EXHIBIT 99.2

                      VENTAS REALTY, LIMITED PARTNERSHIP
                          VENTAS CAPITAL CORPORATION

                                Exchange Offer
                              to holders of their
                         8 3/4% Senior Notes due 2009
                         Unconditionally Guaranteed by
                   Ventas, Inc. and Ventas LP Realty, L.L.C.

                         NOTICE OF GUARANTEED DELIVERY

   As set forth in the Prospectus dated      , 2002 (the "Prospectus") of
Ventas Realty, Limited Partnership and Ventas Capital Corporation (together,
"the "Issuers") and Ventas, Inc. and Ventas LP Realty, L.L.C. (together, the
"Guarantors") under "The Exchange Offer--How to Tender" and in the Letter of
Transmittal (the "Letter of Transmittal") relating to the offer by the Issuers
and the Guarantors to exchange up to $175,000,000 in principal amount of the
Issuers' 8 3/4% Senior Notes due 2009 (the "New Notes") for $175,000,000 in
principal amount of the Issuers' 8 3/4% Senior Notes due 2009, issued and sold
in a transaction exempt from registration under the Securities Act of 1933, as
amended (the "Original Notes"), this form or one substantially equivalent
hereto must be used to accept the offer of the Issuers and the Guarantors if:
(i) certificates for the Original Notes are not immediately available; or (ii)
time will not permit all required documents to reach the Exchange Agent (as
defined below) on or prior to the expiration date of the Exchange Offer (as
defined below and as described in the Prospectus). Such form may be delivered
by hand or transmitted by telegram, telex, facsimile transmission or letter to
the Exchange Agent.

   TO:  U.S. Bank National Association (the "Exchange Agent")

                                 By Facsimile:
                                (212) 514-6808

                             Confirm by Telephone:
                                (212) 361-2511

                       By Registered or Certified Mail:
                        U.S. Bank National Association
                            Corporate Trust Window
                          100 Wall Street, Suite 1600
                              New York, NY 10005
                            Attention: Donna Haynes

                       By Overnight Courier or By Hand:
                        U.S. Bank National Association
                            Corporate Trust Window
                          100 Wall Street, Suite 1600
                              New York, NY 10005
                            Attention: Donna Haynes

             Delivery of this instrument to an address other than
            as set forth above or transmittal of this instrument to
              a facsimile or telex number other than as set forth
                  above does not constitute a valid delivery.



   Ladies and Gentlemen:

   The undersigned hereby tenders to the Issuers and the Guarantors, upon the
terms and conditions set forth in the Prospectus and the Letter of Transmittal
(which together constitute the "Exchange Offer"), receipt of which are hereby
acknowledged, the principal amount at maturity of Original Notes set forth
below pursuant to the guaranteed delivery procedure described in the Prospectus
and the Letter of Transmittal.


                                                
                                                                       Sign Here

Principal Amount of Original Notes                 Signature(s) ____________________________________
Tendered ________________________________________
                                                   _________________________________________________

Certificate Nos. (if available)                    Please Print the Following Information
_________________________________________________
                                                   Name(s) _________________________________________
Total Principal Amount Represented
by Original Notes Certificate(s) ________________  _________________________________________________

Account Number __________________________________  Address _________________________________________

Date____________________ , 2002                    _________________________________________________

                                                   Area Code and Tel. No(s). _______________________

                                                   _________________________________________________


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                                   GUARANTEE

   The undersigned, a member of a recognized signature guarantee medallion
program within the meaning of Rule 17A(d)-15 under the Securities Exchange Act
of 1934, as amended, hereby guarantees that delivery to the Exchange Agent of
certificates tendered hereby, in proper form for transfer, or delivery of such
certificates pursuant to the procedure for book-entry transfer, in either case
with delivery of a properly completed and duly executed Letter of Transmittal
(or facsimile thereof) and any other required documents, is being made within
three trading days after the date of execution of a Notice of Guaranteed
Delivery of the above-named person.

                                              Name of Firm___________________

                                              Authorized Signature___________

                                              Number and Street or P.O. Box__

                                              _______________________________

                                              City__ State______ Zip Code____

                                              Area Code and Tel. No._________

Dated:          , 2002

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