{"id":1004036868,"date":"2012-02-27T10:52:12","date_gmt":"2012-02-27T18:52:12","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004036868"},"modified":"2022-12-08T16:02:28","modified_gmt":"2022-12-09T00:02:28","slug":"ventas-to-sell-64-healthcare-assets","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/ventas-to-sell-64-healthcare-assets\/","title":{"rendered":"Ventas to Sell 64 Healthcare Assets"},"content":{"rendered":"

February 27, 2012<\/strong>
\nBy Barbra Murray, Contributing Editor<\/em>
\n\"\"<\/a><\/p>\n

A premier opportunity is headed for investors in the healthcare real estate sector. Ventas Inc. has announced plans to market 64 healthcare properties presently leased to Kindred Healthcare Inc.<\/p>\n

The portfolio, generating $77 million of annual rent, consists of 54 skilled nursing centers and 10 long-term acute care hospitals operating under four separate master leases. And expiration dates are fast approaching.<\/p>\n

Kindred will have to decide if it will avail itself of renewal options on 56 of the properties by April 30, 2012. The company recently indicated that it will sign a five-year lease renewal for 25 of the communities, including 19 nursing and rehab facilities and six LTAC hospitals.<\/p>\n

Ventas, however, is not sweating bullets regarding tenancy. “The facilities are profitable at current rent levels and they would be attractive to a variety of healthcare providers if they do become available for re-leasing,” Debra A. Cafaro, chair and CEO of Ventas, noted during the REIT’s fourth-quarter earnings conference call earlier this month. “So, whether it’s with Kindred or with new Ventas tenants we feel confident about the expected outcome of the 2013 renewal process.”<\/p>\n

And Ventas has every right to feel confident about finding a buyer or buyers for the assets, as the healthcare sector is a real estate investor favorite right now. “We expect the product sector to remain much in demand in 2012 as the broader economy continues to struggle to re-energize itself,” Mindy Berman, managing director, healthcare capital markets with commercial real estate services firm Jones Lang LaSalle, noted in a recent report. “The proven track record of healthcare real estate through downturns and the compelling demographics of the sector will keep propelling activity and pricing levels throughout 2012.”<\/p>\n

Ventas, which has a diverse portfolio encompassing in excess of 1,300 assets in the U.S. and two Canadian provinces, is putting the properties up for sale in an effort to, as Cafaro noted in a prepared statement, improve the company’s diversification and broaden its tenant base.<\/p>\n","protected":false},"excerpt":{"rendered":"

Ventas Inc. has announced plans to market 64 healthcare properties, which generate $77 million in annual rent and are presently leased to Kindred Healthcare Inc.<\/p>\n","protected":false},"author":1201,"featured_media":1004038971,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21781,21808,21754,21742],"tags":[],"class_list":["post-1004036868","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-corporate-real-estate","category-featured","category-medical-office","category-latest"],"acf":[],"yoast_head":"\nVentas to Sell 64 Healthcare Assets - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/ventas-to-sell-64-healthcare-assets\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ventas to Sell 64 Healthcare Assets\" \/>\n<meta property=\"og:description\" content=\"Ventas Inc. has announced plans to market 64 healthcare properties, which generate $77 million in annual rent and are presently leased to Kindred Healthcare Inc.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/ventas-to-sell-64-healthcare-assets\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2012-02-27T18:52:12+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T00:02:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/02\/022712-Ventas-Kindred-Chicago-Property.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"550\" \/>\n\t<meta property=\"og:image:height\" content=\"395\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Nicholas Ziegler\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/ventas-to-sell-64-healthcare-assets\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/ventas-to-sell-64-healthcare-assets\\\/\"},\"author\":{\"name\":\"Nicholas Ziegler\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/ff3a837f33daecfcf8978b405eaae20c\"},\"headline\":\"Ventas to Sell 64 Healthcare Assets\",\"datePublished\":\"2012-02-27T18:52:12+00:00\",\"dateModified\":\"2022-12-09T00:02:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/ventas-to-sell-64-healthcare-assets\\\/\"},\"wordCount\":331,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/ventas-to-sell-64-healthcare-assets\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2012\\\/02\\\/022712-Ventas-Kindred-Chicago-Property.jpg\",\"articleSection\":[\"Brokerage\",\"Corporate Real Estate\",\"Featured\",\"Medical Office\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/ventas-to-sell-64-healthcare-assets\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/ventas-to-sell-64-healthcare-assets\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/ventas-to-sell-64-healthcare-assets\\\/\",\"name\":\"Ventas to Sell 64 Healthcare Assets - 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