August 30, 2014 4:30 PM ET

Real Estate Investment Trusts (REITs)

Company Overview of Sentio Healthcare Properties, Inc

Company Overview

Sentio Healthcare Properties, Inc is a real estate investment trust launched by and managed by Sentio Investments, LLC. The fund invests in the real estate markets of the United States. It primarily makes investments in healthcare related real estate. The fund was formerly known as Cornerstone Healthcare Plus REIT Inc. Sentio Healthcare Properties, Inc was formed on October 16, 2006 and is domiciled in the United States.

189 South Orange Avenue

Suite 1700

Orlando, FL 32801

United States

Founded in 2006

Key Executives for Sentio Healthcare Properties, Inc

Chief Executive Officer
Age: 42
Chief Financial Officer
Age: 70
Senior Vice President
Age: 58
Compensation as of Fiscal Year 2014.

Sentio Healthcare Properties, Inc Key Developments

Sentio Healthcare Properties, Inc Acquires Real Estate Property from ERB PROPCO SAV, LLC

On July 21, 2014, Sentio Healthcare Properties Inc. became obligated pursuant to an agreement of sale dated May 22, 2014, as amended on July 6, 2014, July 7, 2014, July 14, 2014 and July 21, 2014 to acquire real estate property from ERB PROPCO SAV, LLC, for an approximate purchase price of $42.5 million. St. Andrews Village is a retirement community which consists of 146 independent living units, 60 assisted living units, and 40 skilled nursing facility units in Aurora, Colorado. Except with respect to specific contingencies, the company does not have the right to terminate the agreement of sale without seller's consent. The company expects to fund the purchase of St. Andrews Village with proceeds from the sale of preferred units of limited partnership interest in Sentio Healthcare Properties OP, L.P., operating partnership to an affiliate of Kohlberg Kravis Roberts & Co. in accordance with a securities purchase agreement executed on February 10, 2013, and with proceeds from a mortgage loan from an unaffiliated lender.

Sentio Healthcare Properties, Inc, Annual General Meeting, May 08, 2014

Sentio Healthcare Properties, Inc, Annual General Meeting, May 08, 2014., at 10:00 US Eastern Standard Time. Location: 189 South Orange Ave.. Agenda: To elect eight directors to hold office for one-year terms expiring in 2014; and to attend to such other business as may properly come before the meeting and any adjournment or postponement thereof.

William A. Bloomer Will Retire from the Board of Sentio Healthcare Properties, Inc in May 2014

Sentio Healthcare Properties Inc. announced that on March 14, 2014, William A. Bloomer informed the company’s board of directors that he would not stand for reelection and would retire from the board at the end of his current board term in May 2014.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
July 22, 2014
St. Andrews Village
Buyback
April 10, 2014
--
Merger/Acquisition
November 12, 2013
Compass on the Bay
 

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