Ventas $1.5 billion acquisition of real estate assets from Wexford Science & Technology

5/7/2016

Public acquisition

Value:

$ 1.5 billion

Status:

Completed

Date:

5/7/2016

Overview:

REIT Ventas has acquired $1.5 billion in real estate assets from Wexford Science & Technology.
The assets consist of 23 properties, and include academic medical centers in the US leased by universities, such as Yale and University of Pennsylvania.
The seller was private equity firm Blackstone, who recently purchased real estate assets from Hines REIT.

Kurt Stumpo - Journalist

Jurisdiction:

United States

Deal type:

Public acquisition

Practice area:

M&A

Governing law:

United States

Industry sector:

Real estate

Firms:

Kirkland & Ellis

Party: Ventas (Acquirer)

Lawyer: Edward Schneidman

Simpson Thacher & Bartlett

Party: Blackstone (Seller)

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