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Aviv REIT inks $48M acquisition

March 3, 2014
by Pamela Tabar, Editor-in-Chief
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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.