December 18, 2014 9:32 AM ET

Real Estate Investment Trusts (REITs)

Company Overview of Summit Healthcare REIT, Inc.

Company Overview

Summit Healthcare REIT, Inc., is a real estate investment trust. As of December 31, 2007, its portfolio consisted of 11 properties located in North Tempe and Phoenix, Arizona; Santa Fe Springs, Westminster, and Torrance, California; and Tampa and Orlando, Florida. The company qualifies as a REIT for federal income tax purposes. As a REIT, it would not be subject to federal income tax to the extent that it distributes at least 90% of its taxable income to its shareholders. The company was founded in 2004 and is based in Irvine, California.

1920 Main Street

Suite 400

Irvine, CA 92614

United States

Founded in 2004

Phone:

949-852-1007

Fax:

949-852-2729

Key Executives for Summit Healthcare REIT, Inc.

Chairman of The Board
Age: 60
President and Chief Operating Officer
Age: 44
Chief Financial Officer
Senior Vice President and Secretary
Age: 58
Vice President
Compensation as of Fiscal Year 2014.

Summit Healthcare REIT, Inc. Key Developments

Summit Healthcare REIT, Inc. Names J. Steven Roush as A Member of Its Board of Directors, Independent Directors Committee, Compensation Committee and as Chair of the Audit Committee

On September 17, 2014, Summit Healthcare REIT, Inc. entered into a Purchase and Sale Agreement with two unaffiliated third parties, Cook-Knighting Realty, LLC and Cook- Knighting, LLC, to acquire a 78-bed assisted living facility known as Loving Arms Assisted Living in Front Royal, Virginia for $14,300,000 J. Steven Roush, CPA was appointed to the company's Board of Directors on December 10, 2014, and will serve as a member of the Independent Directors Committee, Compensation Committee and as Chair of the Audit Committee. He worked at PricewaterhouseCoopers for over 39 years, 30 of those as a partner. Mr. Roush serves on the Board of Directors and as Chair of the Audit Committee of AirTouch Communications, Inc. Mr. Roush is also a member of the Board of Directors and Chairman of the Audit Committee of W.E. Hall Company.

Summit Healthcare REIT, Inc. Acquires Skilled Nursing Facility

Summit Healthcare REIT, Inc. announced 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 Management Corp. pursuant to a 15-year triple net lease.

Summit Healthcare REIT, Inc., Annual General Meeting, Dec 10, 2014

Summit Healthcare REIT, Inc., Annual General Meeting, Dec 10, 2014., at 10:00 Pacific Standard Time. Location: 2 South Pointe Drive, Suite 100. Agenda: To elect two directors to hold office for one-year terms expiring in 2015; to approve, by a non-binding advisory vote, the compensation paid to named executive officers; to select, by a non-binding advisory vote, the frequency at which the stockholders will be asked to approve, by a non-binding advisory vote, the compensation paid to named executive officers; and to attend to such other business as may properly come before the meeting and any adjournment or postponement thereof.

Similar Private Companies By Industry

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Prime Realty Income Trust, Inc. United States

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
December 15, 2014
Cook- Knighting, LLC And Cook-Knighting Realty, LLC
Merger/Acquisition
September 3, 2014
A Facility In Oregon
Merger/Acquisition
September 3, 2014
Two Skilled Nursing Facilities in Southern Colorado
 

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