Ventas, Inc. (NYSE: VTR) ("Ventas" or the "Company") announced today
that it has agreed to sell 5,200,000 shares of its common stock to
Citigroup, as sole underwriter, in an underwritten public offering. The
Company has also granted Citigroup a 30-day option to purchase up to an
additional 780,000 shares of common stock to cover overallotments, if
any. The last reported sales price of the Company's common stock on the
New York Stock Exchange on May 31, 2012 was $58.82.
The Company intends
to use the net proceeds to repay indebtedness outstanding under its
revolving credit facility and for working capital and other general
corporate purposes, including to fund future acquisitions or
investments, if any. Completion of the offering is subject to customary
closing conditions.