Skilled Nursing News September 16, 2024
Ventas (NYSE: VTR) plans to sell a total of $150 million in nursing home assets, and is close to selling a portion of the Pennsylvania facilities in a market that has proven to be challenging due to its state staffing mandate.
The Chicago-based real estate investment trust (REIT) is in the midst of efforts to raise capital and pay down debt, and the sale of the skilled nursing facilities (SNFs) assets is related to Ventas’ Santerre Health Investors portfolio, some of which sold last year.
Ventas’ executives said during a presentation at the Bank of America’s Global Real Estate Conference last week that the REIT is on schedule for cash flow generation. The company remains poised to maximize its net...
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