Ventas to Replace Thornburg in REIT Index

Published March 07, 2008, 2:00 p.m. EST

1 Min Read

Thornburg Mortgage Inc., a real estate investment trust, will be replaced by Ventas Inc. in the S&P U.S. REIT Composite Index because Thornburg is a mortgage REIT and only equity REITs are currently eligible for addition to the index, according to Standard & Poor's. The replacement will be made after the close of trading March 10. Ventas, based in Louisville, Ky., finances, owns, and leases health-care-related and senior housing facilities. The rating agency can be found online at http://www.standardandpoors.com.

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