Aviv REIT, Inc. (NYSE: AVIV) ("Aviv" or the "Company") announced today that it has commenced an underwritten public offering of 8,000,000 shares of its common stock. In connection with the offering, Aviv intends to grant the underwriters a 30-day option to purchase up to an additional 1,200,000 shares of common stock. - updated 4/9 - Aviv REIT, Inc. (NYSE: AVIV) ("Aviv" or the "Company") announced today the pricing of its underwritten public offering of 8,000,000 shares of common stock at a public offering price of $24.10 per share. The underwriters have a 30-day option to purchase up to an additional 1,200,000 shares of common stock. Subject to customary conditions, the offering is expected to close on April 15, 2014.
AVIV REIT is a self-administered real estate investment trust, specializing in the ownership and triple-net leasing of post-acute and long-term care skilled nursing facilities. As of Dec 31 2012, Co.'s portfolio consisted of 258 properties, comprised of 221 skilled nursing facilities, 22 assisted living facilities, 13 traumatic brain injury facilities, one long-term acute care hospital and one land parcel for development, with approximately 19,700 beds in 29 states triple-net leased to 38 operators.
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