Research & Innovation Centers

Unlocking the Power of Research & Innovation

Ventas is the leading owner of university-based Research & Innovation (R&I) real estate. With demand in the $140+ billion life science real estate market expected to rise to more than $170 billion within five years,1 the R&I portfolio is the Company’s top capital allocation priority, with more than $2 billion invested in R&I since 2016.

Together with our exclusive development partner Wexford Science & Technology, we are actively expanding our R&I portfolio through the evolution of vibrant, amenity-rich, mixed-use Knowledge Communities that are built on a foundation of research, discovery and entrepreneurial activity. With 34 operating properties in 13 hub markets and a $1.5 billion pipeline of near-term developments, Ventas is well-positioned for long-term growth supported by the economic drivers of reliable tenants, long-term lease commitments and sustained occupancy.

The Knowledge Community ecosystem has a unique ability to attract a wide variety of valuable tenants to the urban “live, work, play, learn” environments that leverage talent, services and amenities in a single location. More than 95% of our properties are anchored by leading research universities, with other tenants including start-ups and innovation incubators such as Cambridge Innovation Centers and BioLabs; established biotech / biopharma companies including Alexion Pharmaceuticals, Spark Therapeutics, Paragon Pharmaceuticals and Amicus Therapeutics; and established corporate and technology companies like Microsoft, Boeing and Aon.

4210 Duncan
St. Louis

College of Nursing and Health Professions
Philadelphia

ONE uCity
Philadelphia

Shadyside
Pittsburgh

$1.5B Near-Term Development Pipeline

We recently announced a $1.5 billion near-term development pipeline with existing and new university relationships. We currently have signed commitments in place for more than half of this pipeline including the following projects:

Our university-based R&I portfolio accounts for 10% of all university-R&D spending in the U.S.

 

Duke University
Arizona State University
Brown University
Drexel University
Illinois Institute of Technology
Old Dominion University
Penn State University
University of Maryland Baltimore
University of Miami
University of Pennsylvania
Virginia Commonwealth University
Wake Forest University
Washington State University in St. Louis
Yale University
University of Pittsburgh

Spurring Life-Changing Innovation through Vibrant Knowledge Communities

Cortex Innovation Community
Saint Louis, MO

Downtown Crossing
New Haven, CT

Univ. of Miami
Life Sci. & Tech. Park
Miami, FL

Providence Innovation & Design District
Providence, RI

 

Data per Q1 2019 filings, press release, supplemental and earnings conference call dated 04/26/2019.

The Ventas Team

Research & Innovation

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Will Germain

Senior Investment Officer
Research & Innovation

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James E. (Jim) Mendelson

Senior Vice President, Asset Management (Office)

1: Source: JLL Research; Life Sciences Industry Trend & Outlook.