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CHICAGO—Aviv REIT, Inc., a Chicago-based trust focused on healthcare properties, has just acquired 28 healthcare properties for $305 million from Diamond Senior Living, LLC, a subsidiary of General Electric Credit Corp. of Tennessee. The acquisition includes 23 skilled nursing facilities, four assisted living facilities, one independent living facility and one office building, located in Michigan, Ohio, North Carolina, Virginia and Indiana. Laurel Health Care, a Westerville, OH-based operator, runs all of the facilities under triple net leases at an initial cash yield of 8.5% with 15 years remaining.  


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