% to 162.0 million, compared to 157.0 million in the comparable 2010 period. “We delivered excellent results in the first quarter, with a […]

Ventas to Purchase Nationwide Health Properties For $5.8 Billion

Ventas Inc. announced Monday morning that it will be purchasing Nationwide Health Properties Inc. (NHP) in a $7.4-billion stock deal that will create the nation’s largest health care real estate investment trust (REIT).  The combined entity will have more than 1,300 properties in 47 states, the District of Columbia and two Canadian provinces with 643 […]

Ventas Closes Acquisition of 58 Senior Living Communities Managed by Sunrise

Ventas, Inc. (NYSE: VTR) announced Monday that it had completed the previously announced acquisition of the the real estate interests in 58 private pay senior living communities from affiliates of Sunrise Senior Living, Inc. (NYSE: SRZ).  The acquisition for $186 million includes the assumption of $144 million in mortgage debt from Sunrise.  The transaction will […]