When did Ventas become a REIT?
Ventas elected REIT status for the 1999 tax year. Before May 1, 1998, the Company’s name was Vencor, Inc. and it operated skilled nursing facilities and long-term care hospitals throughout the United States. On May 1, 1998, Ventas formed a new corporation, subsequently named Vencor, Inc. and transferred to it all the healthcare operations. At the same time, the Company changed its name to Ventas, Inc. and maintained ownership of the real estate, which it leased to the new Vencor (now named Kindred Healthcare, Inc. (NYSE:KND)).
