Exhibit 99.2
Third Quarter 2008 Supplemental Data
Eastside Physicians Plaza - Atlanta, GA
All amounts shown in this report are unaudited and in U.S. dollars unless otherwise noted.
Ventas, Inc.
Third Quarter 2008 Supplemental Data
Debt Maturities1
| • | Ventas holds cash and short-term cash investments of approximately $106 million and has $623 million of undrawn borrowing capacity available under its credit facilities. |
1 | Dollars in millions; data as of November 4, 2008 and excludes normal monthly principal amortization. |
The Company’s joint venture partners’ pro rata share of total maturities is approximately $135.7 million.
Ventas has the ability and intention to extend certain mortgage loans until 2010.
1
Ventas, Inc.
Third Quarter 2008 Supplemental Data
Owned Portfolio - Overview by Type (Dollars in Millions):1
Property | Number of Properties | Number of Beds/ Units/Square Feet | Number of States/ Provinces | Ventas Investment | Cash Flow Coverage | Occupancy2 | Annualized NNN Revenue3 | Annualized Operating Property Revenue3 | Total Annualized Revenue3 | Annualized NNN NOI3 | Annualized Operating Property NOI3 | Total Annualized NOI3 | |||||||||||||||||||||||||||||
Hospital - Stabilized Triple-Net | 41 | 3,815 | Beds | 17 | $ | 365 | 2.6 | x | 62 | % | $ | 94 | $ | 0 | $ | 94 | $ | 94 | $ | 0 | $ | 94 | |||||||||||||||||||
Skilled Nursing - Stabilized Triple-Net | 192 | 23,510 | Beds | 28 | 827 | 2.0 | x | 89 | % | 177 | 0 | 177 | 177 | 0 | 177 | ||||||||||||||||||||||||||
Seniors Housing - Triple-Net | 174 | 17,533 | Units | 31 | 2,357 | 1.3 | x | 87 | % | 201 | 0 | 201 | 201 | 0 | 201 | ||||||||||||||||||||||||||
Seniors Housing - Operating | 79 | 6,513 | Units | 21 | 2,033 | N/A | 91 | % | 0 | 370 | 370 | 0 | 120 | 120 | |||||||||||||||||||||||||||
Medical Office - Stabilized | 20 | 1,096,169 | Square Feet | 10 | 226 | N/A | 96 | % | 1 | 26 | 26 | 1 | 17 | 18 | |||||||||||||||||||||||||||
Medical Office - Lease-Up | 2 | 181,952 | Square Feet | 2 | 42 | N/A | 58 | % | 0 | 3 | 3 | 0 | 2 | 2 | |||||||||||||||||||||||||||
Other - Stabilized Triple-Net | 8 | 122 | Beds | 1 | 7 | 4.9 | x | N/A | 1 | 0 | 1 | 1 | 0 | 1 | |||||||||||||||||||||||||||
Total | 516 | 45 | $ | 5,857 | 1.8 | x | $ | 474 | $ | 399 | $ | 873 | $ | 474 | $ | 139 | $ | 613 | |||||||||||||||||||||||
| 54 | % | 46 | % | 100 | % | 77 | % | 23 | % | 100 | % | ||||||||||||||||||||||||||||||
Loan Portfolio - Overview by Investment (Dollars in Millions):1
Borrower | Original Investment | Outstanding Principal | Secured/ Unsecured | Borrower/ Asset Type | Effective Interest Rate | Annualized Revenue3 | ||||||||||
Manor Care | $ | 99 | $ | 113 | Secured | SNF/ALF | L + 533 | $ | 6 | |||||||
HCA | 45 | 50 | Unsecured | Hospital | 9.2 | % | 4 | |||||||||
Other - Secured4 | 21 | 14 | Secured | ALF | 9.0 | % | 0 | |||||||||
