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

Aviv REIT offers public stock

Aviv REIT announced the public offering of 8 million shares of common stock at a public offering price of $24.10 per share.

NCAL unveils 2014 Assisted Living Week logo

NCAL unveils 2014 Assisted Living Week logo

The National Center for Assisted Living is encouraging communities to use the 2014 "The Magic of Music" logo to celebrate National Assisted Living Week.

New healthcare educational catalog available

New healthcare educational catalog available

Nasco has released its 2014-2015 Health Care Educational Materials catalog, which focuses on training with versatile medical procedure simulators.