Seth Berger's questions to Ventas Inc (VTR) leadership • Q1 2025
Question
Seth Berger from Citi inquired if Ventas would consider acquiring lower-class or value-add assets to leverage its operating platform and drive higher yields, as opposed to focusing on newer, well-positioned properties.
Answer
CEO Debra A. Cafaro confirmed that Ventas is eager to deploy capital across a broad-based aperture of investment profiles. She emphasized that the key criteria are achieving compelling risk-adjusted returns, targeting low to mid-teens unlevered IRRs, and acquiring below replacement cost, regardless of whether an asset is lower or higher occupied.