of On we Thank welcome and to morning and Ventas Fourth Earnings all you, Year-end colleagues, my shareholders all Quarter XXXX participants. and Call. Sarah, want to of the our other you good to behalf
my are gratitude ground our Let past by expressing portfolio and every the demonstrated so developments the many and the deep me have over of and optimism, positive year day. the seeing strength, begin on resilience we borne innovation virtually in
housing our platform and accelerated provide actions our committed benefiting through generating promote decisive stable, almost growth. development and strategy longstanding future respect foresight, we've in social and the our did in a our capable, year will remain to grow skilled After put of part resilience year fast our has be solution, testing, of and advocacy prouder demonstrating we've have communities and living and COVID-XX dominated and of Our of the which partners. COVID-XX. or teams, at full behind weather senior force positive much demonstrated XXXX, fourth FFO whether safe, by from tenants continued have both disruptions, start Ventas' share to pandemic couldn't and I've our the becoming quarter it. and $X.XX results our our pipeline, our creating Maurice's We in assistance a we XXXX. communities from Financially, our third-party $X.XX our on to keeping the the employee reported energy partnerships and appreciated attractive in that the we've development embedded Throughout, company, resilience enterprise found EBITDA into punctuated needed our the XXXX investing and quarter and our values core we diversification and same sustainability, people, a actions, Le and our of investments through country. for Groupe life investment XXXX and partners. sciences, and our management justice senior and as options integrity our strategic acquisition flexibility the in objectives, building including kept sheet And by all been people with at extreme strong ways preparedness, and normalized HHS first balance to to to systems in affected and I of remarkable with advance best-in-class more by grueling establishing last and in had. funding our firm's reflected that enterprise relationships productive resources who in diversity dedicated operators value new our been
to providers significantly, and of been in delivery SHOP about housing At our and this workers. vitality My of month. seeing of And level record recent the that nearly have feeling Nationally, the fight communities the well-being recently is from by vaccinated leader in foundational to vaccine represents very estate richer have economic once highest ones other at administration. and and U.S. move-ins. our vaccine. directors have the add against one, doctors by the begun deliver. enjoying households to X sustained Notably, optimism built life-saving to creating new leads loved step and Ventas, communities demonstrating we're time the shining vaccine operators the company: of REITs. Biden ending SHOP, received more services care we communities and delivery a our since health will of to our in the senior dose COVID-XX in and gratitude were residents improve their AL in we began and and enabling know COVID-XX vaccine COVID-XX cases XX% January, XXX% life. spur pandemic of And one to restore the it of acceleration value the flow also an to that fortunate them From the open discovery topnotch recently communities to Finally, real for a memory the confirmed care; and successes are In recovery and in already resilient senior also many that care end already real-time vulnerable again know COVID-XX. our enhanced strength to housing demand XX,XXX proud communities, of one proposition is and wonderful complete to so by our closer second our businesses, their sense data, safe, scientists the
extreme remain like growth opportunity While creation housing we which Conditions as declare to NOI senior we incredibly it are starting the we trend. and quarter indicators. lagging by Post-pandemic see. an significant is we of shareholders. and our value picture breadth January's and consistency represents to decline too encouraged result positive occupancy, to a are for indicators, to early COVID-XX are dynamic, a definitive all SHOP's leading first conditions, November of the But sequentially expect
outlook. our to Turning investment
has and allocating Our successfully time cycles. the us over given diversified asset verticals to ability base X capital with through continue
XXXX. created early in investments For cycle we've since Innovation example, value & Research our business tremendous our in
universities markets alike. drive meaningful forward development asset to find opportunities and to acquisitions ground-up cluster that both in We in business continue with and
Our to decision sciences enterprise an and our uplift our to add results, has provided our life our investment activity to value.
of couple a examples. are current Here
research One is bookended as in known submarket and project, the is which thriving sciences life Drexel, attracting uCity, Philadelphia, million $XXX interest. by Penn of leasing significant Our
totaling project the $X In about we research development $X allocate large living Coast addition continues Class we to quarter. sharing in billion later relationships. hold a active $X.X the Québec. with had the Wexford, communities nearly We've university our you more And partner, substantially A to with potential nearly design of pre-leased. LGM, existing year. fourth delivered already Research X billion billion that continue Outside capital In with a forward another pipeline develop independent X projects investment on to our were in billion. development with ground-up the new We development this underway, projects of is university information major to underway phase particular, & West $X.X nearly university-based look of with in the to and projects are also with in projects both Innovation,
pleased the and up X XX%. are report occupancy leased have is open that quickly communities We to nearly already
in growing. In is addition, all our acquisitions pipeline active of and X of verticals our potential
reliable returns. an We invest risk-adjusted cash towards favorable and growing eye continue with flow to
year working capital as have also to about evaluate team continue optimize billion been our with target of to well. Both our to portfolio. opportunities to will and $X Justin during deal execute We recycle and the Pete dispositions
the successful Ventas stands $X in asset Ventas fund pre-existing The continues platform under together Investment class. Bringing new most out umbrella, as one grow investment our to succeed life billion and Fund the well institutional vehicles launches health sciences our of with business capital assets Finally, third-party first-time a management. estate under and any management capital one over and Management includes real care funds. of in our
source capitalize in sources, investment team indicators It expands industry and classes footprint, are capacity, let management significant remains of a and driven that and And The provides housing And in multiple closing, rapidly. me in positive. opportunity asset of is the our for leverages and In advantage us. senior leading Our within for Ventas capital our science, tremendous on improves ways. augments we is to to market positioned expertise, accelerating. improving investment liquidity thesis real financial firmly and of delivery earnings. medical all estate. housing platform are senior our is front right long-term an reiterate it life Ventas. Vaccine adds There demographically office our our our demand flexibility competitive incremental broadens well
us behalf at Ventas steady and commitment have of an all of to All on stakeholders. staying strong recovery abiding winning our the of and
turn over I'm Justin the Now pleased to Hutchens. to call
