Behavioral Health Business November 5, 2021
Chicago-based Ventas Inc. (NYSE: VTR) revealed it acquired a building where Eating Recovery Center operates for $58 million, marking an entry into behavioral health for the health care-focused real estate investment trust.
Ventas announced the deal as part of its third-quarter 2021 financial performance disclosures. The REIT is one of the largest owners of health care real estate in the United States, with about 1,200 properties in senior housing, life science, medical office and other health care areas. Ventas did not name the seller in its announcement.
The company’s entrance into the “higher yielding” behavioral health sector came as the REIT stepped up its acquisition activity generally last quarter, BMO Capital Markets analysts remarked in a note.
“Establishing a new...
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