Other - Unsecured | 19 | 20 | Unsecured | Hospital | 9.5 | % | 2 | |||||||||
Total | $ | 184 | $ | 197 | $ | 12 | ||||||||||
Owned Portfolio - Overview by State/Province:1
| Totals | Hospital | Skilled Nursing | Seniors Housing | Medical Office | Other | ||||||||||||||||||||
State/Province | No. | % | No. | Beds | No. | Beds | No. | Units | No. | Sq. Feet | No. | Beds | |||||||||||||
California | 41 | 8 | % | 5 | 417 | 9 | 1,132 | 27 | 3,324 | — | — | — | — | ||||||||||||
Massachusetts | 38 | 7 | % | 2 | 109 | 26 | 2,712 | 10 | 1,259 | — | — | — | — | ||||||||||||
Pennsylvania | 35 | 7 | % | 2 | 115 | 6 | 797 | 25 | 1,649 | 2 | 111,671 | — | — | ||||||||||||
Ohio | 31 | 6 | % | — | — | 12 | 1,643 | 17 | 1,237 | 2 | 143,567 | — | — | ||||||||||||
Kentucky | 31 | 6 | % | 3 | 760 | 27 | 3,066 | — | — | 1 | 50,000 | — | — | ||||||||||||
Florida | 28 | 5 | % | 6 | 511 | — | — | 16 | 1,628 | 6 | 206,641 | — | — | ||||||||||||
Indiana | 23 | 4 | % | 1 | 59 | 13 | 1,883 | 9 | 1,001 | — | — | — | — | ||||||||||||
North Carolina | 23 | 4 | % | 1 | 124 | 16 | 1,836 | 6 | 438 | — | — | — | — | ||||||||||||
Illinois | 21 | 4 | % | 4 | 431 | — | — | 17 | 2,637 | — | — | — | — | ||||||||||||
Texas | 21 | 4 | % | 7 | 496 | — | — | 3 | 262 | 3 | 78,622 | 8 | 122 | ||||||||||||
All Other | 224 | 43 | % | 10 | 793 | 83 | 10,441 | 123 | 10,611 | 8 | 687,620 | — | — | ||||||||||||
Total | 516 | 100 | % | 41 | 3,815 | 192 | 23,510 | 253 | 24,046 | 22 | 1,278,121 | 8 | 122 | ||||||||||||
1 | Totals may not add due to rounding. |
2 | Occupancy shown for Seniors Housing excludes communities in lease-up. Occupancy for triple-net properties is as of 2Q08 and occupancy for operating properties is as of 3Q08. |
3 | Annualized third quarter Ventas revenue/NOI assuming all events occurred at the beginning of the period.Revenue/NOI reflects Ventas’s portion only for joint venture assets. |
4 | Outstanding principal is the approximate carrying value. Effective interest rate is the stated contractual rate. |
2
Ventas, Inc.
Third Quarter 2008 Supplemental Data
Owned and Loan Portfolio - Property Type Concentration (Dollars in Millions):1
Investment Type | Owned Property Count | Ventas Investment | % | Annualized Rent/ Revenue2 | % | Annualized Rent/NOI2 | % | |||||||||||||
Seniors Housing | 253 | 4,390 | 73 | % | $ | 571 | 65 | % | $ | 321 | 51 | % | ||||||||
Skilled Nursing | 192 | 827 | 14 | % | 177 | 20 | % | 177 | 28 | % | ||||||||||
Hospitals | 41 | 365 | 6 | % | 94 | 11 | % | 94 | 15 | % | ||||||||||
Medical Office | 22 | 268 | 4 | % | 29 | 3 | % | 20 | 3 | % | ||||||||||
Other | 8 | 7 | NM | 1 | NM | 1 | NM | |||||||||||||
Loans | N/A | 197 | 3 | % | 12 | 1 | % | 12 | 2 | % | ||||||||||
Total | 516 | $ | 6,054 | 100 | % | $ | 885 | 100 | % | $ | 625 | 100 | % | |||||||
