Aviv REIT inks $48M acquisition
Chicago-based Aviv REIT has acquired nine skilled nursing facilities in Kentucky and Iowa for $48.5 million, according to a corporate release. The Iowa facilities will be run by Trillium Healthcare, while the Kentucky-based facilities will be operated by a new Aviv operator, Providence Group.
The acquisitions add to Aviv’s recent buying spree, which included $239 million in investments in 2013, the company’s CEO Craig Bernfield noted.
Aviv owns and leases nearly 300 skilled nursing facilities across 29 states.
Pamela Tabar was editor-in-chief of I Advance Senior Care from 2013-2018. She has worked as a writer and editor for healthcare business media since 1998, including as News Editor of Healthcare Informatics. She has a master’s degree in journalism from Kent State University and a master’s degree in English from the University of York, England.
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