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Funding Amount
- Behavioral or Psychiatric Hospitals
- General Acute Care Hospitals
- Long Term Acute Care Hospitals
- Outpatient Specialty or Rehab Hospitals
Ventas will purchase a facility for up to 100% of its appraised real estate value (subject to minimum rent coverage).Lease Terms
10 to 25 years on a "triple net" basis, with multiple renewal options at market.Preferred Transaction Parameters
Cap Rates/EBITDA Multiples
- Lessee with significant experience in property type and market
- Well maintained physical plant with satisfactory capital equipment
- Critical service provider in primary trade area
- Minimum transaction size $15 million; preferred multi-facility transaction in the $25 - $75 million range; no maximum transaction limitation
Call to discuss current market purchase multiples.Lease Rates
Ventas's program uses a two-part rate structure comprised of (1) a base lease rate, and (2) annual market based escalators. Call to discuss current Ventas lease rates.Guarantee
Ventas generally requests a guarantee from a creditworthy entity and an annually renewed letter of credit as a security for the lease.Timeframe
Typically from 45 to 60 days, from beginning of due diligence to closing based on complexity.Closing Costs
As with conventional financing sources, the tenant typically pays all due diligence and closing costs.

