Aviv REIT announces $71M acquisitions of California, Texas nursing facilities

Aviv REIT announced it has acquired eight post-acute and long-term care skilled nursing facilities in California and Texas, in three separate transactions for $70.7M. These acquisitions are follow-on investments with existing operator relationships and the opportunities were brought exclusively to Aviv by the operators. These triple-net leases have a blended initial cash yield of 9.7%, annual escalators and lease terms of ten years.