News

14

Aug
2019

Summit Healthcare REIT, Inc. Promotes Kent Eikanas To Chief Executive Officer And Elizabeth Pagliarini To Chief Operating Officer

LAKE FOREST, Calif., Aug 14, 2019 — Summit Healthcare REIT, Inc’s (“Summit”) Board of Directors announced that Kent Eikanas has been promoted to the position of Chief Executive Officer, effective immediately. In addition, Elizabeth Pagliarini was promoted to the role of Chief Operating Officer for Summit, as well as retaining her current role as Chief Financial Officer. Mr. Eikanas has served as Chief Operating Officer…

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20

Jun
2019

Summit Healthcare REIT, Inc. CFO To Participate At The UCI Women’s Leadership Certificate Program

LAKE FOREST, Calif., June 20, 2019 — Summit Healthcare REIT, Inc. (“Summit”) announced today that Elizabeth Pagliarini, the company’s Chief Financial Officer, will participate in a three-day Women’s Leadership Certificate Program offered by UCI Paul Merage School of Business from June 26 to 28, 2019 at UCI, Irvine, California. Ms. Pagliarini will be a panelist on Executive Panel: Women on Boards on Thursday, June 27,…

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29

May
2019

Summit CFO Elizabeth Pagliarini elected to First Foundation, Inc. Board of Directors

IRVINE, Ca.—May 28, 2019 – First Foundation Inc. (NASDAQ: FFWM), a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, announced today the newly elected members to its Board of Directors, Elizabeth Pagliariniand Diane Rubin. “We are pleased to welcome Elizabeth and Diane to the First Foundation Board of Directors,” said Scott F. Kavanaugh, CEO of First Foundation. “Their…

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9

May
2019

The Bottom Line: How Summit REIT CFO Pagliarini Evaluates Skilled Nursing Deals

Summit Healthcare REIT, Inc. has a bullish outlook on skilled nursing properties over the coming years, but that doesn’t mean every property is a winner. As of the end of 2018, the Lake Forest, Calif.-based real estate investment trust (REIT) owned four skilled nursing properties outright and 27 through various joint ventures — and that was before Summit snapped up 14 more buildings in Indiana…

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9

May
2019

Summit Healthcare REIT, Inc. To Participate At The 7th Annual IMN Real Estate CFO & COO Forum (West)

LAKE FOREST, Calif., May 9, 2019 — Summit Healthcare REIT, Inc. (“Summit”) announced today that Elizabeth Pagliarini, the company’s Chief Financial Officer, will participate in a CFO Roundtable discussion at the 7th Annual Information Management Network (IMN) Real Estate CFO & COO Forum (West) on Thursday, May 16 at The Fairmont Miramar Hotel in Santa Monica, California. The roundtable panel will discuss how they are…

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20

Mar
2019

Summit Healthcare REIT, Inc. acquires an interest in 14 skilled nursing/assisted living facilities in Indiana

LAKE FOREST, Calif., March 20, 2019 — Summit Healthcare REIT, Inc. (“Summit”) announced that it has acquired an interest in 14 skilled nursing/assisted living facilities throughout Indiana on March 13, 2019. The facilities, acquired for $125 million, consist of a total of over 1,100 licensed beds and will be leased back to the seller on a triple net basis. The acquisition was made through a…

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26

Nov
2018

Summit Healthcare REIT, Inc. announces cash dividend

Lake Forest, Calif., (November 26, 2018) – Summit Healthcare REIT, Inc. (“Summit”) announced today that its Board of Directors has declared a cash dividend of $0.0651 per common share. The dividend is payable to common stockholders of record as of the close of business on January 15, 2019. The Company intends to pay the dividend on or about January 31, 2019. “The Board is extremely…

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13

Nov
2017

Summit Healthcare REIT, Inc. acquires an interest in six skilled nursing, assisted living, and independent living facilities in Iowa

Lake Forest, Calif., (November 13, 2017) – Summit Healthcare REIT, Inc. (“Summit”) announced that it has acquired an interest in six skilled nursing/assisted living/independent living facilities throughout Iowa on November 8, 2017. The facilities, acquired for a total purchase price of $29.5 million, consist of a total of 551 licensed beds, and will be leased to a third party operator on a NNN lease. The…

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14

Aug
2017

Summit Healthcare REIT, Inc. acquires an interest in nine skilled nursing facilities in the Northeast

Lake Forest, Calif., (August 14, 2017) – Summit Healthcare REIT, Inc. (“Summit”) announced today that it has acquired an interest in nine skilled nursing facilities located in the Northeast on August 10, 2017. The facilities, acquired for a total purchase price of $60 million, consist of a total of 1,285 licensed beds, and will be leased back to the existing operator. The acquisitions were made…

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18

Jul
2017

Summit Healthcare REIT, Inc. acquires an assisted living/memory care facility in Arizona

Lake Forest, Calif., (July 18, 2017) – Summit Healthcare REIT, Inc. (“Summit” or the “REIT”) announced today that it has acquired an assisted living and memory care facility located in Chandler, Arizona on July 17, 2017. The facility, acquired for a total purchase price of $13.4 million, consists of a total of 90 licensed beds, and will be leased to Compass Senior Living (“Compass”), an…

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