Ventas, Inc. is one of the nation's leading healthcare real estate investment trusts (REITs). Ventas owns 253 senior housing facilities, 41 hospitals, 192 skilled nursing facilities and 27 medical office buildings and other healthcare facilities containing approximately 51,500 licensed beds and senior living units located in 43 states and two Canadian provinces. The Company also has investments in 4 other healthcare and senior housing facilities.

OFFICERS

Debra A. Cafaro

Chairman of the Board, President and Chief Executive Officer

Raymond J. Lewis

Executive Vice President and Chief Investment Officer

T. Richard Riney

Executive Vice President, Chief Administrative Officer, General Counsel and Secretary

Richard A. Schweinhart

Executive Vice President and Chief Financial Officer

Robert J. Brehl

Chief Accounting Officer and Controller

Timothy A. Doman

Senior Vice President, Asset Management

Julie M. Dreixler

Senior Vice President, Human Resources

Brian K. Wood

Senior Vice President, Tax

Kristen M. Benson

Vice President and Senior Securities Counsel

Vincent M. Cozzi

Managing Director, Acquisitions

Christian N. Cummings

Vice President, Asset Management

Joseph G. Solari

Managing Director, Acquisitions

VENTAS BOARD OF DIRECTORS

Debra A. Cafaro, Chairman of the Board
Douglas Crocker II, Presiding Director
Ronald G. Geary
Jay M. Gellert
Robert D. Reed
Sheli Z. Rosenberg
James D. Shelton
Thomas C. Theobald

Committees of the Board of Directors

HEADQUARTERS

Chicago, Illinois

Louisville, Kentucky
McLean, Virginia

• Ventas trades on the New York Stock Exchange (symbol: VTR) and as of March 31, 2008, had approximately 138 million shares outstanding.
• As of December 31, 2007, Ventas has had six consecutive years of double digit normalized FFO per share growth.
• For the 2007 calendar year, Ventas's normalized FFO per share increased by 10 percent, one of the highest growth rates in the industry.
• Ventas was one of the top performing REITs during the five year period ended March 31, 2008, with an annual total shareholder return of 37.7 percent. For the 12 month period ended March 31, 2008, its annual total shareholder return was 11.8 percent.
• For the ten years ended March 31, 2008, Ventas delivered a 16.8 percent compound annual total shareholder return.
• Ventas was the only REIT in the top five performers of the MSCI US REIT Index for each of the one, three, five and ten year periods ended December 31, 2007.
• At March 31, 2008, Ventas's total enterprise value was over $9 billion and its equity market capitalization was over $6 billion.
• The Company's geographic diversity minimizes the potential impact of individual state regulatory and reimbursement changes. As a percentage of revenues, only two states account for more than 10 percent of Company revenues.

PORTFOLIO

Ventas owns 513 healthcare-related facilities including 41 hospitals, 192 skilled nursing facilities, 253 senior housing facilities, and 27 other healthcare related facilities, which together contain approximately 51,500 licensed beds. These facilities are leased or managed by third party operators. The following is a breakdown of the types of facilities, the percentage of Ventas's rental revenue and the number of beds contained in each type of facility:

Type of Facility	Number of Facilities	Percent of Rental Revenue (%) *	Number of Beds / Units / Square Feet
Hospitals	41	11 %	3,815 beds
Skilled Nursing Facilities	192	20 %	23,643 beds
Senior Housing Facilities	253	66 %	24,110 units
MOBs and Other Healthcare Facilities	27	3 %	122 beds / 1,023,061 square feet

* Proforma based on annualized 1Q 2008 Ventas revenue assuming all events occurred at the beginning of the period.

The Company also has investments or other interests in 4 additional healthcare related and senior housing assets.

