Ventas Names Chicago as Headquarters

Company to Expand Its Louisville Office

Apr 24, 2008, 01:00 ET from Ventas, Inc.

    LOUISVILLE, Ky., April 24 /PRNewswire-FirstCall/ -- Ventas, Inc. (NYSE:  
 VTR) ("Ventas" or the "Company") said today that, effective with its May
 19, 2008 annual meeting of shareholders, the Company's headquarters will be
 located in Chicago, Illinois.
     "As a $10 billion NYSE-listed real estate investment trust with assets
 in two countries and 43 states, we believe that identifying Chicago as our
 headquarters will provide the Company with increased visibility and access
 to the city's robust real estate community, including other REITs, private
 real estate companies and real estate investors important to our success,"
 Ventas Chairman, President and Chief Executive Officer Debra A. Cafaro
 said. "We look forward to becoming active members of the Chicago business
     Ventas said its Louisville office, which has been its corporate
 headquarters, will continue to be the Company's largest location. Three of
 the Company's five members of its Management Committee, and over 60 percent
 of its employees, will remain based in Louisville. Also, Ventas recently
 agreed to expand its Louisville office space by about 50 percent to provide
 capacity for its growing workforce. The Company's Chicago employees will
 continue to be based in its offices in Chicago's central business district.
     "Our Louisville-based employees have been and will continue to be
 essential to our success," Cafaro said. "We are very fortunate to be able
 to draw on Louisville's excellent talent pool, especially in accounting,
 tax, legal and asset management. We expect to add jobs in both cities as
 warranted by our future growth."
     The Company also said it intends to continue supporting civic and
 philanthropic causes important to its employees in both Chicago and
 Louisville through the Ventas Charitable Foundation.
     "We're delighted that Ventas selected Chicago for its corporate
 headquarters and welcome the Company to our vibrant and highly-engaged
 business community," said Rita Athas, executive director of World Business
 Chicago. "Companies that have moved their headquarters here cite numerous
 business advantages to locating in Chicago, including our strong
 pro-business environment, talented workforce and convenient access to North
 American and global markets. A company as strong as Ventas with a
 demonstrated track record of success is an excellent addition to our
 corporate community."
     Ventas, Inc. is a leading healthcare real estate investment trust. Its
 diverse portfolio of properties located in 43 states and two Canadian
 provinces includes seniors housing communities, skilled nursing facilities,
 hospitals and medical office and other properties. More information about
 Ventas can be found on its website at
     This press release includes forward-looking statements within the
 meaning of Section 27A of the Securities Act of 1933, as amended, and
 Section 21E of the Securities Exchange Act of 1934, as amended. All
 statements regarding Ventas, Inc.'s ("Ventas" or the "Company") and its
 subsidiaries' expected future financial position, results of operations,
 cash flows, funds from operations, dividends and dividend plans, financing
 plans, business strategy, budgets, projected costs, capital expenditures,
 competitive positions, acquisitions, investment opportunities, merger
 integration, growth opportunities, expected lease income, continued
 qualification as a real estate investment trust ("REIT"), plans and
 objectives of management for future operations and statements that include
 words such as "anticipate," "if," "believe," "plan," "estimate," "expect,"
 "intend," "may," "could," "should," "will" and other similar expressions
 are forward-looking statements. Such forward-looking statements are
 inherently uncertain, and security holders must recognize that actual
 results may differ from the Company's expectations. The Company does not
 undertake a duty to update these forward-looking statements, which speak
 only as of the date on which they are made.
     The Company's actual future results and trends may differ materially
 depending on a variety of factors discussed in the Company's filings with
 the Securities and Exchange Commission. Factors that may affect the
 Company's plans or results include without limitation: (a) the ability and
 willingness of the Company's operators, tenants, borrowers, managers and
 other third parties, as applicable, to meet and/or perform the obligations
 under their various contractual arrangements with the Company; (b) the
 ability and willingness of Kindred Healthcare, Inc. (together with its
 subsidiaries, "Kindred"), Brookdale Living Communities, Inc. (together with
 its subsidiaries, "Brookdale") and Alterra Healthcare Corporation (together
 with its subsidiaries, "Alterra") to meet and/or perform their obligations
 to indemnify, defend and hold the Company harmless from and against various
 claims, litigation and liabilities under the Company's respective
 contractual arrangements with Kindred, Brookdale and Alterra; (c) the
 ability of the Company's operators, tenants, borrowers and managers, as
 applicable, to maintain the financial strength and liquidity necessary to
 satisfy their respective obligations and liabilities to third parties,
 including without limitation obligations under their existing credit
 facilities; (d) the Company's success in implementing its business strategy
 and the Company's ability to identify, underwrite, finance, consummate and
 integrate diversifying acquisitions or investments, including those in
 different asset types and outside the United States; (e) the nature and
 extent of future competition; (f) the extent of future or pending
 healthcare reform and regulation, including cost containment measures and
 changes in reimbursement policies, procedures and rates; (g) increases in
 the Company's cost of borrowing; (h) the ability of the Company's operators
 and managers, as applicable, to deliver high quality services, to attract
 and retain qualified personnel and to attract residents and patients; (i)
 the results of litigation affecting the Company; (j) changes in general
 economic conditions and/or economic conditions in the markets in which the
 Company may, from time to time, compete; (k) the Company's ability to pay
 down, refinance, restructure and/or extend its indebtedness as it becomes
 due; (l) the movement of interest rates and the resulting impact on the
 value of and the accounting for the Company's interest rate swap agreement;
 (m) the Company's ability and willingness to maintain its qualification as
 a REIT due to economic, market, legal, tax or other considerations; (n)
 final determination of the Company's taxable net income for the year ended
 December 31, 2007 and for the year ending December 31, 2008; (o) the
 ability and willingness of the Company's tenants to renew their leases with
 the Company upon expiration of the leases and the Company's ability to
 relet its properties on the same or better terms in the event such leases
 expire and are not renewed by the existing tenants; (p) risks associated
 with the Company's seniors housing communities managed by Sunrise Senior
 Living, Inc. ("Sunrise"), including the timely delivery of accurate
 property-level financial results for the Company's properties; (q) factors
 causing volatility in the Company's revenues generated by its seniors
 housing communities managed by Sunrise, including without limitation
 national and regional economic conditions, costs of materials, energy,
 labor and services, employee benefit costs and professional and general
 liability claims; (r) the movement of U.S. and Canadian exchange rates; (s)
 year-over- year changes in the Consumer Price Index and the effect of those
 changes on the rent escalators, including the rent escalator for Master
 Lease 2 with Kindred, and the Company's earnings; (t) the impact on the
 liquidity, financial condition and results of operations of the Company's
 operators, tenants, borrowers and managers, as applicable, resulting from
 increased operating costs and uninsured liabilities for professional
 liability claims, and the ability of the Company's operators, tenants,
 borrowers and managers to accurately estimate the magnitude of such
 liabilities; and (u) the impact of the Sunrise strategic review process and
 accounting, legal and regulatory issues. Many of these factors are beyond
 the control of the Company and its management.
Contacts: Debra A. Cafaro Chairman, President and CEO or Richard A. Schweinhart Executive Vice President and CFO (502) 357-9000

SOURCE Ventas, Inc.