Ventas promotes two asset management employees
Real estate investment trust Ventas Inc. has promoted two of its asset management employees in the wake of executive realignments that occurred with the spin off of Care Capital Properties.
Christian N. Cummings has been promoted to senior vice president of asset management. In his new role, Cummings will focus on Ventas's seniors housing operating portfolio and enterprise-wide dispositions, reporting to Bob Probst, executive vice president and CFO. Probst has assumed responsibility for seniors housing operating portfolio business.
Nicholas W. Jacoby has been promoted to senior vice president of asset management. In this position, he will focus on Ventas's triple net leased assets, reporting to T. Richard Riney, executive vice president, chief administrative officer and general counsel. Riney has assumed responsibility for the company's triple net lease business.
“We are very proud to announce these promotions. Both Nick and Chris have been instrumental in Ventas's long-term success and performance over many years,” Ventas Chairman and CEO Debra A. Cafaro said. “They reflect the deep bench strength of our team of tenured industry experts. We look forward to continuing to work with Chris and Nick as we drive value for our shareholders and customers.”
The Ventas portfolio of nearly 1,300 assets in the United States, Canada and the United Kingdom consists of seniors housing communities, medical office buildings, skilled nursing facilities, hospitals and other properties.