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Ventas10-K: Restructuring charge

Major portfolio restructuring underway as 56 Brookdale-leased properties are converted or sold.

What happened

Ventas is exiting its major lease relationship with Brookdale by converting 45 properties to its direct-operating (SHOP) model and selling 11 others.

Source

SEC EDGARFeb 6, 2026

Annual report (Form 10-K)

Ventas 10-K for FY2025

Filing excerpt

Percentage of Total NOI includes the NOI for 121 senior housing properties in our NNN segment that were leased to Brookdale (as defined below) for all or part of 2025, including 56 properties for which the lease expired on or before December 31, 2025 (the “Brookdale Conversion and Sale Communities”).

sec.gov/Archives/edgar/data/740260/000074026026000006/vtr-20251231.htmRead the full source

Other signals in this filing (10)

Extracted by Autobound

From the Signal API record
Signal
10-K: Restructuring charge

What this signalsFilings often name leadership changes, deals and spending plans.

Period
FY2025
Fiscal year end
12/31
Filed
Feb 6, 2026

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The full record

From the Signal API record

Details

CIK
740260
Accession number
0000740260-26-000006
Timeframe
Multi year
Filing year
2026
Why it matters
Vendor review likely
Signal category
Financial

Topics and mentions

Vendors

  • Brookdale Senior Living
  • Inc.
  • Atria Senior Living
  • Sunrise Senior Living
  • LLC
  • Le Groupe Maurice
  • Kindred Healthcare
  • Ardent Health Partners
  • Lillibridge
  • PMB Real Estate Services LLC

Vendors named

  • Brookdale Senior Living, Inc.
  • Atria Senior Living, Inc.
  • Sunrise Senior Living, LLC
  • Le Groupe Maurice
  • Kindred Healthcare, LLC
  • Ardent Health Partners, LLC
  • Lillibridge
  • PMB Real Estate Services LLC

Extraction

Confidence
High
Relevance
90%
Sentiment
Neutral
Detected
Feb 10, 2026
signal_type
sec-10k
signal_subtype
restructuringCharge

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This page shows a preview. The full sec-10k record in the Signal API and MCP can also have these 8 fields. Some fields are empty for some signals.

Company

  • linkedin_urlValue in the API
  • industriesValue in the API
  • employee_count_lowValue in the API
  • employee_count_highValue in the API
  • revenueValue in the API
  • descriptionValue in the API

Signal

  • signal_nameValue in the API
  • associationValue in the API
Show the full JSONThe record on this page and the API request

GET /v1/signals/5256f89c-0e09-4dad-987f-12cbb042c4d3 returns this record as JSON. POST /v1/companies/enrich returns every signal for ventasreit.com.

{
  "signal_id": "5256f89c-0e09-4dad-987f-12cbb042c4d3",
  "signal_type": "sec-10k",
  "signal_subtype": "restructuringCharge",
  "detected_at": "2026-02-10T07:50:32.689+00:00",
  "company": {
    "name": "Ventas",
    "domain": "ventasreit.com"
  },
  "data": {
    "detail": "Ventas is exiting its major lease relationship with Brookdale by converting 45 properties to its direct-operating (SHOP) model and selling 11 others. This significant operational shift requires integrating dozens of new properties, creating opportunities for vendors specializing in property management systems, operational analytics, and resident services platforms to support the transition.",
    "metrics": {
      "timeframe": "multi_year"
    },
    "summary": "Major portfolio restructuring underway as 56 Brookdale-leased properties are converted or sold.",
    "excerpts": "Percentage of Total NOI includes the NOI for 121 senior housing properties in our NNN segment that were leased to Brookdale (as defined below) for all or part of 2025, including 56 properties for which the lease expired on or before December 31, 2025 (the “Brookdale Conversion and Sale Communities”).",
    "relevance": 0.9,
    "sentiment": "neutral",
    "confidence": "high",
    "source_url": "https://www.sec.gov/Archives/edgar/data/740260/000074026026000006/vtr-20251231.htm",
    "filing_date": "2026-02-06",
    "filing_year": 2026,
    "fiscal_year_end": "12/31",
    "sales_relevance": "Vendor review likely",
    "signal_category": "financial",
    "vendors_mentioned": [
      "Brookdale Senior Living, Inc.",
      "Atria Senior Living, Inc.",
      "Sunrise Senior Living, LLC",
      "Le Groupe Maurice",
      "Kindred Healthcare, LLC",
      "Ardent Health Partners, LLC",
      "Lillibridge",
      "PMB Real Estate Services LLC"
    ]
  }
}

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