Ventas Buys Providence Life Science, Research and Medical Campus for $130 Million

by | Mar 15, 2017 | Commercial Real Estate News

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Ventas Buys Providence Life Science, Research and Medical Campus for $130 Million

Ventas (NYSE: VTR), a Chicago-based real estate investment trust that invests primarily in healthcare real estate, struck a deal with Blackstone Real Estate Partners VIII to acquire a life science, research and medical campus in Providence, RI for nearly $130 million.

The acquisition includes the South Street Landing, a 269,000-square-foot building fully leased to Brown University and the University of Rhode Island and Rhode Island College’s Nursing…