Summit Healthcare REIT, Inc. Completes First Acquisition Irvine, Calif., (December 31, 2013) – Summit Healthcare REIT, Inc. (“SH REIT”) announced today that it has completed its first acquisition since changing its name from Cornerstone Core Properties REIT, Inc. in October 2013. On December 18, 2013 for approximately $3.5 million, SH REIT…
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…
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…
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…
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…
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…
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…
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…