Ventas and Discovery Senior Living Expand Relationship with 15 New Communities

Discovery Senior Living has been selected by Ventas to operate 15 senior living communities across multiple US states, expanding their portfolio and strategic relationship. The transition is expected to begin in September 2025 and all communities will be integrated into Discovery's management companies by the end of the year. This marks a milestone in the companies' multi-year relationship, demonstrating Ventas' confidence in Discovery's ability to deliver exceptional living environments for seniors and drive long-term value creation.

Discovery Senior Living, one of the nation's largest and most trusted senior housing operators, has been selected by Ventas, Inc. to assume operations of 15 senior living communities across multiple U.S. states. The transition marks a significant expansion of the companies' multi-year relationship and underscores their shared commitment to operational excellence and long-term value creation [1].

The agreement, which will see Discovery begin operations for select communities in September 2025 with a full transition by the end of the year, includes 15 communities that will be integrated into three of Discovery's Management Companies (ManCos): Integral Senior Living (ISL), Discovery Management Group (DMG), and Terrabella Senior Living. Each ManCo is designed to optimize performance through deep market insight and tailored operating practices, supported by Discovery's shared services infrastructure and centralized teams [1].

The expansion of this relationship is a testament to Ventas' confidence in Discovery's ability to deliver exceptional living environments for seniors. Since 2021, the companies have collaborated on a performance-driven relationship, with Discovery's strong operational performance and alignment with Ventas' goals being key factors in this selection [1].

Discovery's unique operating platform centers on empowering regionally focused ManCos to run communities with local leadership while providing national support. This structure allows for rapid integration and turnaround execution, as seen in the company's successful management of over 140 communities in the states where the 15 new assets are located [1].

The 15 communities, previously managed under a triple-net lease structure, have significant occupancy potential, and Discovery is poised to deliver strong, sustainable performance. This expansion aligns with Discovery's strategy to capitalize on historic demand growth in the senior housing sector [1].

Discovery Senior Living's portfolio now includes nearly 40,000 units across more than 360 communities and nearly 40 states. The company, with its award-winning management team, has been recognized as a Great Place To Work for the fourth consecutive year [1].

For media and investor inquiries, contact Laura Lepore at llepore@discoverymgt.com or visit www.discoveryseniorliving.com.

References:
[1] https://www.newsfilecorp.com/release/261791