Ventas done with spin-off

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Ventas Inc. announced it has completed the spin-off of the majority of its post-acute and skilled nursing facility portfolio into an independent, publicly traded REIT. 

The new REIT, called Care Capital Properties Inc., will primarily own, acquire and lease SNFs operated by local and regional providers. 

Ventas Chairman and CEO Debra A. Cafaro wrote in a statement that Ventas expects to succeed due to a deep, experienced management team, execution of a strong capital allocation strategy and “compelling dividend growth.”