Ventas Inc
For the period ended Dec 31, 2023. Filed Feb 15, 2024.
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FY2023 · Filed Feb 15, 2024
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Item 2. Properties
Senior Housing and Other Properties
As of December 31, 2023, we owned or had investments in approximately 1,400 properties (including properties classified as held for sale), consisting of senior housing communities, outpatient medical buildings, research centers, hospitals and other healthcare facilities. We believe that maintaining a balanced portfolio of high-quality assets that are unified in serving the large and growing aging population and curated across geographic location, asset type, tenant/operator, revenue source and operating model makes us less susceptible to single-state regulatory or reimbursement changes, regional climate events and local economic downturns and diminishes the risk that any single factor or event could materially harm our business.
As of December 31, 2023, we had $3.2 billion aggregate principal amount of mortgage loan indebtedness outstanding, secured by 140 of our properties. Excluding the portion of such indebtedness attributable to our joint venture partners, our share of mortgage loan indebtedness outstanding was $2.9 billion.
The following table provides additional information regarding the geographic diversification of our consolidated portfolio of properties as of December 31, 2023 (excluding properties owned through investments in unconsolidated real estate entities and properties classified as held for sale):
| Senior HousingCommunities · SNFs · Outpatient Medical Buildings · Research Centers · IRFs and LTACs · Other Healthcare Facilities | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Geographic Location | # ofProperties | Units | # of Properties | Licensed Beds | # of Properties | Square Feet (1) | # of Properties | Square Feet (1) | # of Properties | Licensed Beds | # of Properties | Licensed Beds |
| Alabama | — | — | 1 | 120 | 6 | 616 | — | — | — | — | — | — |
| Arkansas | 5 | 414 | — | — | 1 | 10 | — | — | — | — | — | — |
| Arizona | 27 | 2,351 | — | — | 14 | 880 | — | — | 1 | 60 | — | — |
| California | 79 | 8,864 | — | — | 28 | 2,150 | — | — | 5 | 455 | — | — |
| Colorado | 20 | 1,963 | 1 | 82 | 17 | 885 | — | — | 1 | 68 | — | — |
| Connecticut | 13 | 1,668 | — | — | — | — | — | — | — | — | — | — |
| District of Columbia | — | — | — | — | 2 | 102 | — | — | — | — | — | — |
| Florida | 44 | 4,017 | — | — | 14 | 342 | 1 | 252 | 6 | 508 | — | — |
| Georgia | 18 | 1,678 | 6 | 819 | 18 | 1,255 | — | — | 1 | 42 | — | — |
| Hawaii | 1 | 123 | — | — | 1 | 23 | — | — | — | — | — | — |
| Iowa | 2 | 215 | — | — | — | — | — | — | — | — | — | — |
| Idaho | 1 | 70 | — | — | 1 | 76 | — | — | — | — | — | — |
| Illinois | 32 | 3,593 | 1 | 82 | 41 | 1,743 | 1 | 129 | 4 | 430 | — | — |
| Indiana | 5 | 462 | — | — | 41 | 2,267 | — | — | 1 | 59 | — | — |
| Kansas | 11 | 871 | — | — | 2 | 115 | — | — | — | — | — | — |
| Kentucky | 5 | 524 | — | — | 2 | 73 | — | — | 1 | 384 | — | — |
| Louisiana | 3 | 281 | 1 | 227 | 8 | 454 | — | — | 1 | 32 | — | — |
| Massachusetts | 18 | 2,142 | 2 | 181 | — | — | — | — | — | — | — | — |
| Maryland | 4 | 282 | — | — | 2 | 83 | 3 | 320 | — | — | — | — |
| Maine | 6 | 517 | — | — | — | — | — | — | — | — | — | — |
| Michigan | 21 | 1,420 | — | — | 16 | 726 | — | — | — | — | — | — |
| Minnesota | 14 | 856 | — | — | 5 | 193 | — | — | — | — | — | — |
| Missouri | 5 | 474 | — | — | 19 | 1,076 | 5 | 818 | 4 | 159 | — | — |
| Mississippi | 1 | 94 | — | — | 1 | 51 | — | — | — | — | — | — |
| Montana | 5 | 464 | — | — | — | — | — | — | — | — | — | — |
| North Carolina | 36 | 3,049 | — | — | 15 | 675 | 9 | 1,302 | 1 | 124 | — | — |
| North Dakota | 2 | 115 | — | — | 1 | 114 | — | — | — | — | — | — |
| Nebraska | 2 | 252 | — | — | — | — | — | — | — | — | — | — |
| New Hampshire | 2 | 242 | — | — | — | — | — | — | — | — | — | — |
| New Jersey | 12 | 1,137 | 1 | 153 | 3 | 37 | — | — | — | — | — | — |
| New Mexico | 4 | 451 | — | — | 3 | 53 | — | — | 2 | 123 | 4 | 544 |
| Nevada | 5 | 621 | — | — | 5 | 416 | — | — | 1 | 52 | — | — |
| New York | 38 | 4,403 | — | — | 4 | 244 | — | — | — | — | — | — |
| Ohio | 28 | 2,492 | — | — | 17 | 643 | — | — | 1 | 50 | — | — |
| Oklahoma | 8 | 556 | — | — | 1 | 80 | — | — | 1 | 41 | 4 | 954 |
| Oregon | 35 | 3,105 | 6 | 360 | 1 | 105 | — | — | — | — | — | — |
| Pennsylvania | 32 | 2,521 | 12 | 2,526 | 8 | 613 | 6 | 1,071 | 1 | 52 | — | — |
| Rhode Island | 4 | 399 | — | — | — | — | 3 | 444 | — | — | — | — |
| South Carolina | 5 | 469 | — | — | 22 | 1,183 | — | — | — | — | — | — |
| South Dakota | 5 | 295 | — | — | — | — | — | — | — | — | — | — |
| Tennessee | 14 | 1,035 | 2 | 205 | 7 | 305 | — | — | 1 | 49 | — | — |
| Texas | 52 | 4,564 | — | — | 49 | 2,107 | — | — | 9 | 617 | 2 | 445 |
| Utah | 6 | 662 | — | — | — | — | — | — | 1 | 41 | — | — |
| Virginia | 10 | 928 | — | — | 5 | 231 | 1 | 262 | — | — | — | — |
| Washington | 20 | 2,114 | 7 | 636 | 10 | 579 | — | — | — | — | — | — |
| Wisconsin | 45 | 2,419 | — | — | 15 | 745 | — | — | — | — | — | — |
| West Virginia | 2 | 123 | 4 | 326 | — | — | — | — | — | — | — | — |
| Wyoming | 2 | 169 | — | — | — | — | — | — | — | — | — | — |
| Total U.S. | 709 | 65,464 | 44 | 5,717 | 405 | 21,248 | 29 | 4,598 | 43 | 3,346 | 10 | 1,943 |
| Canada | 83 | 15,822 | — | — | — | — | — | — | — | — | — | — |
| United Kingdom | 12 | 776 | — | — | — | — | — | — | — | — | 3 | 121 |
| Total | 804 | 82,062 | 44 | 5,717 | 405 | 21,248 | 29 | 4,598 | 43 | 3,346 | 13 | 2,064 |
(1)Square Feet are in thousands. Totals may not foot due to rounding.
Corporate Offices
Our headquarters are located in Chicago, Illinois and we have additional corporate offices in Louisville, Kentucky and New York, New York. We lease all of our corporate offices.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.