Owned and Loan Portfolio - Operator Concentration (Dollars in Millions):1
Operator/Manager | Owned Property Count | Ventas Investment | % | Annualized Rent/ Revenue2 | % | Annualized Rent/NOI2 | % | |||||||||||||
Sunrise Senior Living | 79 | $ | 2,033 | 34 | % | $ | 370 | 42 | % | $ | 120 | 19 | % | |||||||
Brookdale Senior Living | 83 | 1,393 | 23 | % | 122 | 14 | % | 122 | 19 | % | ||||||||||
Kindred Healthcare | 203 | 935 | 15 | % | 243 | 27 | % | 243 | 39 | % | ||||||||||
Senior Care | 66 | 625 | 10 | % | 50 | 6 | % | 50 | 8 | % | ||||||||||
Emeritus Senior Living | 16 | 196 | 3 | % | 19 | 2 | % | 19 | 3 | % | ||||||||||
Capital Senior Living | 11 | 158 | 3 | % | 13 | 1 | % | 13 | 2 | % | ||||||||||
Manor Care | N/A | 113 | 2 | % | 6 | 1 | % | 6 | 1 | % | ||||||||||
NexCore | 4 | 94 | 2 | % | 11 | 1 | % | 8 | 1 | % | ||||||||||
Formation | 11 | 88 | 1 | % | 9 | 1 | % | 9 | 1 | % | ||||||||||
Benchmark Assisted Living | 4 | 55 | 1 | % | 5 | 1 | % | 5 | 1 | % | ||||||||||
Assisted Living Concepts | 8 | 50 | 1 | % | 5 | 1 | % | 5 | 1 | % | ||||||||||
Greenfield | 7 | 50 | 1 | % | 5 | 1 | % | 3 | 1 | % | ||||||||||
HCA | N/A | 50 | 1 | % | 4 | NM | 4 | 1 | % | |||||||||||
All Other | 24 | 215 | 4 | % | 23 | 3 | % | 18 | 3 | % | ||||||||||
Total | 516 | $ | 6,054 | 100 | % | $ | 885 | 100 | % | $ | 625 | 100 | % | |||||||
Owned Portfolio - State/Province Concentration (Dollars in Millions):1
State/Province | Owned Property Count | Annualized Rent/ Revenue2 | % | Annualized Rent/NOI2 | % | |||||||||
California | 41 | $ | 113 | 13 | % | $ | 81 | 13 | % | |||||
Illinois | 21 | 91 | 10 | % | 68 | 11 | % | |||||||
Massachusetts | 38 | 53 | 6 | % | 47 | 8 | % | |||||||
Ontario | 9 | 52 | 6 | % | 13 | 2 | % | |||||||
Pennsylvania | 35 | 46 | 5 | % | 25 | 4 | % | |||||||
New Jersey | 11 | 38 | 4 | % | 15 | 2 | % | |||||||
Florida | 28 | 38 | 4 | % | 36 | 6 | % | |||||||
Georgia | 16 | 31 | 4 | % | 18 | 3 | % | |||||||
Colorado | 14 | 31 | 4 | % | 17 | 3 | % | |||||||
New York | 14 | 29 | 3 | % | 19 | 3 | % | |||||||
All Other | 289 | 351 | 40 | % | 275 | 45 | % | |||||||
Total | 516 | $ | 873 | 100 | % | $ | 613 | 100 | % | |||||
1 | Totals may not add due to rounding. NM = not material. |
2 | Annualized third quarter Ventas revenue/NOI assuming all events occurred at the beginning of the period. Operating asset revenue/NOI reflects Ventas’s portion only for joint venture assets. |
3
Ventas, Inc.
Third Quarter 2008 Supplemental Data
Owned and Loan Portfolio - Property Type Concentration (Dollars in Millions):1
Owned and Loan Portfolio - Operator Concentration (Dollars in Millions):1
1 | Annualized third quarter Ventas revenue/NOI assuming all events occurred at the beginning of the period. Operating asset revenue/NOI reflects Ventas’s portion only for joint venture assets. |
4
Ventas, Inc.
