M&A Deal Summary

Ventas Acquires American Realty Capital Healthcare Trust

On June 2, 2014, Ventas acquired real estate company American Realty Capital Healthcare Trust from Realty Income for 2.6B USD

Acquisition Highlights
  • This is Ventas’ 8th transaction in the Real Estate sector.
  • This is Ventas’ 2nd largest (disclosed) transaction.
  • This is Ventas’ 7th transaction in the United States.
  • This is Ventas’ 1st transaction in New York.

M&A Deal Summary

Date 2014-06-02
Target American Realty Capital Healthcare Trust
Sector Real Estate
Buyer(s) Ventas
Sellers(s) Realty Income
Deal Type Divestiture
Deal Value 2.6B USD

Target

American Realty Capital Healthcare Trust

New York,, New York, United States
American Realty Capital Trust is a REIT that acquires, owns and operates single-tenant freestanding commercial properties. The company’s diversified real estate portfolio is comprised of long-term, net leases with primarily investment-grade tenants. American Realty Capital Trust’s primary goal is to provide durable, reliable income for investors through the delivery of dependable monthly dividends.

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Buyer(S) 1

Buyer

Ventas

Chicago, Illinois, United States

Category Company
Sector Real Estate
Employees486
Revenue 4.5B USD (2023)
DESCRIPTION

Ventas is a real estate investment trust (REIT), with a highly diversified portfolio of nearly 1,500 seniors housing communities, medical office buildings, skilled nursing facilities and hospitals in 46 states, the District of Columbia and two Canadian provinces. Ventas is based in Chicago, Illinois.


DEAL STATS #
Overall 8 of 12
Sector (Real Estate) 8 of 11
Type (Divestiture) 1 of 3
State (New York) 1 of 2
Country (United States) 7 of 11
Year (2014) 1 of 1
Size (of disclosed) 2 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-02 Cogdell Spencer

Charlotte, North Carolina, United States

Cogdell Spencer specializes in the ownership, development, acquisition, management, and leasing of medical office buildings and healthcare related facilities.

Buy $770M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-07 Ardent Health Services

Brentwood, Tennessee, United States

Ardent Health Services is a premier provider of health care services and operates acute care hospitals across the United States. Ardent is based in Brentwood, Tennessee.

Buy -

Seller(S) 1

SELLER

Realty Income

San Diego, California, United States

Category Company
Sector Real Estate
Employees418
Revenue 4.1B USD (2023)
DESCRIPTION

Realty Income is a real estate investment trust (REIT). The Company is engaged in acquiring and owning freestanding retail and other properties that generate rental revenue under long-term lease agreements (primarily 10 to 20 years). Realty Income is based in San Diego, California.


DEAL STATS #
Overall 1 of 2
Sector (Real Estate) 1 of 2
Type (Divestiture) 1 of 1
State (New York) 1 of 1
Country (United States) 1 of 2
Year (2014) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-17 Portfolio Of 84 Single-Tenant Properties

United States

Portfolio Of 84 Single-Tenant Properties consists of primarily retail, industrial and distribution properties leased to 16 tenants,in 12 different industries, located in 22 states, with an initial average lease term of 13.7 years.

Buy $503M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-29 Vereit

Phoenix, Arizona, United States

Vereit is a full-service real estate operating company that owns and manages one of the largest portfolios of single-tenant commercial properties in the U.S. The Company has total real estate investments of $14.6 billion including approximately 3,800 properties and 89.5 million square feet. Vereit's business model provides equity capital to creditworthy corporations in return for long-term leases on their properties. Vereit was formed in 2015 and is based in Phoenix, Arizona.

Buy -