Ventas Enters Agreements With Kindred And ScionHealth Including Regarding 23 Long Term Acute Care Hospitals Whose Lease Term Is Scheduled To Mature On Apr. 30; Initial Annualized Cash Contractual Base Rent For The LTACS Will Be $80M Starting May 1, 2025, Consistent With The Company's Previously Announced Expectations, And Rent Will Escalate Annually By 2.75% Through The Extended Lease Maturity Date Of April 30, 2030
Portfolio Pulse from Benzinga Newsdesk
Ventas has entered agreements with Kindred and ScionHealth concerning 23 long-term acute care hospitals. The lease term is set to mature on April 30, with an initial annualized cash contractual base rent of $80 million starting May 1, 2025. Rent will escalate annually by 2.75% through April 30, 2030.
September 16, 2024 | 12:34 pm
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Ventas has secured agreements with Kindred and ScionHealth for 23 long-term acute care hospitals, with a lease starting in May 2025. The initial annual rent is $80 million, with a 2.75% annual escalation until 2030.
The agreements ensure a steady revenue stream for Ventas starting in 2025, with predictable rent escalations. This aligns with Ventas' expectations and supports its financial stability and growth in the healthcare real estate sector.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90