September 24, 2016 10:13 PM ET

Equity 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, Chief Executive Officer of Ventas - General Partner, President of Ventas - General Partner, Chief Executive Officer of Ventas Capital, President of Ventas Capital and Director of Ventas Capital
Age: 58
Chief Administrative Officer of Gp, General Counsel - Gp and Executive Vice President - Gp
Age: 58
Controller of Ventas Capital Corporation
Compensation as of Fiscal Year 2016.

Ventas Realty, Limited Partnership Key Developments

Ventas Realty, Limited Partnership(NYSE:VTRB) dropped from S&P U.S. Preferred REIT Stock Index (Historical)

Ventas Realty, Limited Partnership(NYSE:VTRB) dropped from S&P U.S. Preferred REIT Stock Index (Historical)

Ventas Realty, Limited Partnership Announces Results of Tender Offer for 1.55% Senior Notes Due 2016

Ventas Realty, Limited Partnership announced the closing of the previously announced offer to purchase for cash (the Tender Offer) any and all of the outstanding 1.55% Senior Notes due 2016 (the Notes) issued by Ventas Realty, which expired at 5:00 p.m., New York City time, on June 1, 2016 (the Expiration Time). As of the Expiration Time, $453,531,000 aggregate principal amount of Notes, or 82.46% of the aggregate principal amount of Notes outstanding, had been validly tendered and not validly withdrawn. This excludes $1,939,000 aggregate principal amount of Notes that remain subject to guaranteed delivery procedures. Ventas Realty has accepted for payment all the Notes validly tendered and not validly withdrawn prior to the Expiration Time and, in accordance with the terms of the Offer to Purchase, has paid all holders of such Notes $1,003.35 per $1,000 principal amount of Notes tendered plus accrued and unpaid interest from the last interest payment date to, but not including, June 2, 2016 (the "Payment Date"). Ventas Realty will also accept Notes tendered and subsequently delivered in accordance with the guaranteed delivery procedures, and will pay holders of such Notes the tender offer consideration for such accepted Notes on June 6, 2016, plus accrued and unpaid interest thereon to, but not including, the Payment Date. Ventas Realty funded the payment for tendered and accepted notes with the net proceeds from its previously announced issuance and sale of $400.0 million aggregate principal amount of its 3.125% Senior Notes due 2023, together with cash on hand and/or borrowings under its unsecured revolving credit facility. Morgan Stanley & Co. LLC and Wells Fargo Securities, LLC acted as dealer managers for the Tender Offer. D.F. King & Co. Inc. was the information agent and tender agent for the Tender Offer.

Ventas Commences Tender Offer for 1.55% Senior Notes Due 2016

Ventas Inc. announced that Ventas Realty, Limited Partnership, its wholly-owned subsidiary, has commenced a cash tender offer for any and all of its outstanding $550,000,000 aggregate principal amount of its 1.55% Senior Notes due 2016 (CUSIP No. 92277GAA5), which are fully and unconditionally guaranteed by Ventas, on the terms and subject to the conditions set forth in the Offer to Purchase, dated the date hereof, the related Letter of Transmittal, and the related Notice of Guaranteed Delivery attached to the Offer to Purchase. The tender offer is referred to herein as the “Offer.” The Offer to Purchase, the Letter of Transmittal and the Notice of Guaranteed Delivery are referred to herein collectively as the 'Offer Documents'. The tender offer consideration for each $1,000 principal amount of the Notes purchased pursuant to the Offer will be $1,003.35. Holders must validly tender (and not validly withdraw) or deliver a properly completed and duly executed Notice of Guaranteed Delivery for their Notes at or before the Expiration Time in order to be eligible to receive the Tender Offer Consideration. In addition, holders whose Notes are purchased in the Offer will receive accrued and unpaid interest from the last interest payment date to, but not including, the payment date for the Notes. Ventas Realty expects the payment date to occur on June 2, 2016.

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