Ventas Closes Acquisition of Civitas Portfolio

Consistent with Ventas’s strategy of capturing value creating external growth focused on senior housing, the Company closed on a $645M acquisition of the Civitas Portfolio, which includes 14 senior housing communities located in Texas, Colorado and Kentucky. Overall, the portfolio comprises 1,687 independent living, assisted living and memory care units.

Civitas is a newer vintage, purpose-built portfolio, with an average age of 6 years. With strong in-place occupancy, the properties are in markets that support continued growth with extremely robust forecasted net demand and net absorption, and limited supply exposure. The transaction also establishes a new relationship with Civitas Senior Living, a regional operator headquartered in Fort Worth, in close proximity to 11 of the acquired communities. Civitas will continue managing the communities post-closing.

Thank you to everyone who contributed to closing this transaction!

Ventas Closes Acquisition of The Palms at Sun City

Last week Ventas successfully closed the $55.0M acquisition of The Palms at Sun City, a 211-unit AL/MC senior housing community in Sun City, Arizona.

Built in 1996 and extensively renovated since 2021, The Palms has maintained exceptional performance, with occupancy consistently averaging over 97% for the past three years. This strong performance, coupled with its established brand, spacious units and experienced leadership, positions The Palms as a leading community in its submarket. The acquisition delivers a yield significantly above Ventas's cost of capital, with room for additional growth.

The transaction marks the beginning of a new partnership with Stellar Senior Living (“Stellar”), an outstanding Salt Lake City-based operator. Stellar has demonstrated exceptional operational expertise, driving strong occupancy from the mid-70% range to over 97% since becoming the operator in 2021 and sustaining near-full occupancy at the property. Stellar will continue to manage the community post-closing.

Thank you to everyone who contributed to the completion of this acquisition!

Ventas EVP and CIO Justin Hutchens Participates in Panel at 2025 RETCON Conference 

Last week, Ventas EVP, Senior Housing and Chief Investment Officer Justin Hutchens participated in RETCON 2025. Hutchens headlined a panel titled: "The Age of Innovation: How Senior Living Is Shaping Real Estate’s Future." The discussion focused on future-forward ideas and actionable insights for how innovation in senior living can serve as a model for growth and transformation throughout the real estate landscape. Hutchens was joined on the panel by Kurt Read, Principal at RSF Partners and Scott Stewart, Managing Partner at Capitol Seniors Housing. The panel was moderated by Sevy Petras, CEO of Priority Life Care.

RETCON gathers the world’s leading real estate owners, operators and developers to facilitate technology adoption and innovation within the real estate industry.

Robinhood, Home Depot, and More Stocks for the "Silver Tsunami" of Older Shoppers

Barron's

Barron's recently featured Ventas in an article discussing compelling investment opportunities created by the "silver tsunami." Barron's highlighted analysis from Mizuho Financial Group on sectors poised to benefit from the demographic wave, including real estate, noting that:

"An aging population is also correlated with a growing need for retirement communities. Mizuho recommends Ventas, a real estate investment trust focused on senior housing and healthcare properties."

The aging population is a $1 trillion opportunity. These stocks are the winners, says Mizuho

CNBC

CNBC also picked up on Mizuho’s research identifying Ventas as a “clear winner” based on the aging population, noting that “As Americans age and are unable to live at home, they’ll turn to senior housing [which] …should result in a strong tailwind for demand and pricing power over the next decade.” 

Ventas Chairman and CEO Debra A. Cafaro Competes in Bloomberg Brackets for a Cause

March Madness is underway and Ventas Chairman & CEO Debra A. Cafaro has once again joined the competition in Bloomberg's Brackets for a Cause. For the tenth year, Bloomberg has assembled a group of titans from the worlds of business and finance to compete in this March Madness contest. Each participant has selected a charity, filled out a bracket and pledged $20,000 for the charitable pool, which will be allocated to the designated charities of the top Bracketeers (for a total of almost $1.2 million!). 

Cafaro is playing for the University of Pennsylvania's Institute on Aging (IOA) whose mission is to improve the health of older adults through research and education. The IOA focuses on increasing the quality and quantity of clinical and basic research as well as educational programs focusing on normal aging and aging-related diseases such as Alzheimer's, Parkinson's and more, across the entire Penn campus.

You can follow along throughout the competition at Bloomberg's March Madness hub linked below.

LHS uCity Square Team in Philadelphia Achieves BOMA 360 Designation

The Lillibridge team at uCity Square in Philadelphia was recognized for achieving the BOMA 360 Designation for 3675 Market Street at BOMA's March Membership Meeting & Luncheon. BOMA 360 indicates that a building meets rigorous energy, efficiency, operations and management standards — maximizing its value, operational efficiency and tenant satisfaction.

Congratulations to the uCity Square team!

Celebrating Women's History Month

Last week colleagues in Chicago, Louisville and New York attended Women's History Month Breakfast events, which featured refreshments from local businesses and a selection of books about prominent women in history.

Giving ‘Handmade Hugs’ in the form of quilts 

The Signal Santa Clarita Valley

Here's a feel good story for your Friday: 90-year-old Atria resident Alice Olp and her daughter Cathy Johnson have spent the last year creating personalized handmade quilts for all residents at her Atria Santa Clarita community. Each blanket is themed according to the recipient's interests and is sewn with a special tag "A Handmade Hug from Alice Olp". Together, Alice and Cathy have made more than 110 quilts, including extras to ensure new residents moving in are welcomed with a handmade hug!

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