News

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…

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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…

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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…

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