Ventas and GIC Acquisition of Life Science and Healthcare Portfolio

South San Francisco, California, United States

Ventas and GIC formed a joint venture to acquire and develop a portfolio of life science and healthcare properties, initially comprising four university-based research and innovation projects totaling approximately 1.4 million square feet. The portfolio features Class A lab and medical office buildings located in premier life science clusters, notably South San Francisco, with a combined project cost of around $930 million. These assets are strategically positioned near leading academic institutions and research centers, benefiting from robust demand driven by the growth of the life sciences sector. The joint venture is actively expanding, with high occupancy rates and a strong market presence among core healthcare and research tenants.