Ventas Investing in Senior Housing Portfolio Valued at $1.8 Billion
June 03 2019 - 5:53PM
Dow Jones News
By Josh Beckerman
Ventas Inc. (VTR) will invest in a Quebec senior housing
portfolio valued at about $1.8 billion including debt.
Ventas will own 85% of an equity partnership with Le Groupe
Maurice, which will continue operating the 31 properties, including
three scheduled to open this year.
Ventas expects the deal will add about 3 cents a share to 2020
normalized funds from operations.
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
June 03, 2019 17:38 ET (21:38 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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