Industry Pulse: November 2009

WASHINGTON – The annual election of the chairperson of the National Association of Real Estate Investment Trusts (NAREIT) is typically big news for people associated with the nation’s real estate investment trusts (REITs), of which there are more than 150 in various types of commercial real estate and mortgages. But for 2010, the naming of the NAREIT chair means a lot to professionals working in healthcare real estate and for healthcare REITs, of which there are more than a dozen or so. That’s because the newly elected chair is Debra A. Cafaro, chairman, president and CEO of Chicago-based Ventas Inc. (NYSE: VTR). The company is well known to people involved in healthcare real estate and is represented on the Editorial Advisory Board of Healthcare Real Estate Insights by Vincent M. Cozzi, Ventas’ VP for acquisitions. At the recent RealShare Medical Office Buildings conference in Dallas, Mr. Cozzi said the election of Ms. Cafaro to the NAREIT chairmanship was an indication of how strong of an asset class healthcare real estate has become. It is also a sign of the success and prevalence of healthcare REITs, he added. Mr. Cozzi noted that three healthcare REITs are now among the 11 largest publicly

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