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Ventas Charitable Foundation Pledges $50,000 to The Parklands of Floyds Fork in Louisville, Kentucky

^{Published on 2010-09-27 05:20:16 - Market Wire}
 

CHICAGO--([ BUSINESS WIRE ])--Ventas, Inc. (NYSE:VTR) (aVentasa or the aCompanya) announced today that the Ventas Charitable Foundation has pledged $50,000 towards The Parklands of Floyds Fork project in Louisville, Kentucky.

"We are grateful for this commitment that comes at an important time as The Parklands are beginning to move from design toward construction."

aWe are pleased and honored to contribute to this project, which will help make Louisville one of the top cities in the country in terms of parklands,a Ventas Chairman, President and Chief Executive Officer Debra A. Cafaro said. Ventas currently employs 36 people in Louisville.

aThe Ventas Charitable Foundation is helping us build out what will become not just a well-used and well-loved parks system for the Louisville region, but will demonstrate how creating parkland infrastructure in advance of new development can benefit a citya™s livability,a said Dan Jones, Chairman and CEO of 21^st Century Parks, the nonprofit planning and developing The Parklands. aWe are grateful for this commitment that comes at an important time as The Parklands are beginning to move from design toward construction.a

The Parklands will open in phases beginning in 2011 with completion anticipated for 2015. Once completed, The Parklands of Floyds Fork will be a world-class integrated public parks system totaling nearly 4,000 acres of land and connected by a 20-mile recreational trail, a scenic park drive and 100 miles of new hiking, biking and equestrian trails located in eastern and southern Louisville, along Floyds Fork Creek, a tributary of the Salt River. The Parklands is one of the nationa™s largest and most ambitious metropolitan parks projects.

Ventas, Inc., an S&P 500 company, is a leading healthcare real estate investment trust. Its diverse portfolio of nearly 600 assets in 44 states (including the District of Columbia) and two Canadian provinces consists of seniors housing communities, skilled nursing facilities, hospitals, medical office buildings and other properties. Through its Lillibridge subsidiary, Ventas provides management, leasing, marketing, facility development and advisory services to highly rated hospitals and health systems throughout the United States. More information about Ventas and Lillibridge can be found at [ www.ventasreit.com ] and [ www.lillibridge.com ].