Third Quarter 2008 Supplemental Data
Same-Store Triple-Net Portfolio Trend Data for Properties Owned for the Full 2nd Quarter of 2008 & 2007:1,2
| Sequential Quarter Comparison | Year-Over-Year Comparison | |||||||||||||||||||||||||
Property Type | Number of Properties | 2Q08 Cash Flow Coverage | 1Q08 Cash Flow Coverage | 2Q08 Occupancy | 1Q08 Occupancy | 2Q08 Cash Flow Coverage | 2Q07 Cash Flow Coverage | 2Q08 Occupancy | 2Q07 Occupancy | |||||||||||||||||
Hospitals | 41 | 2.6 | x | 2.7 | x | 62 | % | 64 | % | 2.6 | x | 2.9 | x | 62 | % | 61 | % | |||||||||
Skilled Nursing | 192 | 2.0 | x | 1.9 | x | 89 | % | 89 | % | 2.0 | x | 1.8 | x | 89 | % | 88 | % | |||||||||
Seniors Housing | 171 | 1.3 | x | 1.3 | x | 87 | % | 88 | % | 1.3 | x | 1.3 | x | 87 | % | 89 | % | |||||||||
Other | 8 | 4.9 | x | 4.7 | x | N/A | N/A | 4.9 | x | 4.0 | x | N/A | N/A | |||||||||||||
Total | 412 | 1.8 | x | 1.8 | x | 1.8 | x | 1.8 | x | |||||||||||||||||
Same-Store Triple-Net Portfolio Trend Data for Properties Owned for the Full 1st and 2nd Quarter of 2008:1,2
| Sequential Quarter Comparison | ||||||||||||||
Property Type | Number of Properties | 2Q08 Cash Flow Coverage | 1Q08 Cash Flow Coverage | 2Q08 Occupancy | 1Q08 Occupancy | |||||||||
Hospitals | 41 | 2.6 | x | 2.7 | x | 62 | % | 64 | % | |||||
Skilled Nursing | 192 | 2.0 | x | 1.9 | x | 89 | % | 89 | % | |||||
Seniors Housing | 173 | 1.3 | x | 1.3 | x | 87 | % | 88 | % | |||||
Other | 8 | 4.9 | x | 4.7 | x | N/A | N/A | |||||||
Total | 414 | 1.8 | x | 1.8 | x | |||||||||
1 | Second quarter is most recent quarter available. |
2 | Cash flow coverages are for trailing-twelve months or annualized where the Company’s ownership is for a shorter period. |
5
Ventas, Inc.
Third Quarter 2008 Supplemental Data
Medical Office Operating Portfolio Statistics:1
| Year-Over-Year Comparison | ||||||||||||||||||||||||
| Stabilized | Same-Store Stabilized2,3 | Lease-Up | ||||||||||||||||||||||
| 3Q08 | 3Q07 | 3Q08 | 3Q07 | 3Q08 | 3Q07 | |||||||||||||||||||
Number of properties: | 17 | 10 | 10 | 10 | 2 | 1 | ||||||||||||||||||
Number of square feet: | 1,034,633 | 391,287 | 390,689 | 391,287 | 181,952 | 81,286 | ||||||||||||||||||
Average occupancy: | 96 | % | 96 | % | 93 | % | 96 | % | 58 | % | 50 | % | ||||||||||||
Average annual rate per square foot: | $ | 27 | $ | 28 | $ | 27 | $ | 28 | $ | 26 | $ | 23 | ||||||||||||
Operating revenue: | $ | 6.2 | $ | 2.6 | $ | 2.6 | $ | 2.6 | $ | 0.8 | $ | 0.3 | ||||||||||||
Less expenses: | 1.9 | 1.2 | 1.1 | 1.2 | 0.4 | 0.1 | ||||||||||||||||||
Total NOI: | 4.3 | 1.4 | 1.5 | 1.4 | 0.4 | 0.1 | ||||||||||||||||||
