AVIV acquires LTC properties in Texas and Minnesota

Share this article:

Aviv REIT Inc. has bought a skilled nursing facility, assisted living facility, independent living facility in Minnesota and a skilled nursing facility in Texas in two transactions for $43.4 million.

The Minnesota campus is triple-net leased to new Aviv operator Mission Health Communities, which operates 15 facilities in four states; and the SNF in Texas is triple-net leased to Trinity Healthcare, an Aviv operator with four facilities in Texas.

“This is our fourth acquisition with Trinity in the past year and we expect to continue to grow our relationship with them,” said Craig M. Bernfield, Chairman and CEO of Aviv. "The Mission acquisition was brought exclusively to us as Mission was looking for a relationship-oriented capital partner to help them grow. Aviv diversified its portfolio by adding another experienced, multi-state operator and further diversified its portfolio by expanding its presence in Minnesota.”

Share this article:

More in Products

LeadingAge's CAST releases EHR matrix selection tool

LeadingAge's Center for Aging Services Technologies released its 2014 version of a tool to let long-term providers choose the best electronic health record for their facility.

New magnetic badges debut

New magnetic badges debut

Imprint Plus has introduced The Mighty Badge name badge kit, which allows users to create reusable but personalized badges.

Hollister Incorporated celebrates antibacterial foam dressing

Hollister Incorporated celebrates antibacterial foam dressing ...

Hollister Incorporated's new Hydrofera Blue Ready antibacterial foam dressing has been named a "Top 10 Innovation in Podiatry" according to the Podiatry Today journal, as well as a "Top Innovation ...