July 23, 2016 3:43 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

11 Employees

Phone:

800-978-8136

Fax:

949-852-2729

Key Executives for Summit Healthcare REIT, Inc.

President, Chief Operating Officer, and Secretary
Age: 46
Chief Financial Officer
Chief Investment Officer
Compensation as of Fiscal Year 2016.

Summit Healthcare REIT, Inc. Key Developments

Summit Healthcare REIT, Inc. Announces Resignation of Peter Elwell as Chief Investment Officer

Effective April 22, 2016, Peter Elwell resigned his position as Chief Investment Officer of Summit Healthcare REIT, Inc.

Summit Healthcare REIT, Inc., Annual General Meeting, May 11, 2016

Summit Healthcare REIT, Inc., Annual General Meeting, May 11, 2016, at 10:00 Pacific Daylight. Location: 2 South Pointe Drive, Suite 100 Lake Forest, CA 92630 United States Agenda: To elect three directors to hold office for one-year terms expiring in 2017; and to attend to such other business as may properly come before the meeting and any adjournment or postponement thereof.

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.

Similar Private Companies By Industry

Company Name Region
Accredited Mortgage Loan REIT Trust United States
AEGIS Investment Trust United States
Alanar Real Estate Investment Trust Series 1 Corp. United States
American Realty Capital Hospitality Trust, Inc. United States
Arden Realty LP United States

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
 

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