Joint Venture Ventas and GIC Merge Funds Worth $930 Million

Ventas Inc. is the real estate and housing trust that has recently joined forces with GIC Pvt Ltd. – a Singaporean sovereign wealth fund for a joint venture worth $930 million. The mega project will acquire 1.4 million-square-foot of land for the completion of four different U.S.-based projects. These projects are currently in progress in Philadelphia, Pittsburgh, and Phoenix.

The R&I industry is making waves. One such example is that of Ventas and other organizations that have joined hands to enhance the R&I industry.

READ MORE SHINE Medical Technologies Raises $80 Million in Series C Funding

The Joint Venture Details 

Ventas expects an expansion in its R&I portfolio through this newly formed pact. The organization is also participating in the structural developme…