Aviv REIT, Inc. has bought nine skilled nursing facilities in Kentucky and Iowa, in two separate transactions, for $48.5 million.
Seven of the properties are in Kentucky and triple-net leased to Aviv operator Providence Group. The other two skilled nursing facilities are in Iowa and triple-net leased to Aviv operator Trillium Healthcare.
“We have enhanced our diversified portfolio by creating another new operator relationship with the Providence team, which has over 20 years of experience operating SNFs, and by doing another acquisition with Trillium, an operator relationship we have built over the past five years,” said Craig M. Bernfield, chairman and CEO of Aviv.
