Senior Housing News October 31, 2024
Ventas (NYSE: VTR) is seeking to further ramp up its investments in senior living in the months ahead as it continues to push margins and occupancy higher in its senior housing operating segment.
In the third quarter of 2024, Chicago-based real estate investment trust (REIT) invested nearly $937 million to acquire 26 properties for its senior housing operating portfolio (SHOP), with a price point at about $263,000 per unit, according to the company’s 3Q24 financial disclosure. The company also has an additional $300 million of senior housing investments under contract and expected to close by the end of the year.
That brings the company’s year-to-date senior housing investment total to almost $1.7 billion in 2024.
Senior housing investments in the...
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