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Aviv REIT Inc Announces Closing Of $14.4 Million Acquisition

Wednesday, 22 May 2013 08:30am EDT 

Aviv REIT Inc announced it has acquired a post-acute and long-term care skilled nursing facility (SNF) in Ohio for $14.4 million. The property is triple-net leased to existing Aviv tenant Saber. Saber is an operator of SNFs and assisted living facilities with 71 facilities in 5 states. The triple-net lease has an initial cash yield of 10.0%, initial lease term of 10 years and an annual compounded escalator based on CPI. The transaction was funded with the Company's revolving credit facility. 

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21 Jul 2014