February 21, 2020
Healthcare REIT Ventas has sponsored and formed the Ventas Life Science and Healthcare Real Estate Fund, L.P., a perpetual life vehicle that will focus on investments in core and core-plus life science, medical office and senior housing real estate.
The fund is expected to launch during the first quarter of 2020 with more than $700 million in assets under management and third-party equity commitments of approximately $650 million.
The new vehicle will utilize Chicago-based Ventas’s brand, industry expertise and team, providing a vehicle for core and core plus life science, medical office and senior housing real estate asset classes in North America and simultaneously benefitting Ventas’s public equity shareholders.
“This Ventas-sponsored fund is a natural opportunity to capitalize on our position as a trusted industry expert and innovator, and extend our track record of delivering outstanding returns to our public shareholders,” said Ventas CEO Debra A. Cafaro.
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