Aug 16 (Reuters) - Vivere Communities Inc VCOM.V :
* VIVERE COMMUNITIES INC. ANNOUNCES PROPOSED ACQUISITION AND NON-BROKERED PRIVATE PLACEMENT FINANCING
* VIVERE COMMUNITIES INC - WILL ACQUIRE 542 AND 550 RYAN STREET FOR AN AGGREGATE PURCHASE PRICE OF $5.5 MILLION SUBJECT TO ADJUSTMENTS AT CLOSING
* VIVERE COMMUNITIES INC - WILL PLACE A COLLATERAL MORTGAGE IN MAXIMUM AMOUNT OF $4.1 MILLION WITH BALANCE OF PURCHASE PRICE PAYABLE IN CASH FROM PROCEEDS