Summit Healthcare REIT Enhances Leadership with Key Executive Contracts

Summit Healthcare REIT, Inc., a Maryland-based real estate investment trust, has announced significant updates to its executive team through new employment agreements for Chief Executive Officer Elizabeth Pagliarini and Chief Financial Officer Sharyn Grant. Approved by the company's Compensation Committee and Board of Directors, the agreements underscore the REIT's focus on leadership stability as it continues its operations in the healthcare real estate sector.

Effective December 3, 2024, and November 6, 2024, respectively, the contracts include a three-year term and notable financial provisions. Ms. Pagliarini will receive an annual base salary of $575,000, while Ms. Grant's base salary is set at $250,000 per year. These contracts feature standard terms for executive compensation, including performance bonuses, benefits, and eligibility for equity compensation.

In addition, provisions for special cash payments have been outlined in the event of termination without cause or a company ownership transition. These agreements reflect Summit Healthcare REIT's commitment to maintaining a strong and effective leadership team.

Summit Healthcare REIT, headquartered in Laguna Niguel, California, focuses on owning and managing healthcare-related real estate properties. This leadership announcement aligns with its ongoing efforts to navigate the evolving landscape of healthcare real estate investments and deliver value to its stakeholders.

The contracts mark a critical step in ensuring strong executive oversight as the company prepares for its future challenges and opportunities.