| NEWS: Provident Senior Living Trust Acquired by Ventas for $1.2 Billion.
Provident Senior Living Trust is a self-administered
and self-managed real estate investment trust
headquartered in Princeton, New Jersey. Provident
focuses on acquiring income producing senior
living properties, primarily independent and
assisted living properties, located in the
United States, that derive substantially all
of their revenues from private pay sources.
The Company currently has invested approximately
$1 billion in 68 properties in 19 states containing
approximately 6,819 units, which are triple-net
leased to experienced operators with substantial
senior living expertise.
Effective June 7, 2005, Provident Senior Living Trust has become a wholly-owned subsidiary of Ventas, Inc. (NYSE: VTR) More information about Ventas can be found on its website at www.ventasreit.com.
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