Research & Innovation
Real Estate: From Academic Research
to Commercialization

of NOI7%of NOI7%

Establishing the Foundation for Innovation
and Entrepreneurship

As the leading developer of university-based Research & Innovation (R&I) knowledge communities, Ventas and its exclusive development partner Wexford Science & Technology are actively expanding our R&I portfolio with the nation’s leading research institutions.

A priority in the Company’s current capital allocation, Ventas has grown our R&I business by approximately 45 percent since its inception in 2016, working with strong institutional-quality credit tenants, including prominent universities, research institutions and innovation companies such as Microsoft and Boeing. We’ve also recently announced a $1.5 billion near-term development pipeline comprised of approximately 10 projects with existing and new university relationships. These anchor tenants are reliable and consistent drivers of economic activity and have the financial strength to support long-term lease commitments and provide sustained occupancy.

4220 Duncan
Saint Louis, MO

New Haven College
New Haven, CT

Univ. of Miami
Life Sci. & Tech. Park
Miami, FL

South Street Landing
Providence, RI

Researrch & Innovation Callout Image



Part of the uCity Square knowledge community that bridges an academic campus (University of Pennsylvania, Drexel University) with its medical centers (Penn Presbyterian, an affiliate of Penn Medicine), 3675 Market Street is a 343,465 square-foot, 14-story building offering Class A laboratory, office, co-working and convening spaces.

Developed by Wexford, 3675 Market Street opened in Fall 2018, achieving 90% occupancy within 90 days of opening. The property is anchored by University City Science Center, Quorum, BioLabs and Amicus Therapeutics, which recently announced 3675 Market Street as its global research headquarters. It is projected to achieve Silver/Gold LEED® status.

Our university-based R&I portfolio accounts for 10% of all university-R&D spending in the U.S.


Duke University
Brown University
Drexel University
Illinois Institute of Technology
Dominion University
Penn University
University of Maryland Baltimore
University of Miami
University of Pennsylvania
Wake Forest University
Washington State University in St Louis
University of Pittsburgh

The Ventas Investment Team

Research & Innovation


Will Germain

Senior Investment Officer
Research & Innovation / +1 312 660 3822 /  linkedin

As a member of the Ventas senior leadership team, Will Germain is responsible for investments within the growing University-based research and innovation center portfolio. Responsible for originating, negotiating and executing acquisitions and development opportunities, he has been involved in more than $15 billion completed real estate transactions during his tenure at Ventas.

1. Lillibridge Healthcare Services is a wholly-owned subsidiary of Ventas, Inc.