Ventas buys land near The Carlisle Naples

BUYER: Ventas Naples LLC (principals: T. Richard Riney, Richard Schweinhart and Brian Wood), Louisville, Ky.
SELLER: Corradi Airport Inc.
PROPERTY: 6925 Airport Road N., Naples
PRICE: $2.98 million
PREVIOUS PRICE: $1.55 million, June 2004
LAW FIRM ON DEED: Cheffy Passidomo PA, Naples

PLANS, DESCRIPTION:
Louisville, Ky.-based health care real estate investment trust Ventas Inc. purchased five acres of vacant land for $2.98 million.

The price equated to $596,565 per acre.