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Revenue increased significantly by 33.8% in 2016; EBITDA increased 30.3% y-o-y; Steady Financial Development with Optimized Debt Structure; Development into Industrial Financial Group Accelerates
LAKE FOREST, Calif., March 7, 2017 /PRNewswire/ -- Summit Healthcare REIT, Inc. ("Summit" or the "REIT") announced today that it has acquired an interest in two skilled nursing facilities located in the Northeast on February 28, 2017. The facilities, acquired for a total purchase price of $27.0 million, consist of a total of 318 licensed beds, and will be operated by and leased to the existing operator.
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China’s largest property management firm sees net interim profit decline by 5.2pc to 73.5 million yuan
Despite a slowdown in China’s domestic real estate market, Chinese property management firms have accelerated their expansion plans with some keen to go public in Hong Kong, prompting analysts to predict a rosy future for the sector. (0-1)