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Aviv REIT Inc Announces Closing Of $3.5 Million Acquisition

Tuesday, 3 Sep 2013 08:35am EDT 

Aviv REIT, Inc announced that it has acquired a post-acute and long-term care skilled nursing facility ("SNF") in Texas for $3.5 million. The property is triple-net leased to existing Aviv tenant Trinity Healthcare, LLC ("Trinity"). Trinity is an operator of SNFs with 3 facilities in Texas, all of which are leased from Aviv. The triple-net lease has an initial cash yield of 11.00%, initial lease term of 10 years and an annual compounded escalator based on CPI. 

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0.55 +1.64%
19 Dec 2014