Less Company’s partner’s share: | 0.4 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | ||||||||||||||||||
Ventas NOI: | $ | 3.9 | $ | 1.4 | $ | 1.5 | $ | 1.4 | $ | 0.4 | $ | 0.1 | ||||||||||||
| Sequential Quarter Comparison | ||||||||||||||||||||||||
| Stabilized | Same-Store Stabilized2,3 | Lease-Up | ||||||||||||||||||||||
| 3Q08 | 2Q08 | 3Q08 | 2Q08 | 3Q08 | 2Q08 | |||||||||||||||||||
Number of properties: | 17 | 14 | 14 | 14 | 2 | 3 | ||||||||||||||||||
Number of square feet: | 1,034,633 | 779,573 | 779,573 | 779,573 | 181,952 | 260,884 | ||||||||||||||||||
Average occupancy: | 96 | % | 95 | % | 95 | % | 95 | % | 58 | % | 59 | % | ||||||||||||
Average annual rate per square foot: | $ | 27 | $ | 28 | $ | 26 | $ | 28 | $ | 26 | $ | 29 | ||||||||||||
Operating revenue: | $ | 6.2 | $ | 5.3 | $ | 5.0 | $ | 5.3 | $ | 0.8 | $ | 0.9 | ||||||||||||
Less expenses: | 1.9 | 2.1 | 1.7 | 2.1 | 0.4 | 0.5 | ||||||||||||||||||
Total NOI: | 4.3 | 3.3 | 3.3 | 3.3 | 0.4 | 0.4 | ||||||||||||||||||
Less Company’s partner’s share: | 0.4 | 0.1 | 0.0 | 0.1 | 0.0 | 0.2 | ||||||||||||||||||
Ventas NOI: | $ | 3.9 | $ | 3.2 | $ | 3.3 | $ | 3.2 | $ | 0.4 | $ | 0.2 | ||||||||||||
1 | Dollars in millions except for rate data. Totals may not add due to rounding. |
2 | Includes only those MOBs owned for the full period. |
3 | Includes only those MOBs owned in both comparison periods. |
6
Ventas, Inc.
Third Quarter 2008 Supplemental Data
Seniors Housing Operating Portfolio Statistics:1
| Year-Over-Year Comparison | ||||||||||||||||||||||||
| Stabilized | Same-Store Stabilized2 | Lease-Up | ||||||||||||||||||||||
| 3Q08 | 3Q07 | 3Q08 | 3Q07 | 3Q08 | 3Q07 | |||||||||||||||||||
Number of properties: | 76 | 72 | 72 | 72 | 3 | 6 | ||||||||||||||||||
Number of units: | 6,141 | 5,831 | 5,831 | 5,831 | 372 | 453 | ||||||||||||||||||
Resident day capacity: | 668,656 | 633,972 | 633,972 | 633,972 | 39,468 | 50,600 | ||||||||||||||||||
Average resident occupancy: | 91 | % | 93 | % | 92 | % | 93 | % | 59 | % | 61 | % | ||||||||||||
Average daily rate / resident fees: | $ | 171 | $ | 167 | $ | 172 | $ | 167 | $ | 160 | $ | 169 | ||||||||||||
Operating revenue: | $ | 104.9 | $ | 98.7 | $ | 100.0 | $ | 98.7 | $ | 3.7 | $ | 5.2 | ||||||||||||
Less expenses: | 69.9 | 65.7 | 66.8 | 65.7 | 3.5 | 4.2 | ||||||||||||||||||
Total NOI: | 34.9 | 33.0 | 33.3 | 33.0 | 0.3 | 1.0 | ||||||||||||||||||
Less Company’s partner’s share: | 5.1 | 4.7 | 4.8 | 4.7 | 0.1 | 0.2 | ||||||||||||||||||
Ventas NOI: | $ | 29.8 | $ | 28.3 | $ | 28.5 | $ | 28.3 | $ | 0.2 | $ | 0.8 | ||||||||||||
