Summit Healthcare REIT, Inc. Sells Skilled Nursing Portfolio in California

Summit Healthcare REIT, Inc. (“Summit”) announces that it has sold a portfolio of three skilled nursing facilities located in San Bernardino County, California on September 6, 2024. The portfolio, which consists of a total of 191 licensed beds, sold for a price of $30,000,000 to affiliates of the current operator of the facilities. The sale of this portfolio yielded an internal rate of return (IRR) of over 50% for Summit.

Read the full article: Summit Healthcare REIT, Inc. Sells Skilled Nursing Portfolio in California //

Source: https://www.prnewswire.com/news-releases/summit-healthcare-reit-inc-sells-skilled-nursing-portfolio-in-california-302245541.html

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