Real estate investment trust company Ventas, Inc. has moved its headquarter operations from Louisville to Chicago, but is proceeding with plans to expand its Louisville workforce.
“As a $10 billion NYSE-listed real estate investment trust with assets in two countries and 43 states, we believe that identifying Chicago as our headquarters will provide the company with increased visibility and access to the city’s robust real estate community, including other REITs, private real estate companies and real estate investors important to our success,” Ventas Chairman, President and Chief Executive Officer Debra A. Cafaro said.
Ventas said its Louisville office, which has served as the company’s corporate headquarters, will continue to be its largest location. Three of the company’s five members of its management committee and more than 60 percent of its employees remain based in Louisville. Also, Ventas recently agreed to expand its Louisville office space by about 50 percent to provide capacity for its growing workforce.
“Our Louisville-based employees have been and will continue to be essential to our success,” Cafaro said. “We are very fortunate to be able to draw on Louisville’s excellent talent pool, especially in accounting, tax, legal and asset management. We expect to add jobs in both cities as warranted by our future growth.”
The company also said it intends to continue supporting civic and philanthropic causes important to its employees in both Chicago and Louisville through the Ventas Charitable Foundation.