Summit Healthcare REIT, Inc. Acquires An Interest In 14 Skilled Nursing/Assisted Living Facilities In Indiana

Summit Healthcare REIT (Summit) recently announced it has acquired an interest in 14 skilled nursing/assisted living facilities in Indiana. The $125 million transaction includes more than 1,100 licensed beds, and was made via a newly formed joint venture between a wholly-owned subsidiary of Summit and a global institutional asset management firm.

The new joint venture plans to continue focusing on quality regional operators, but on a larger scale. Summit currently includes interests in 57 senior housing facilities in 14 states.

The objective of Summit Healthcare REIT is to provide investors with a diversified, income-producing portfolio of . . .