EXHIBIT 99.3
VENTAS REALTY, LIMITED PARTNERSHIP
VENTAS CAPITAL CORPORATION
Offer to Exchange
Up to $175,000,000 in principal amount of
83/4% Senior Notes due 2009
for
$175,000,000 in principal amount of
83/4% Senior Notes due 2009
Unconditionally Guaranteed by
Ventas, Inc. and Ventas LP Realty, L.L.C.
issued and sold in a transaction exempt from registration
under the Securities Act of 1933, as amended
To Our Clients:
Enclosed for your consideration is a Prospectus dated , 2002 (as the
same may be amended or supplemented from time to time, the "Prospectus") and a
form of Letter of Transmittal (the "Letter of Transmittal") relating to the
offer (the "Exchange Offer") by Ventas Realty, Limited Partnership and Ventas
Capital Corporation (together, the "Issuers") and Ventas, Inc. and Ventas LP
Realty, L.L.C. (together, the "Guarantors") to exchange up to $175,000,000 in
principal amount of the Issuers' 83/4% Senior Notes due 2009 (the "New Notes")
for the Issuers' $175,000,000 in principal amount of 83/4% Senior Notes due
2009, issued and sold in a transaction exempt from registration under the
Securities Act of 1933, as amended (the "Original Notes").
The material is being forwarded to you as the beneficial owner of Original
Notes carried by us for your account or benefit but not registered in your
name. A tender of any Original Notes may be made only by us as the registered
holder and pursuant to your instructions. Therefore, the Issuers and the
Guarantors urge beneficial owners of Original Notes registered in the name of a
broker, dealer, commercial bank, trust company or other nominee to contact such
registered holder promptly if they wish to tender Original Notes in the
Exchange Offer.
Accordingly, we request instructions as to whether you wish us to tender any
or all Original Notes, pursuant to the terms and conditions set forth in the
Prospectus and Letter of Transmittal. We urge you to read carefully the
Prospectus and Letter of Transmittal before instructing us to tender your
Original Notes.
Your instructions to us should be forwarded as promptly as possible in order
to permit us to tender Original Notes on your behalf in accordance with the
provisions of the Exchange Offer. The Exchange Offer will expire at 5:00 p.m.,
Eastern Standard Time, on , , 2002 unless extended (the "Expiration
Date"). Original Notes tendered pursuant to the Exchange Offer may be
withdrawn, subject to the procedures described in the Prospectus, at any time
prior to the Expiration Date.
If you wish to have us tender any or all of your Original Notes held by us
for your account or benefit, please so instruct us by completing, executing and
returning to us the instruction form that appears below. The accompanying
Letter of Transmittal is furnished to you for informational purposes only and
may not be used by you to tender Original Notes held by us and registered in
our name for your account or benefit.
INSTRUCTIONS
The undersigned acknowledge(s) receipt of your letter and the enclosed
material referred to therein relating to the Exchange Offer of the Issuers and
the Guarantors.
This will instruct you to tender the principal amount of Original Notes
indicated below held by you for the account or benefit of the undersigned,
pursuant to the terms of and conditions set forth in the Prospectus and the
Letter of Transmittal.
Box 1 [_] Please tender my Original Notes held by you for my account or
benefit. I have identified on a signed schedule attached hereto the
principal amount of Original Notes to be tendered if I wish to tender
less than all of my Original Notes.
Box 2 [_] Please do not tender any Original Notes held by you for my account or
benefit.
Date: , 2002
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Signature(s)
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Please print name(s) here
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Unless a specific contrary instruction is given in a signed Schedule
attached hereto, your signature(s) hereon shall constitute an instruction to us
to tender all of your Original Notes.
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