By: Jeff Shaw, Managing Editor SENIORS HOUSING BUSINESS Summit Healthcare REIT purchased Riverglen House of Littleton, an assisted living community in New Hampshire, for $8.5 million in November. The purchase marked the end of a $53.9 million acquisition spree by the company that month. Non-traded REIT sells off industrial assets…

Lake Forest, Calif., (November 18, 2015) – Summit Healthcare REIT, Inc. (“Summit”) announced today that it has acquired a 50-unit/59-bed assisted living facility in Littleton, New Hampshire, for a purchase price of $8.5 million in a sale-leaseback transaction on November 17, 2015. Summit has assumed the HUD loan collateralized by…

Lake Forest, Calif., (November 5, 2015) – Summit Healthcare REIT, Inc.. (“Summit” or the “REIT”) announced today that it has acquired four Wisconsin assisted living and memory care facilities. The properties are located in the cities of Green Bay and Appleton, and were purchased for approximately $18.4 million on November…

Lake Forest, Calif., (November 4, 2015) – Summit Healthcare REIT, Inc.. (“Summit” or the “REIT”) announced today that it has acquired a 10% interest in four skilled nursing facilities located in the cities of Granbury, Woodville, Jacksonville, and Longview, Texas, for a purchase price of $27 million in a sale-leaseback…

Lake Forest, Calif., (November 2, 2015) – Summit Healthcare REIT, Inc. (“Summit”) announced today that Suzanne Koenig has joined the Summit Board of Directors effective October 28, 2015, pursuant to an election held at the annual meeting of stockholders. Ms. Koenig is president and founder of SAK Management Services LLC,…

Lake Forest, Calif., (June 24, 2015) – Summit Healthcare REIT, Inc. (“Summit” or the “REIT”), announced today that its president, Kent Eikanas, recently spoke at IBC’s Healthcare Facilities ASIA conference which was held June 8-11, 2015 at the Carlton Hotel in Singapore. He was asked to speak on the topic…

Lake Forest, Calif., (May 1, 2015) – Summit Healthcare REIT, Inc. (“Summit” or the “REIT”), announced today that its wholly-owned affiliate Summit Healthcare Operating Partnership (“Summit OP”) entered into a joint venture with Best Years, LLC (“Best Years”). The new joint venture entity will own six properties in the REIT’s…

Lake Forest, Calif., (Jan. 7, 2015) – Summit Healthcare REIT, Inc. (“Summit”) announced today that it acquired two senior living facilities on December 31, 2014, for a total purchase price of approximately $14.2 million. The two facilities acquired include Gateway Care and Retirement Center, a 38,034 square foot facility located…

Lake Forest, Calif., (Nov. 6, 2014) – Summit Healthcare REIT, Inc. (“Summit”) announced today that it acquired a 55-bed skilled nursing facility in Myrtle Point, Oregon for a purchase price of approximately $4.2 million on Oct. 31, 2014. The 18,105 square foot facility will be operated by and leased to Dakavia…

Lake Forest, Calif., (Sept. 29, 2014) – Summit Healthcare REIT, Inc. (“Summit”) announced today that it acquired two skilled nursing facilities in Colorado for a purchase price of approximately $8 million on Sept. 22, 2014. The two facilities acquired include Juniper Village at Lamar, which is a 22,000 square foot…