Who are the operators of the healthcare facilities owned by Ventas?
Ventas’s primary tenant, Kindred Healthcare, Inc. (NYSE:KND), is expected to account for about 25 percent of the Company’s REIT revenues, proforma based on annualized 3Q 2010 Ventas revenue assuming all events occurred at the beginning of the period. Under the terms of the four Amended Master Lease Agreements with Kindred, Ventas, Inc. is scheduled to receive annualized rent of $249 million. This annualized rent includes the additional rent as a result of Ventas’s election to accept the Reset Right valuation. Since 2004, Ventas has completed over $5 billion of additional investments. With the completion of those transactions, Ventas has a diverse group of qualified operators of long-term care assets and other tenants outside of its relationship with Kindred.
Ventas’s primary tenant, Kindred Healthcare, Inc. (NYSE:KND), is expected to account for about 24 percent of the Company’s REIT revenues, proforma based on annualized 1Q 2011 Ventas revenue assuming all events occurred at the beginning of the period. Under the terms of the four Amended Master Lease Agreements with Kindred, Ventas, Inc. is scheduled to receive annualized rent of $249 million. This annualized rent includes the additional rent as a result of Ventas’s election to accept the Reset Right valuation. Since 2004, Ventas has completed over $5 billion of additional investments. With the completion of those transactions, Ventas has a diverse group of qualified operators of long-term care assets and other tenants outside of its relationship with Kindred.
