The board of Summit Healthcare REIT, a publicly registered non-traded real estate investment trust, has promoted Kent Eikanas to serve as the company’s chief executive officer, effective immediately. In addition, Elizabeth Pagliarini was promoted to chief operating officer and will retain her current role as chief financial officer.
Eikanas has served as the REIT’s COO since July 2012 and president since September 2012, while Pagliarini has served as chief financial officer since September 2014.
“These promotions reflect the significant contributions that both of these individuals have made in producing positive results for our company over the last five years,” said Chairman Steve Roush.
Summit Healthcare REIT currently focused on investing in senior housing real estate located throughout the United States. The current portfolio includes interests in 57 facilities located in 14 states. Summit Healthcare closed its offering in November 2010 after raising $172 million in investor equity.