Attached files
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8-K - FORM 8-K - Ventas, Inc. | c11798e8vk.htm |
EX-1.1 - EXHIBIT 1.1 - Ventas, Inc. | c11798exv1w1.htm |
Exhibit 5.1
February 3, 2011
Ventas, Inc.
111 South Wacker Drive, Suite 4800
Chicago, Illinois 60606
Re: Offering of Common Stock
111 South Wacker Drive, Suite 4800
Chicago, Illinois 60606
Re: Offering of Common Stock
Ladies and Gentlemen:
We have acted as counsel to Ventas, Inc., a Delaware corporation (the Company), in
connection with the offer and sale of 5,563,000 shares of the Companys common stock, par value
$0.25 per share (collectively, the Shares), pursuant to that certain Underwriting Agreement,
dated January 31, 2011, by and among the Company, Ventas Realty, Limited Partnership and UBS
Securities LLC as sole underwriter (the Underwriting Agreement). The Shares are being offered
pursuant to Rule 415 under the Securities Act of 1933, as amended (the Securities Act). This
opinion is being delivered in connection with (i) that certain Registration Statement on Form S-3
(File No. 333-158424), as amended, originally filed with the Securities and Exchange Commission
(the Commission) on April 6, 2009, which became automatically effective upon filing (the
Registration Statement), and (ii) a Prospectus Supplement, dated January 31, 2011 (the
Prospectus Supplement), filed with the Commission pursuant to Rule 424 under the Securities Act,
which supplements the prospectus contained in the Registration Statement.
We have examined such documents as we have considered necessary for purposes of this opinion,
including (i) the Registration Statement, (ii) the Prospectus Supplement, (iii) the Amended and
Restated Certificate of Incorporation of the Company, as amended, and the Fourth Amended and Restated
By-Laws of the Company, (iv) the Underwriting Agreement, and (v) such other documents and matters
of law as we have deemed necessary in connection with the opinions hereinafter expressed.
In our examination, we have assumed the genuineness of all signatures, the capacity of each
party (excluding the Company) executing a document to so execute that document, the authenticity of
all documents submitted to us as originals and the conformity to original documents of all copies
submitted to us. As to various questions of fact material to our opinion, we have relied on
statements and certificates of officers and representatives of the Company and public officials.
Based on the foregoing, and subject to the qualifications and assumptions set forth herein, we
are of the opinion that:
1. | The Company is validly existing as a corporation under the laws of the State of Delaware. |
2. | The Shares have been duly authorized for issuance and, when paid for by the underwriter and delivered in accordance with the terms of the Underwriting Agreement, will be validly issued, fully paid and nonassessable. |
Ventas, Inc.
February 3, 2011
Page 2
February 3, 2011
Page 2
This opinion is limited to the federal law of the United States, and the General Corporation
Law of the State of Delaware, which includes the statutory provisions, applicable provisions of the
Delaware Constitution and reported judicial decisions interpreting such provisions.
The opinions expressed herein are given as of the date hereof, and we assume no obligation to
update or supplement such opinions or views to reflect any fact or circumstance that may hereafter
come to our attention or any change in law that may hereafter occur or hereinafter become
effective.
We hereby consent to the filing of this opinion with the Commission as an exhibit to the
Companys Current Report on Form 8-K and to the reference to our firm under the caption Legal
Matters in the Prospectus Supplement. In giving such consent, we do not thereby admit that we come
within the category of persons whose consent is required under Section 7 of the Securities Act.
Very truly yours,
/s/ Willkie Farr & Gallagher LLP
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