$3 Billion REIT Acquisition

October 31, 2014

Cleary Gottlieb is representing Goldman Sachs, as financial advisor to Aviv REIT, in its sale to Omega Healthcare Investors in a stock-for-stock merger. Based on the closing price prior to announcement, the deal values Aviv at $3 billion. The deal was announced on October 31, 2014 and is expected to close in the first quarter of 2015.

Aviv is a REIT that specializes in post-acute and long-term care skilled nursing facilities and other healthcare properties with 329 properties in 29 states.

Omega is a REIT that invests in and provides financing to the long-term care industry. Omega owns or finances 562 properties across 37 states.