Ventas, Inc. (NYSE: VTR) (“Ventas” or the “Company”) announced today that it executed a transaction whereby Ventas and the management team of Atria Senior Living, Inc. (“Atria”) own 100 percent of Atria, effective December 21. Atria’s Chairman and Chief Executive Officer John A. Moore will continue to lead Atria, one of the nation’s premier providers of senior living care services. In the transaction, Ventas acquired 100 percent of various private investment funds (the “Funds”) previously managed by Lazard Frères Real Estate Investors LLC (“LFREI”) or its affiliates. The acquired Funds now own (a) a 34 percent interest in Atria and (b) 3.7 million shares of Ventas common stock. The total purchase price for these interests was approximately $242 million. Atria’s executives and employees, including Moore, now own 66 percent of Atria. “We are excited to complete this strategic transaction, creating additional alignment and capacity to grow our private pay senior housing business with Atria,” Ventas Chairman and Chief Executive Officer Debra A. Cafaro said. “Atria is one of the nation’s premier providers of care to seniors, with a robust reporting and regulatory infrastructure. Its experienced team has delivered outstanding results. We are proud to expand our relationship with Atria, ensure its continued success and create additional opportunities for growth,” she added. “With our management team owning a majority stake in Atria, we are thoroughly invested in the long-term success of the brand and all the Atria communities,” Atria Chairman and Chief Executive Officer John A. Moore said. “For who we are and what we do, we couldn’t imagine a better partner than Ventas to build our business. We have a terrific team with a longstanding record of serving seniors in environments that help them thrive and flourish. Atria’s platform and its ability to deliver value to all its constituents are strengthened by this transaction,” he added.