HCP Gives In, Agrees to Pay $102 Million Judgment to Ventas

HCP, Inc. (NYSE:HCP) recently announced its intentions to promptly pay the approximately $102 million judgment that awards compensatory damages to Ventas, Inc. (NYSE:VTR). In September 2009, a jury verdict awarded Ventas with the judgment after they filed a suit accusing HCP of tortious interference with business expectations concerning Ventas’ acquisition of Sunrise Senior Living REIT in […]

Ventas’ Profit Plummets 66% in 2Q After Spending Billions on Real Estate Investments

Ventas,Inc.’s (NYSE:VTR) profit plummeted more than 66% for the second quarter, after spending billions of dollars on real estate investments in the first six months of 2011. “Year-to-date 2011 has been outstanding, as we completed $11 billion of high-quality acquisitions while simultaneously improving our balance sheet and credit profile and delivering excellent results to our […]

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 […]