IRVINE, CA-Cornerstone Core Properties REIT, Inc. has changed its name to Summit Healthcare REIT, Inc. (or SH REIT). Coming after a strategic repositioning of the company's portfolio into senior housing facilities, the new name is intended to better reflect SH REIT's investment focus on healthcare real estate.
“With our focus 100% on healthcare, we believe that it is the right time to change our company name to symbolize the start of this new chapter in our story,” said Kent Eikanas, president and chief operating officer of Summit Healthcare REIT, Inc.
“Our acquisitions over the last year have created a solid foundation upon which to grow SH REIT. We are excited about our growth potential and look forward to our future,” said Timothy Collins, chief financial officer of Summit Healthcare REIT, Inc.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
