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Wexford Science & Technology to be acquired by Ventas in $1.5 billion deal – Baltimore Business Journal

By July 6, 2016News
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Wexford-Science-Technology-logo

Wexford Science & Technology LLC will soon again be under new ownership.

Chicago-based Ventas Inc. has agreed to pay $1.5 billion in cash to acquire substantially all of the assets of the Baltimore real estate investment and development firm from affiliates of Blackstone Real Estate Partners VIII L.P. Ventas will also assume $33 million of liabilities. The deal is expected to close in the fourth quarter.

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