Ventas is a publicly traded real estate investment trust headquartered in Chicago, Illinois. Founded in 1998 as a spin-off of Vencor, the company has grown into the world's second-largest owner of senior housing and a leading S&P 500 company in the healthcare real estate sector. The company operates through three business segments: senior housing operating portfolio, outpatient medical and research portfolio, and triple-net leased properties. The senior housing operating portfolio engages third-party managers to operate communities on behalf of Ventas. The outpatient medical and research segment acquires, owns, develops, leases, and manages outpatient medical buildings and research centers. The triple-net segment invests in and owns senior housing communities, skilled nursing facilities, long-term acute care facilities, and freestanding inpatient rehabilitation facilities, where tenants pay property taxes, insurance, and maintenance. Ventas owns approximately 1,400 properties across the United States, Canada, and the United Kingdom. The company has generated a 19% annualized total shareholder return since 2000 and maintains an enterprise value of $56 billion. Ventas pursues a strategy centered on the longevity economy, targeting the 80+ population poised to grow more than 55% by 2035. The company closed $2.2 billion in senior housing acquisitions in 2025 year-to-date and has positioned its portfolio to capture durable demand from the aging population.