August 31, 2014 5:09 AM ET

Real Estate Investment Trusts (REITs)

Company Overview of Ventas Realty, Limited Partnership

Company Overview

Ventas Realty, Limited Partnership, together with Ventas Finance I, LLC, conducts substantially all of the business of Ventas, Inc. (Ventas). Ventas owns, leases, and finances healthcare facilities. As of November 29, 2002, its properties included 220 skilled nursing facilities in 32 states, 44 hospitals in 20 states, and nine other healthcare and senior housing facilities. Ventas also had investments in 25 healthcare and senior housing facilities located in Ohio and Maryland. As of the above date, Ventas Finance I owned 40 skilled nursing facilities; and Ventas and Ventas Realty owned all of its other properties. The company elected to qualify as a REIT for federal income tax purposes, purs...

4360 Brownsboro Road

Suite 115

Louisville, KY 40207

United States

14 Employees

Phone:

502-357-9000

Key Executives for Ventas Realty, Limited Partnership

Chairman of the Board of Ventas Inc. - Corporate General Partner
Age: 56
Chief Financial Officer of Ventas Inc. - Corporate General Partner
Age: 64
Executive Vice President - Ventas - General Partner
Age: 56
Controller of Ventas Capital Corporation
Compensation as of Fiscal Year 2014.

Ventas Realty, Limited Partnership Key Developments

Ventas Realty Seeks Acquisitions

Ventas Realty, Limited Partnership plans to issue senior notes. Ventas Realty intends to use the net proceeds from this offering to repay indebtedness outstanding under unsecured revolving credit facility and for working capital and other general corporate purposes, including to fund future acquisitions and investments, if any.

Ventas Realty LP Closes $3 billion Unsecured Credit Facility

Ventas Inc. reported that its subsidiary Ventas Realty LP closed a new $3 billion unsecured credit facility. The credit facility is comprised of a $2 billion revolving credit facility initially priced at 100 basis points over LIBOR, as well as a $200 million four-year term loan and an $800 million five-year term loan, each initially priced at 105 basis points over LIBOR. The company's new $2 billion revolving credit facility matures in January 2018 and can be extended for an additional year at the company's option, subject to the satisfaction of certain conditions. At closing, the revolving credit facility had nearly $2 billion of available borrowing capacity. The new $200 million and $800 million term loans are fully funded and mature in January 2018 and January 2019, respectively. The credit facility includes a $500 million accordion feature permitting the company to expand its borrowing capacity to a total of $3.5 billion. Proceeds were used to repay amounts outstanding under the company's previous $2 billion unsecured revolving credit facility, which had been priced at 110 basis points over LIBOR and was scheduled to mature in October 2015, and $680 million in term loans most recently priced at 120 to 125 basis points over LIBOR and scheduled to mature in January 2015, 2017 and 2018.

Ventas Realty Mulls Acquisitions

Ventas Realty, Limited Partnership is seeking acquisition opportunities. Ventas Realty is offering senior notes. Ventas Realty intends to use the net proceeds to repay indebtedness outstanding under its unsecured revolving credit facility and for working capital and other general corporate purposes, including funding future acquisitions or investments, if any.

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