Karan Associates Two, L.L.C. S-4 Registration of securities issued in business combination transactions

EXHIBIT 12.1

AVIV REIT, INC. AND SUBSIDIARIES

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

	Year Ended December 31,															Six Months Ended June 30,
	2008			2009			2010			2011			2012			2013
Earnings:
Net income	$	16,874,193		$	33,680,631		$	37,982,720		$	11,313,124		$	8,593,429		$	1,964,231
Add: Fixed Charges		26,869,721			27,373,757			23,787,960			39,308,018			52,034,714			22,937,040
Earnings, as adjusted (A)	$	43,743,914		$	61,054,388		$	61,770,680		$	50,621,142		$	60,628,143		$	24,901,271
Fixed charges:
Interest expensed and capitalized	$	26,333,101		$	26,823,430		$	22,779,901		$	36,643,084		$	48,906,645		$	21,397,424
Amortized premiums discounts and capitalized expenses related to indebtedness		536,620			550,327			1,008,059			2,664,934			3,128,069			1,539,616
Fixed charges, as adjusted (B)	$	26,869,721		$	27,373,757		$	23,787,960		$	39,308,018		$	52,034,714		$	22,937,040
Ratio of earnings to fixed charges ((A) divided by (B)):		1.63	x		2.23	x		2.60	x		1.29	x		1.17	x		1.09	x