Ventas to offer 5.5M shares in secondary offering

By Ameet Sachdev
Posted Feb. 1 at 8:03 a.m.

Ventas Inc., a Chicago-based real estate investment trust, plans to offer 5.5 million shares in a public offering to raise money to repay existing mortgage debt and for other purposes, the company said Tuesday.

Ventas said UBS Investment Bank has agreed to buy the shares and will be the sole underwriter.

The company’s stock closed Monday at $55.46 on the New York Stock Exchange and has been trading above its moving averages. Ventas has a portfolio of senior housing and health care properties in the U.S. and Canada.

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