VENTAS CLOSES ON THREE-BUILDING ACQUISITION
By John Mugford
At a couple of recent conferences and meetings focusing on healthcare real estate, Vincent M. “Vince” Cozzi, the managing director of acquisitions for Chicago-based Ventas Inc. (NYSE: VTR), made it clear that just because the company has plenty of cash on hand, it is not feeling any pressure to go on a buying spree of medical office buildings (MOBs).
Mr. Cozzi noted that the company is certainly on the lookout for quality assets, but added that he believes most of the country’s healthcare real estate investment trusts (REITs) – in the current economy – are likely to look for returns on investments of more than 8 percent.
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