Aviv Healthcare Properties 10-K 2011 FY Annual report

EXHIBIT 12.1

AVIV REIT, INC. AND SUBSIDIARIES

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(Dollars in thousands)

	2009			2010			2011
Earnings:
Net income	$	33,680,631		$	37,982,720		$	11,313,124
Add:
Fixed Charges		27,373,757			23,787,960			39,308,018
Earnings, as adjusted (A)	$	61,054,388		$	61,770,680		$	50,621,142
Fixed charges:
Interest expensed and capitalized	$	26,823,430		$	22,779,901		$	36,643,084
Amortized premiums discounts and capitalized expenses related to indebtedness		550,327			1,008,059			2,664,934
Fixed charges, as adjusted (B)	$	27,373,757		$	23,787,960		$	39,308,018
Ratio of earnings to fixed charges ((A) divided by (B)):		2.23	x		2.60	x		1.29	x