AVIV REIT CLOSES INITIAL PUBLIC OFFERING OF COMMON STOCK

CHICAGO — Real estate investment firm Aviv has closed its initial public offering of 13.2 million shares of its common stock at an offering price of $20 per share. Including the overallotment option, Aviv sold 15.1 million shares in the offering and received net proceeds of approximately $278.8 million. The company’s common stock is listed on the New York Stock Exchange under the symbol “AVIV.” Aviv intends to use the net proceeds from the offering to repay certain indebtedness and for general corporate purposes, including the potential acquisition of additional properties. Morgan Stanley, Bank of America Merrill Lynch and Goldman, Sachs & Co. acted as joint book-running managers of the offering, and Citigroup, RBC Capital Markets, SunTrust Robinson Humphrey, RBS and CSCA acted as co-managers. Chicago-based Aviv REIT owns 258 post-acute and long-term care skilled nursing facilities and other healthcare properties.