News

24

Oct
2013

Summit Healthcare REIT, Inc.

Summit Healthcare REIT, Inc.

Cornerstone Core Properties REIT, Inc. Changes Name to Summit Healthcare REIT, Inc. Irvine, Calif., (October 24, 2013) – Cornerstone Core Properties REIT, Inc. announced today that it has changed its name to Summit Healthcare REIT, Inc. (the “Company” or “SH REIT”). After a strategic repositioning of the Company’s portfolio into senior housing facilities, the new name is intended to better reflect SH REIT’s investment focus…

Read more

8

Oct
2013

North Carolina Portfolio

North Carolina Portfolio

Summit Healthcare REIT, Inc.  Acquires Assisted Living Portfolio.  Irvine, Calif., (October 8, 2013) – Summit Healthcare REIT, Inc. (“Summit”) announced today that it acquired three assisted living facilities in North Carolina for a purchase price of approximately $15.3 million on October 4, 2013. The three facilities acquired include Carteret House in Newport, N.C., a 29,570 square foot facility with 64 beds built in 1994; Hamlet…

Read more

3

Jul
2013

Aledo

Aledo

  Summit Healthcare REIT, Inc.  Acquires Assisted Living Facility  Through Joint Venture Irvine, Calif., (July 3, 2013) – Summit Healthcare REIT, Inc. (“Summit”) announced today that it acquired on July 2, 2013, a 66-unit assisted living facility built in 2006 located in Aledo, Illinois for approximately $8.6 million. The facility has recently enjoyed an occupancy rate at or above 95%. The facility has been triple-net…

Read more

6

Feb
2013

Danby

Danby

  Summit Healthcare REIT, Inc. Acquires Skilled Nursing Facility Through Joint Venture Irvine, Calif., (February 6, 2013) – Summit Healthcare REIT, Inc. (“Summit”) made an investment in a joint venture that acquired a 99-bed assisted living and memory care facility in Winston-Salem, North Carolina in an $9.7 million transaction. The facility has been leased to the current operator pursuant to a ten-year triple net lease. The…

Read more

31

Dec
2012

Pacific

Pacific

  Summit Healthcare REIT, Inc. Acquires Skilled Nursing Facility Through Joint Venture Irvine, Calif., (December 31, 2012) – Summit Healthcare REIT, Inc. (“Summit”)  made an investment in a joint venture that acquired a 78-bed skilled nursing facility in Tigard, Oregon in an $8.2 million transaction.* The facility has been leased to the current operator, Dakavia Management, pursuant to a 15-year triple net lease. Dakavia Management has…

Read more

19

Sep
2012

Farmington & Friendswood

Farmington & Friendswood

  Summit Healthcare REIT, Inc. Acquires Memory Care & Skilled Nursing Facilities Through JV Irvine, Calif., (September 19, 2012) – Summit Healthcare REIT, Inc. (“Summit”) made an investment in a joint venture that acquired a 71-bed memory care facility in Medford, Oregon in an $8.5 million transaction and a 150-bed skilled nursing facility in Galveston County, Texas in a $15.0 million transaction.* Both facilities were acquired…

Read more

27

Aug
2012

Fernhill & Sheridan

Fernhill & Sheridan

Summit Healthcare REIT, Inc. Acquires Portfolio of Skilled Nursing Facilities through Joint Venture Irvine, Calif., (August 27, 2012) – Summit Healthcare REIT, Inc. made an investment in a joint venture that acquired that acquired two skilled nursing facilities on August 3, 2012, collectively known as the “Portland Properties,” located in the greater Portland, Oregon metropolitan area in an $8.6 million transaction.* The Portland Properties have 102 beds in operation…

Read more


Page 3 of 3123