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Ventas Appoints J. Justin Hutchens, Executive Vice President, Senior Housing, to Additional Role of Chief Investment Officer

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CHICAGO–()–Ventas, Inc. (NYSE: VTR) (“Ventas” or the “Company”) today announced that J. Justin Hutchens, Executive Vice President, Senior Housing, has been appointed to the additional role of Chief Investment Officer, effective immediately. In his expanded role, Hutchens will be responsible for Ventas’ capital allocation strategy and execution across the firm in addition to his current responsibility for the firm’s Senior Housing portfolio. He will oversee both the Senior Housing and Investments teams and continue to report directly to Ventas President and CEO Debra A. Cafaro.

“Through his outstanding leadership of our Senior Housing business over the past three years, Justin has proven to be an invaluable member of the Ventas executive team. By combining the roles of CIO and EVP, Senior Housing, we are streamlining our executive management structure and improving the link between our investment business and commercial operations,” said Cafaro. “We look forward to growing the Company in our strategic priority areas of capital allocation of senior housing and life sciences, research and innovation, and we are confident that Justin, supported by our deep and experienced investment team, will continue our long history of creating value.”

With more than 25 years of experience in both REITs and senior housing, Hutchens has significant investment and capital allocation experience and a track record of proven success. He has led Ventas’ Senior Housing business since joining the Company in early 2020, with responsibility for over 800 communities representing almost half of the Company’s portfolio. Hutchens previously served as President and Chief Investment Officer of HCP (NYSE: PEAK) and Chief Executive Officer and President of National Health Investors (NYSE: NHI). Hutchens joined Ventas from HC-One, the UK’s largest care home operator with over 325 locations and over 22,000 staff, where he served as managing director from 2017 to 2020.

“I am honored to take on this expanded role at an exciting time for Ventas,” said Hutchens. “Ventas has a long track record of successfully investing in value creation across a diverse set of asset classes to the benefit of all stakeholders. I am excited to combine my operational and investment experience, leverage our Ventas Operational Insights (OI)™ platform of data and experiential insights to inform our senior housing investment business, and implement additional data analytics capabilities for our study of life sciences, research and innovation, medical and other investment interest areas. I look forward to working with the Ventas Investments team as we grow.”

Hutchens will assume the responsibilities of John D. Cobb, who will be leaving the Company. Cobb has agreed to stay with the firm as a strategic consultant through mid-February.

Cafaro continued, “On behalf of Ventas, I would like to extend my gratitude to John for his more than 12 years of service and his tremendous contribution to the company’s success. John has played an important role in building our best-in-class investment platform and shaping Ventas’ diversified, high-performing portfolio. We wish him every continued success.”

About Ventas

Ventas Inc., an S&P 500 company, operates at the intersection of two large and dynamic industries: healthcare and real estate. Fueled by strong demographic demand resulting from aging population growth, Ventas owns a diversified portfolio of more than 1,200 properties across the United States, Canada and the United Kingdom. Ventas uses the power of its capital to unlock the value of senior living communities; properties related to life sciences, research and innovation; physician offices and outpatient facilities, hospitals and other healthcare properties. A globally recognized real estate investment trust, Ventas follows a successful long-term strategy, proven for more than 20 years, built on diversification of property types, industry-leading sources of capital and partners, financial strength and flexibility, constant growth and reliable and industry leading ESG results, managed by a collaborative and experienced team dedicated to its stakeholders.

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Written by Natalia Chi

Chicago Popular; Chicago breaking news, weather and live video. Covering local politics, health, traffic and sports for Chicago, the suburbs and northwest Indiana.

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