Ventas is a publicly traded real estate investment trust that owns and operates senior housing communities, medical office buildings, research centers, and healthcare facilities across the United States, Canada, and the United Kingdom. The company was founded in 1998 as a spin-off of Vencor and trades on the New York Stock Exchange under the ticker symbol VTR. As of December 2025, Ventas owns more than 1,400 properties with an enterprise value exceeding $50 billion. The company's portfolio includes approximately 875 senior housing communities serving over 90,000 residents, along with outpatient medical buildings, research centers, and healthcare facilities. Ventas operates under a "Right Market, Right Asset, Right Operator" investment strategy, concentrating acquisitions in markets with favorable demographics and partnering with proven operators. The company has invested heavily in senior housing, closing over $2 billion in senior housing acquisitions in 2024 and completing a $2.3 billion acquisition of New Senior Investment Group in September 2021, which added 103 independent living communities totaling 12,404 units across 36 states. The senior housing operating portfolio represents approximately 42% of net operating income. Ventas has demonstrated strong operational performance, with the senior housing segment achieving 22% year-over-year NOI growth in 2024, driven by occupancy gains and revenue per occupied room increases. Top tenant operators include Brookdale (7.2% of NOI), Kindred (6.7% of NOI), and Ardent (6.6% of NOI). The company maintains geographic diversification across North America and the UK, with properties positioned in markets showing strong demographic fundamentals for the aging population. Chairman and CEO Debra A. Cafaro has led the company since 1999, driving market capitalization growth from $200 million to over $40 billion by 2026, with annualized total shareholder returns approximating 19% since 2000.
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