Ventas, Inc.

CHICAGO--(BUSINESS WIRE)--Ventas, Inc. (NYSE: VTR) (“Ventas” or the “Company”) announced today that its wholly owned subsidiary, Ventas Realty, Limited Partnership (“Ventas Realty”), has priced an underwritten public offering of $500.0 million aggregate principal amount of 5.500% Senior Notes due 2033 (the “Notes”) at an issue price equal to 99.441% of the principal amount of the Notes. The Notes will be senior unsecured obligations of Ventas Realty and will be fully and unconditionally guarant.

Nearly 70 million boomers are turning 80 while new senior housing construction crawls near record lows.

REITs, as measured by VNQ, have pulled back ~6% from July highs amid rising interest rates, now trading at meaningful discounts to NAV. Public REITs' low leverage and fixed-rate debt position them to benefit from declining new supply and potential rent growth over 2027-2028. Current market dislocation reflects capital market volatility, not deteriorating property fundamentals; transaction markets remain frozen due to wide bid-ask spreads.

Baby boomers are turning 80 while builders put up almost no new senior housing, a setup that pushes rents and occupancy higher.