Ventas Appoints Theodore Bigman and Joe V. Rodriguez, Jr. to Board of Directors

Ventas, Inc. (NYSE: VTR) today announced that its Board of Directors has appointed Theodore Bigman and Joe V. Rodriguez, Jr. to the Board, effective immediately. In connection with the appointments, which align with Ventas’s ongoing focus on Board refreshment and maintaining strong governance, the Company has entered into a mutual cooperation agreement (the “Cooperation Agreement”) with shareholder Land & Buildings Investment Management LLC (“Land & Buildings”).

Mr. Bigman brings significant investing and capital markets experience, and has served as a private investor and as founder and Chief Investment Officer of Bigman Holdings, his family office, since March 2021. Prior to that, Mr. Bigman held a number of positions at MSIM, an asset management firm and subsidiary of Morgan Stanley, from 1995 to 2021, most recently as Head of Global Listed Real Assets Investing. In connection with his position at MSIM, Mr. Bigman served as a member of the Board of Trust Managers for each of American Industrial Properties REIT, a real estate investment trust, and Grove Property Trust, a real estate investment trust.

Mr. Rodriguez is a seasoned real estate investor with 30 years of experience across capital markets, finance and portfolio management. Mr. Rodriguez was a Founding Partner and Chief Investment Officer at Invesco Real Estate and helped scale the firm from $1 billion to more than $90 billion in assets under management. He has served as a Board Advisor to Invesco Office J-REIT and AIM Select Real Estate Income Fund.

Debra A. Cafaro, Ventas Chairman and CEO, said, “I am pleased to welcome Ted and Joe to the Board and look forward to working with them to drive value for shareholders. I have great respect for their professional accomplishments and REIT investment experience and am delighted we are adding directors of their caliber to the Board.”

“We appreciate the constructive dialogue we have had with a cross-section of shareholders, as we continue to refresh Ventas’s Board to complement our existing skillset, support the Company’s execution of its strategy and enhance value for Ventas shareholders,” said Melody Barnes, Chair of the Board’s Nominating, Governance and Corporate Responsibility Committee.

“Joe and Ted are both accomplished investors who will add important perspectives to the Board as it seeks to drive value for all shareholders,” said Jonathan Litt, Founder & CIO, Land & Buildings. “We are confident these appointments will benefit the Company as it executes its strategy, and we would like to thank the Board for its collaborative engagement in reaching this outcome.”