News | Summit Healthcare REIT, Inc. Appoints New CFO

5

Sep
2014

Summit Healthcare REIT, Inc. Appoints New CFO

Lake Forest, Calif., (September 5, 2014) – Summit Healthcare REIT, Inc. (“Summit”) announced today that Elizabeth A. Pagliarini has been appointed Chief Financial Officer effective September 1, 2014. Ms. Pagliarini joined Summit in June 2014 as its Controller.

Ms. Pagliarini is a seasoned executive with over 20 years of experience in financial services and investment banking. Her background includes experience in finance, accounting, operations, compliance, securities litigation, and executive management.

Since 2008, Ms. Pagliarini has served as a principal at The Elizabeth Group, a company she founded to provide out-sourced chief financial officer services to registered investment advisers and broker-dealers, as well as services relating to securities litigation consulting. From 2005 to 2008, Ms. Pagliarini served as chief financial officer and chief compliance officer of an investment bank. Prior to that, she founded a boutique investment bank and registered broker-dealer, and served as chief executive officer and chairwoman of a Nasdaq-listed investment brokerage subsidiary.

Ms. Pagliarini received her B.S. in Business Administration with a concentration in Finance from Valparaiso University where she was honored with their highest academic award, the Presidential Scholarship. She is also a Certified Fraud Examiner and studied law and forensic accounting at UCLA.

Ms. Pagliarini proudly serves as Chairwoman of the Board of Directors for Forever Footprints, a non-profit organization that provides support to families that have suffered the loss of a baby during pregnancy or infancy and educates the medical community to improve quality of care and response.

“I am excited and honored to be a part of this executive team,” said Pagliarini. “Summit has executed a remarkable repositioning of its portfolio, and I am pleased to have the opportunity to contribute to the continued efforts for strategic growth and enhanced shareholder value.”

“With her expertise and enthusiasm, Elizabeth is an exemplary choice to fill this role,” said Kent Eikanas, President and Chief Operating Officer. “Since joining Summit, she has become an integral part of our accounting and reporting segments and essential to our smooth transition to self-management.”

Ms. Pagliarini replaces the interim chief financial officer, Dominic J. Petrucci, who has returned his focus to his commercial real estate investment and consulting company.

About Summit Healthcare REIT, Inc.

Summit is a publicly registered non-traded REIT that is currently focused on investing in senior housing real estate located throughout the United States. The current portfolio includes interests in 12 long-term triple-net leased healthcare facilities.

For more information, please contact Kiersten Mehl at (800) 978-8136.

This material does not constitute an offer to sell or a solicitation of an offer to buy Summit Healthcare REIT, Inc.

This release may contain forward-looking statements relating to the business and financial outlook of Summit Healthcare REIT, Inc. that are based on our current expectations, estimates, forecasts and projections and are not guarantees of future performance. Actual results may differ materially from those expressed in these forward-looking statements, and you should not place undue reliance on any such statements. A number of important factors could cause actual results to differ materially from any forward-looking statements contained in this release. Such factors include those described in the Risk Factors sections of the Company’s annual report on Form 10-K for the year ended December 31, 2013 and quarterly reports for the periods ended March 31, 2014, and June 30, 2014. Forward-looking statements in this document speak only as of the date on which such statements were made, and we undertake no obligation to update any such statements that may become untrue because of subsequent events. We claim the safe harbor protection for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995.