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Aviv REIT prices IPO at $20 high end, raising $264 million

March 20, 2013

Aviv REIT, which specializes in post-acute and long-term care skilled nursing facilities, raised $264 million by offering 13.2 million shares at $20, the high end of the range of $18 to $20. Aviv REIT, which initially filed confidentially on 10/31/2012, plans to list on the NYSE under the symbol "AVIV". Morgan Stanley, BofA Merrill Lynch and Goldman Sachs acted as lead managers on the deal.