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February 12, 2016 12:32 PM ET

Real Estate Investment Trusts (REITs)

Company Overview of Summit Healthcare REIT, Inc.

Company Overview

Summit Healthcare REIT, Inc., is a real estate investment trust. It invests in the real estate markets of United States. The firm invests in healthcare properties. the Summit Healthcare REIT, Inc. was founded in 2004 and is based in Lake Forest, California.

2 South Pointe Drive

Suite 100

Lake Forest, CA 92630

United States

Founded in 2004

10 Employees

Phone:

800-978-8136

Fax:

949-852-2729

Key Executives for Summit Healthcare REIT, Inc.

President, Chief Operating Officer, and Secretary
Age: 45
Chief Financial Officer
Chief Investment Officer
Compensation as of Fiscal Year 2015.

Summit Healthcare REIT, Inc. Key Developments

Summit Healthcare REIT, Inc. Expands to New Hampshires

Summit Healthcare REIT, Inc. announced that it has acquired a 50-unit/59-bed assisted living facility in Littleton, New Hampshire, for a purchase price of $8.5 million in a sale-leaseback transaction on November 17, 2015. Summit has assumed the HUD loan collateralized by the property in the amount of approximately $4.7 million. The 34,684 square foot facility is operated by and leased to an affiliate of Riverglen House of Littleton, LLC pursuant to a 15-year triple net lease. Riverglen was developed by the current operator with the mission to develop and manage assisted living communities within town centers located on uniquely attractive sites.

Summit Healthcare REIT, Inc Acquires Interest in Four Skilled Nursing Facilities in Texas

Summit Healthcare REIT, Inc. announced that it has acquired a 10% interest in four skilled nursing facilities located in the cities of Granbury, Woodville, Jacksonville, and Longview, Texas, for a purchase price of $27 million in a sale-leaseback transaction on October 30, 2015. The facilities consist of a total of 483 licensed beds, and will be operated by and leased to a third party operator. The acquisition was made through a joint venture between Summit Healthcare Operating Partnership, LP and Best Years, LLC.

Summit Healthcare REIT, Inc. Elects Suzanne Koenig as Member of Board of Directors

Summit Healthcare REIT, Inc. announced that Suzanne Koenig has joined the Summit Board of Directors effective October 28, 2015, pursuant to an election held at the annual meeting of stockholders. Ms. Koenig is president and founder of SAK Management Services LLC. Recently Ms. Koenig has been appointed as the Patient Care Ombudsman.

Similar Private Companies By Industry

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RCPI Trust United States
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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
November 18, 2015
50-Unit/59-Bed Assisted Living Facility in Littleton, New Hampshire
Merger/Acquisition
November 5, 2015
4 Assisted Living and Memory Care Facilities Totaling 125 Units in Green Bay and Appleton, Wisconsin
Merger/Acquisition
May 27, 2015
Six Old-People Nursing Communities in Orange County, California
 

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