| Sequential Quarter Comparison | ||||||||||||||||||||||||
| Stabilized | Same-Store Stabilized2 | Lease-Up | ||||||||||||||||||||||
| 3Q08 | 2Q08 | 3Q08 | 2Q08 | 3Q08 | 2Q08 | |||||||||||||||||||
Number of properties: | 76 | 74 | 72 | 72 | 3 | 5 | ||||||||||||||||||
Number of units: | 6,141 | 5,984 | 5,831 | 5,831 | 372 | 529 | ||||||||||||||||||
Resident day capacity: | 668,656 | 643,643 | 633,972 | 627,081 | 39,468 | 56,784 | ||||||||||||||||||
Average resident occupancy: | 91 | % | 91 | % | 92 | % | 91 | % | 59 | % | 63 | % | ||||||||||||
Average daily rate / resident fees: | $ | 171 | $ | 173 | $ | 172 | $ | 173 | $ | 160 | $ | 162 | ||||||||||||
Operating revenue: | $ | 104.9 | $ | 101.5 | $ | 100.0 | $ | 98.9 | $ | 3.7 | $ | 5.8 | ||||||||||||
Less expenses: | 69.9 | 64.7 | 66.8 | 63.0 | 3.5 | 4.6 | ||||||||||||||||||
Total NOI: | 34.9 | 36.8 | 33.3 | 35.9 | 0.3 | 1.2 | ||||||||||||||||||
Less Company’s partner’s share: | 5.1 | 4.7 | 4.8 | 4.5 | 0.1 | 0.2 | ||||||||||||||||||
Ventas NOI: | $ | 29.8 | $ | 32.1 | $ | 28.5 | $ | 31.4 | $ | 0.2 | $ | 1.0 | ||||||||||||
1 | Dollars in millions except for rate data. Totals may not add due to rounding. |
2 | Includes only those communities stabilized in both comparison periods. |
7
Ventas, Inc.
Third Quarter 2008 Supplemental Data
Kindred Healthcare Same-Store TTM EBITDARM Coverage Ratios:1
| Number of Properties | Sequential Quarter Comparison | Year-Over-Year Comparison | ||||||||||||
Ventas - Kindred Master Lease | 2Q08 | 1Q08 | 2Q08 | 2Q07 | ||||||||||
1 | 83 | 2.4 | x | 2.4 | x | 2.4 | x | 2.2 | x | |||||
2 | 41 | 2.1 | x | 2.1 | x | 2.1 | x | 2.2 | x | |||||
3 | 38 | 1.9 | x | 1.8 | x | 1.9 | x | 1.9 | x | |||||
4 | 41 | 2.3 | x | 2.4 | x | 2.3 | x | 2.3 | x | |||||
Total | 203 | 2.2 | x | 2.2 | x | 2.2 | x | 2.2 | x | |||||
Property Type | Number of Properties | 2Q08 | 1Q08 | 2Q08 | 2Q07 | |||||||||
Hospitals | 38 | 2.7 | x | 2.8 | x | 2.7 | x | 2.9 | x | |||||
Skilled Nursing Facilities | 165 | 2.0 | x | 1.9 | x | 2.0 | x | 1.8 | x | |||||
Total | 203 | 2.2 | x | 2.2 | x | 2.2 | x | 2.2 | x | |||||
1 | Coverage reflects the ratio of Kindred’s EBITDARM to rent. EBITDARM is defined as earnings before interest, income taxes, depreciation, amortization, rent and management fees. In the calculation of trailing twelve months EBITDARM, intercompany profit pertaining to services provided by Kindred’s PeopleFirst Rehabilitation and Pharmacy Divisions has been eliminated from purchased ancillary expenses within the Ventas portfolio. Second quarter is most recent quarter available. |
8
Ventas, Inc.
