Ventas, Inc. announced that J. Justin Hutchens, Executive Vice President, Senior Housing, has been appointed to the additional role of Chief Investment Officer, effective immediately. In his expanded role, Hutchens will be responsible for Ventas's capital allocation strategy and execution across the enterprise in addition to his current responsibility for the Company's Senior Housing portfolio. He will oversee both the Senior Housing and Investments teams and continue to report directly to Ventas Chairman and CEO Debra A. Cafaro.

With more than 25 years of experience in both REITs and senior housing, Hutchens has significant investment and capital allocation expertise and a record of proven success. He has led Ventas's Senior Housing business since joining the Company in early 2020, with responsibility for more than 800 communities representing nearly half of the Company's portfolio. Hutchens previously served as President and Chief Investment Officer of HCP and Chief Executive Officer and President of National Health Investors.

Hutchens joined Ventas from HC-One, the UK's care homes operator with over 325 locations and over 22,000 employees, where he served as Chief Executive Officer from 2017 to 2020. Hutchens will assume the responsibilities of John D. Cobb, who will be leaving the Company. Cobb has agreed to remain at the Company as a strategic advisor through mid-February.