Ventas Execs: Predictive Analytics, Operator Transitions Are Driving Senior Living Momentum

Senior Housing News September 12, 2023
Andrew Christman

Ventas (NYSE:VTR) has a “several hundred million dollar” net operating income opportunity right in front of it — provided the company can reach its pre-pandemic census and NOI levels.

Overall, the Chicago-based real estate investment trust (REIT) is targeting an 88% occupancy rate and 30% margin in the coming years, Ventas Chairman and CEO Debra Cafaro said during the Sept. 12 Bank of America Global Real Estate Conference. And its best demand years may be yet to come, given today’s market fundamentals and construction levels, she added.

“New starts in the business are the lowest they’ve been since 2009,” Cafaro said. “And that’s coupled with three times the population growth over the next five years that we saw following 2009....

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