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Aviv REIT sets terms for $251 million IPO

Aviv REIT, a REIT specializing in owning and acquiring skilled nursing facilities, announced terms for its IPO on Monday. The Chicago, IL-based company plans to raise $251 million by offering 13.2 million shares at a price range of $18 to $20. At the midpoint of the proposed range, Aviv REIT would command a fully diluted market value of $908 million. Aviv REIT, which was founded in 2005 and booked $123 million in sales for the 12 months ended 12/31/2012, plans to list on the NYSE under the symbol AVIV. Aviv REIT initially filed confidentially on 10/31/2012. Morgan Stanley, BofA Merrill Lynch and Goldman Sachs are the joint bookrunners on the deal.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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