Ventas, Inc.

Ventas in its proposed acquisition of a high quality Canadian seniors housing portfolio in partnership with Le Groupe Maurice

Client

Ventas, Inc.

Value

$2.4 Billion

Service

Mergers and Acquisitions

Date Closed

September 2019

Industry

REITs

Lead Office

Toronto


On September 4, 2019, Ventas, Inc. completed its acquisition of a Class A portfolio of 31 purpose-built seniors housing communities and certain in-progress developments in Québec by investing through an 85/15 percent equity partnership with Le Groupe Maurice (“LGM”). The portfolio is valued at C$2.4 billion including construction in progress. The deal establishes a new platform for growth with LGM, who will continue to manage and further develop the portfolio under the Le Groupe Maurice brand. Ventas will also have exclusive rights to fund and own all additional developments under a pipeline agreement with LGM. The investment will diversify and expand Ventas’s leading seniors housing operating portfolio (“SHOP”) presence in Canada with a preferred seniors housing brand in Quebec.

Founded in 1998, LGM is a market leader in the design, development and management of progressive residences for seniors in Quebec.

Ventas, an S&P 500 company, is a leading real estate investment trust. Its diverse portfolio of approximately 1,200 assets in the United States, Canada and the United Kingdom consists of seniors housing communities, medical office buildings, university-based research and innovation centers, inpatient rehabilitation and long-term acute care facilities, and health systems.

Osler, Hoskin & Harcourt LLP advised Ventas with a team led by Victoria Graham and Sébastien Savage that consists of Amelia Miao, Matthew Oliver and Calvin Leung Lung Yuen (Corporate), Jack Silverson and Antoine Stébenne (Tax), Michelle Lally and Jaime Auron (Competition), Etienne Massicotte and Mikulas Arendas (Banking and Financial Services), Adam Kardash and Kristin Ali (Privacy), Michael Watts and Aidan McNeil (Regulatory), Patrick Welsh and Julien Hynes-Gagné (Environmental), Julien Ranger-Musiol (Pensions and Benefits), Nicole Cloutier and Caroline Stephens (Real Estate), Richard Wong (Construction) and Kelly Moffatt (Intellectual Property).


Team
Victoria  Graham
Key Contact

Victoria Graham

Partner, Corporate

Sébastien Savage

Sébastien Savage

Partner, Real Estate

Amelia  Miao

Amelia Miao

Associate, Corporate

Matthew Oliver

Matthew T. Oliver

Associate, Corporate

Calvin Leung

Calvin Leung

Associate, Corporate

Jack Silverson

Jack Silverson

Partner, Taxation

Antoine Stébenne

Antoine Stébenne

Partner, Taxation

Michelle Lally - Competition/Antitrust Lawyer

Michelle Lally

Partner, Competition/Antitrust & Foreign Investment

Jaime Auron

Jaime Auron

Associate, Competition/Antitrust & Foreign Investment

Etienne  Massicotte

Etienne Massicotte

Partner, Financial Services

Mikulas Arendas

Mikulas Arendas

Associate, Banking and Financial Services

Adam Kardash - Privacy Lawyer

Adam Kardash

Partner, Privacy and Data Management
Co-Lead, AccessPrivacy

Kristin Ali

Kristin Ali, CIPP/C

Associate, Privacy & Data Management

Aidan McNeil

Aidan McNeil

Counsel, Corporate

Patrick G. Welsh

Patrick G. Welsh

Associate, Regulatory, Environmental, Aboriginal and Land; Litigation

Julien Hynes-Gagné

Julien Hynes-Gagné

Associate, Litigation

Julien Ranger - Pensions & Benefits Lawyer in Montréal

Julien Ranger

Partner, Pensions & Benefits

Nicole  Cloutier

Nicole Cloutier

Partner, Real Estate

Caroline Stephens

Caroline Stephens

Associate, Real Estate

Richard Wong - Energy, Construction, Infrastructure

Richard Wong

Partner, Commercial