Ventas to buy real estate assets for $1.5Bn
Ventas, an American real-estate investment trust will pay private equity funds managed by Lazard Real Estate Partners $1.5 billion for the real estate assets of Atria Senior Living Group. The deal makes Ventas the largest U.S. owner for senior housing communities. Ventas is to pay $150 million in cash and 25 million shares of its common stock (worth $1.35 billion) for the 118 housing communities, and it takes on $1.6 billion of Atria’s debt.
22 October 2010•1 min read
