Healthcare Real Estate

The $2.3 billion transaction gives Ventas an independent living portfolio in advantaged markets with positive supply-demand fundamentals.

The combined company will have a gross investment value of approximately $4.2 billion.

The company has agreed to purchase five South Florida general acute hospitals and Steward Health Care System will acquire the operations of the facilities.

There is tremendous commercial real estate market liquidity, and interest rates are low.

The price tag of $1.58 billion represents a 30% discount to the estimated replacement cost.

Adjusted rental rates reflected declining demand last quarter.

Investors fled to alternative asset classes during the pandemic and won't be pulling out as it recedes.

New hotspots are emerging that offer many of the advantages of the top life sciences clusters, with similar access to talent and skilled workforce, but lower rents.