Senior residing REIT Ventas (NYSE: VTR) is claimed to be buying a six-community portfolio on New York’s Lengthy Island for $600 million.
Based on an Aug. 22 story on Bloomberg, sources conversant in the deal mentioned that Ventas was buying the portfolio from Harrison Road and B2K Growth. The latter will function the communities with efficiency incentives underneath Ventas, in accordance with the story.
Ventas Chief Funding Officer Justin Hutchens informed Bloomberg the transaction contains “high-quality senior residing communities with upside potential.”
A consultant for Ventas didn’t instantly return a request for remark from Senior Housing Information.
The reported deal follows optimism from Ventas administration in regards to the street forward for brand spanking new investments. The corporate throughout its second-quarter 2025 earnings name upped its funding steerage for 2025 to $2 billion.
On the time, Hutchens informed SHN that Ventas is in “top-of-the-line positions to develop our platform externally.” Because the begin of 2024, the Chicago-based actual property funding belief (REIT) has invested about $3 billion into senior residing holdings.
“We’ve dedicated to deploy billions of {dollars} into the senior housing sector and to develop our footprint,” Hutchens informed SHN.
As of the second quarter, Ventas owned 1,386 properties, with 691 in its SHOP phase and 257 in its triple-net senior residing phase.
Ventas shouldn’t be the one REIT on a senior residing buying spree in 2025. Peer REIT Welltower (NYSE: WELL) has this yr has laid out a $9.2 funding pipeline of “extremely engaging” properties within the U.S. and overseas in accordance with CEO Shankh Mitra.
