Ventas CEO: We Have ‘Line of Sight’ on More Than $300M in Senior Housing Deals

Ventas, a real estate investment trust (REIT) listed on the NYSE as VTR, is preparing for a year of active investment, with CEO Debra Cafaro expressing confidence in securing more than $300 million in senior housing deals. The company reported a 2023 year-end liquidity position of $3.2 billion and is focused on NOI-generating CapEx in existing real estate and senior housing acquisitions. Additionally, the company has built an expectation of $350 million worth of acquisitions transacting in 2024 into its guidance. Despite a 3% dip in stock price, Ventas saw a 1.7% increase in average occupancy in its senior housing operating portfolio in the fourth quarter of 2023. The company is also looking ahead to a new lease with operator Brookdale and aims to expand its footprint in independent living, assisted living, and memory care communities.