Third Quarter 2008 Supplemental Data
Triple-Net and Operating Portfolio Revenue Rollover Schedule Excluding Sunrise Operating Communities:1
| Lease Rollover Year | |||||||||||||||||||||
| Totals | 2008 | 2009 | 2010 | 2011 | 2012 | Thereafter | |||||||||||||||
Hospital - Stabilized Triple-Net: | |||||||||||||||||||||
Annualized Revenue | $ | 94.4 | — | — | $ | 43.5 | — | — | $ | 50.9 | |||||||||||
Skilled Nursing - Stabilized Triple-Net: | |||||||||||||||||||||
Annualized Revenue | $ | 176.9 | — | — | $ | 81.5 | — | $ | 1.4 | $ | 94.0 | ||||||||||
Seniors Housing - Stabilized Triple-Net: | |||||||||||||||||||||
Annualized Revenue | $ | 201.3 | — | — | — | — | $ | 2.7 | $ | 198.6 | |||||||||||
Medical Office - Stabilized: | |||||||||||||||||||||
Annualized Revenue2 | $ | 27.9 | $ | 0.5 | $ | 2.8 | $ | 3.4 | $ | 3.4 | $ | 2.4 | $ | 15.4 | |||||||
Medical Office - Lease-Up: | |||||||||||||||||||||
Annualized Revenue2 | $ | 2.9 | — | — | — | $ | 0.1 | $ | 0.2 | $ | 2.6 | ||||||||||
Other - Stabilized Triple-Net: | |||||||||||||||||||||
Annualized Revenue | $ | 0.9 | — | — | $ | 0.9 | — | — | — | ||||||||||||
Total: | |||||||||||||||||||||
Annualized Revenue | $ | 504.3 | $ | 0.5 | $ | 2.8 | $ | 129.4 | $ | 3.5 | $ | 6.6 | $ | 361.6 | |||||||
1 | Annualized third quarter Ventas revenue assuming all events occurred at the beginning of the period. Dollars in millions. Totals may not add due to rounding. |
2 | Partner’s share has not been eliminated from revenue. |
9
Ventas, Inc.
Third Quarter 2008 Supplemental Data
Company Development Data:
Status | Property Name | Company Ownership % | MSA | Property Type | Number of | Actual/ Projected Opening Date | Ventas Estimated/ Actual Acquisition Date | Total Development Cost1 | Ventas Fixed Purchase Price (incl. FPAC)1 | Expected Stabilized Yield | |||||||||||||
In Lease-up | Sunrise of Scottsdale | 80 | % | Phoenix | AL/ALZ | 95 Residents / 79 Units / 60,000 SF | March 2007 | April 2007 | $ | 20.2 | $ | 17.0 | 9.5%-10.0% | ||||||||||
In Lease-up | Sunrise of Rocklin | 80 | % | Sacramento | AL/ALZ | 78 Residents / 64 Units / 48,000 SF | April 2007 | April 2007 | 18.6 | 15.7 | 8.25%-8.75% | ||||||||||||
In Lease-up | Sunrise of Thorne Mills on Steeles | 80 | % | Toronto | IL/AL/ALZ | 256 Residents /229 Units / 210,000 SF | September 2007 | December 2007 | 62.8 Cdn | 52.7 Cdn | 8.0%-8.5% | ||||||||||||
In Development | Bon Secours Greenville MOB2 | 95 | % | Greenville | MOB | 97,795 RSF | July 2009 | September 2008 | 25.0 | N/A | 7.8%-8.2% | ||||||||||||
In Development | Parker II MOB2 | 95 | % | Denver | MOB | 75,087 RSF | November 2009 | October 2008 | 20.0 | N/A | 7.5%-7.7% | ||||||||||||
To Be Acquired | Carroll MOB2 | 90 | % | Baltimore | MOB | 77,242 RSF | December 2009 | November 2011 | 21.0 | N/A | 8.0%-8.5% | ||||||||||||
1 | Dollars in millions. |
2 | Development cost is estimated cost to Ventas, subject to adjustments. |
10