Investor Presentaiton

Senior Housing - Decisive Operational Actions Position Ventas A VENTAS* for Value Creation New Leadership Resolutions & Transitions ■ J. Justin Hutchens appointed as Executive Vice President, Senior Housing in March 2020 ■ Proven senior housing leader with operating experience and deep industry relationships ■ "Management laid out a game plan for improving senior housing performance...Mr. Hutchens has a strong background in operations... We believe this to be a solid addition at the right time." - Wells Fargo, 20 February 2020(1) Acquisitions & Developments ☐ Executed lease resolutions supporting mutually beneficial financial and operating terms ■ Transitioned various portfolios to new operators / management structures Dispositions ■ Acquired over 100 assets with favorable 300+ Assets 10+ Operators HOLIDAY RETIREMENT SINCERI Senior Living BROOKDALE SENIOR LIVING SOLUTIONS ~120 Assets 8 Operators ~$3B Acq. Volume ~5% Initial Yield ☐ New Senior Investment Group ■ Enhanced portfolio via completed sales of smaller scale, non-strategic assets Selectively pursuing sale of specific non- core communities 50+ Assets 10 Operators $620M Sold CONCORDIS market exposure and attractive physical characteristics ■ Partnered on several completed & in- ■ progress development projects with high- quality managers Emphasis on high margin, lower labor cost IL model with high occupancy ceiling and longer length of stay LEGROUPE MAURICE (1) Permission to use quotation neither sought nor obtained. HAWTHORN SENIOR LIVING/ Completed an array of portfolio-enhancing actions over the past two years SENIOR LIVING FRONTIER MANAGEMENT SRG SENIOR LIVING 17

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