CORPORATE HISTORY and KEY DATES

• May 1, 1998 - Ventas is split into two companies: Ventas (the former Vencor) remains owner of the nursing center and hospital real estate and properties; and a newly formed company, Vencor (now known as Kindred Healthcare, Inc. (NYSE:KND)) takes the original name and the operations of the nursing centers and hospitals.
• July 1998 - New Medicare Prospective Payment System goes into effect, dramatically reducing government reimbursements for long-term care and rehabilitative services. Though the government ultimately rescinds a portion of the cutback, the changes ultimately result in the bankruptcy filings of many of the country's largest investor-owned providers.
• March 1999 - Debra A. Cafaro named President and CEO days before the Company's stock falls sharply on speculation of a possible Vencor bankruptcy filing (which occurred in September 1999). Cafaro previously had been president and a member of the board of Chicago-based Ambassador Apartment (NYSE:AAH).
• September 1999 - Vencor files for Chapter 11 bankruptcy; under stipulation agreement, Vencor agrees to pay rent to Ventas at agreed upon levels.
• January 2000 - Ventas reaches agreement with its lenders for amended $1 billion long-term credit facility.
• September 2000 - Company elects REIT status beginning January 1, 1999.
• April 2, 2001 - Ventas reinstates its quarterly dividend of $0.22 per share.
• April 20, 2001 - Vencor emerges from bankruptcy and renames itself Kindred Healthcare, Inc.
• December 17, 2001 - Ventas announces completion of a commercial mortgage backed securitization (CMBS) transaction that refinanced approximately $213 million of the Company’s outstanding principal balance on its Amended Credit Agreement.
• April 17, 2002 - Ventas completes $400 million senior note offering and new credit facility.
• September 19, 2002 - Ventas names Raymond J. Lewis Senior Vice President and Chief Investment Officer.
• December 2, 2002 - Ventas names Richard A. Schweinhart Senior Vice President and Chief Financial Officer.
• January 30, 2003 - President and Chief Executive Officer, Debra A. Cafaro is named to the additional position of Chairman of the Board. Board member Douglas Crocker II is named Presiding Director.
• June 30, 2003 - Ventas completes sale of 16 skilled nursing facilities in Florida and Texas to Kindred, receiving $59.7 million cash and a $4.1 million lease termination fee. Ventas uses the net proceeds to repay in full all unpaid amounts under the Company's settlement with the Department of Justice (DOJ) and for general corporate purposes.
• December 11, 2003 - Ventas completes the sale of ten underperforming facilities to Kindred for $85 million, which includes a purchase price of $79 million and a $6 million lease termination fee. This transaction will result in a gain of approximately $55 million.
• January 29, 2004 - Ventas announces its intention to acquire 14 assisted and independent living facilities for $115 million and lease them to Brookdale Living Communities, Inc.
• February 5, 2004 - Ventas completes the acquisition of ElderTrust (NYSE:ETT) in an all cash transaction valued at $184 million. This acquisition adds 18 new properties and more than 1,650 beds to Ventas's portfolio of senior living and healthcare facilities.
• July 1, 2004 - Standard and Poor's raised Ventas's corporate credit ratings to "BB" from "BB-", citing the company's improved portfolio diversification, increased net income and cash flow, and strong rent coverages.
• July 6, 2004 - Ventas graduates to the Russell 1000 Index (representing the 1000 largest public U.S. companies) as a result of the increase in the Company's market capitalization.
• September 9, 2004 - Ventas closes a new $300 million secured revolving credit facility initially priced at 125 basis points over LIBOR, replacing its previous revolving credit facility and term loan initially priced at 275 basis points over LIBOR.
• October 8, 2004 - Ventas issues $125 million of 6-5/8% unsecured senior notes locking in long-term debt costs and giving the company greater capacity to continue its growth and diversification plan.
• June 7, 2005 - Ventas completes the acquisition of Provident Senior Living Trust in a cash and stock transaction valued at $1.2 billion. This acquisition adds 68 private pay, high-quality independent and assisted living assets to its portfolio.
• December 2005 - Moody's Investors Service upgraded Ventas to a Ba2 rating on its senior debt with an outlook stable and S & P upgraded Ventas to a BB+ rating on its senior debt with a stable outlook. Both agencies cited the material progress made by Ventas in diversifying its tenant concentration.
• April 2006 - Ventas closes a new $500 million unsecured revolving credit facility initially priced at 75 basis points over LIBOR, replacing its previous secured revolving credit facility initially priced at 125 basis points over LIBOR.
• July 7, 2006 – Ventas received its first investment grade rating when Fitch assigned a rating of BBB- to its outstanding senior unsecured notes of $1.1 billion and its $500 million senior unsecured revolving credit facility.
• October 12, 2006 - Ventas exercised its election to increase the Kindred rent pursuant to the reset right in the Master Leases. This election increases the annual rent by $33.1 million effective July 19, 2006.
• November 7, 2006 - Ventas completes the acquisition of 64 healthcare and senior housing properties in a transaction with entities affiliated with Canada's Reichmann family ("The Senior Care acquisition").
• April 26, 2007 - Ventas completes the acquisition of Sunrise Senior Living REIT that adds 77 high-quality, private pay senior housing communities to its portfolio and provides the Company with its first international exposure.
• February 5, 2008 - Ventas received its second investment grade rating after S&P raised its rating to BBB- from BB+.