Senior Housing News June 4, 2024
Ventas (NYSE: VTR) has a runway for growth in North America and the U.K. – but opportunities to expand in the U.S. are “exceptional right now,” according to CEO Debra Cafaro.
“This is one the first times in my career where I’ve seen high going-in cash yields on quality assets in good markets that also [have] embedded growth that leads to low- to mid-teens unlevered IRR expectations,” Cafaro said during an interview Tuesday at the 2024 Nareit REITweek Investor Conference in New York City. “We’re very excited about that.”
She added that Ventas in 2024 expects to invest $750 million on external growth, with $350 million of that already closed. The company’s investments this year have so far centered on...
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