M&A Deal Summary

Ventas Acquires Brookdale Senior Living - Brookdale Battery Park

On August 20, 2018, Ventas acquired real estate company Brookdale Senior Living - Brookdale Battery Park from Brookdale Senior Living for 194M USD

Acquisition Highlights
  • This is Ventas’ 10th transaction in the Real Estate sector.
  • This is Ventas’ 9th largest (disclosed) transaction.
  • This is Ventas’ 10th transaction in the United States.
  • This is Ventas’ 2nd transaction in Tennessee.

M&A Deal Summary

Date 2018-08-20
Target Brookdale Senior Living - Brookdale Battery Park
Sector Real Estate
Buyer(s) Ventas
Sellers(s) Brookdale Senior Living
Deal Type Divestiture
Deal Value 194M USD

Target

Brookdale Senior Living - Brookdale Battery Park

Brentwood, Tennessee, United States
Brookdale Senior Living, Inc. - Brookdale Battery Park is an independent living community in Brentwood, Tennessee.

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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 11 of 12
Sector (Real Estate) 10 of 11
Type (Divestiture) 3 of 3
State (Tennessee) 2 of 2
Country (United States) 10 of 11
Year (2018) 1 of 1
Size (of disclosed) 9 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-05 Wexford Science & Technology - Life Science & Medical Real Estate

United States

Wexford Science & Technology - Life Science & Medical Real Estate portfolio includes 23 operating properties that contain 4.1 million square feet, are 97 percent leased and derive 73 percent of revenue from excellent credit tenants, including 11 universities with an average credit rating of Aa2, investment grade companies and public companies with an equity market capitalization exceeding $1 billion. It also includes two development assets encompassing approximately 400,000 square feet, that are nearly 60 percent pre-leased and affiliated with Duke University and Wake Forest University. The Company is also acquiring nine development sites principally contiguous to existing assets.

Buy $1.5B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-28 New Senior Investment Group

New York, New York, United States

New Senior Investment Group is a real estate investment trust with a diversified portfolio of senior housing properties located across the United States. New Senior is one of the largest owners of senior housing properties, with 103 properties across 36 states. New Senior Investment Group is based in New York, New York.

Buy $2.3B

Seller(S) 1

SELLER

Brookdale Senior Living

Brentwood, Tennessee, United States

Category Company
Founded 2005
Sector Consumer Services
Employees25,200
Revenue 3.0B USD (2023)
DESCRIPTION
Entrance to Brookdale's corporate headquarters in Brentwood, Tennessee.
Entrance to Brookdale's corporate headquarters in Brentwood, Tennessee.

Brookdale Senior Living is an operator of senior living communities. The Company also provides outpatient therapy, home health, personalized living and hospice services. Brookdale Senior Living was founded in 2005 and is based in Brentwood, Tennessee.


DEAL STATS #
Overall 1 of 2
Sector (Real Estate) 1 of 1
Type (Divestiture) 1 of 2
State (Tennessee) 1 of 2
Country (United States) 1 of 2
Year (2018) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-21 Emeritus

Seattle, Washington, United States

Emeritus Corporation is an operator of assisted living facilities in the United States, with 135 managed properties in 29 states. The assisted living industry provides living facilities for elderly people who require assistance with such activities of daily living as bathing, dressing, and taking medication, but who do not require the more expensive attention of a nursing home or hospital. Emeritus is based in Seattle, Washington.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-24 Brookdale Health Care Services

Brentwood, Tennessee, United States

Brookdale Health Care Services with 98% of its home health agencies earning a 4 or better Quality Star Rating from Centers for Medicare and Medicaid Services in December 2020, is focused on delivering essential home health, hospice, and outpatient therapy services to seniors, both those residing in Brookdale's communities and patients in their own homes. BHS operates 57 home health agencies and 22 hospice agencies across 26 states, along with 84 outpatient therapy locations.

Sell $500M