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December 24, 2012
09:04 EDTVTRVentas, Atria management to jointly own Atria Senior Living
Ventas has executed a transaction whereby Ventas and the management team of Atria Senior Living own 100% of Atria, effective December 21. Atria’s Chairman and CEO John A. Moore will continue to lead Atria. In the transaction, Ventas acquired 100% of various private investment funds previously managed by Lazard Frères Real Estate Investors LLC or its affiliates. The acquired Funds now own (a) a 34% interest in Atria and (b) 3.7 million shares of Ventas common stock. The total purchase price for these interests was approximately $242M. Atria’s executives and employees, including Moore, now own 66% of Atria. In the transaction, Ventas also extinguished its obligation related to the “Earnout,” a contingent performance-based payment arising out of Ventas’s 2011 acquisition of 117 Atria-managed senior living communities, for an additional $44M.
News For VTR From The Last 14 Days
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October 24, 2014
07:35 EDTVTRVentas sees FY14 NOI growth for total portfolio 3.5%-4%
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07:34 EDTVTRVentas ups FY14 normalized FFO view to $4.44-$4.47 from $4.39-$4.43
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07:32 EDTVTRVentas reports Q3 normalized FFO $1.12, consensus $1.11
Reports Q3 revenue $779M, consensus $748.99M. Reports Q3 Same-store NOI in local currency after management fees grew 4.4% and REVPOR grew 2.5% in the 217 stabilized private pay seniors housing communities owned by the company.
October 23, 2014
15:39 EDTVTRNotable companies reporting before tomorrow's open
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