Attached files
| file | filename |
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| EX-99.1 - Sentio Healthcare Properties Inc | v206622_ex99-1.htm |
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of
the
Securities Exchange Act of 1934
Date of
Report (Date of earliest event reported):
December
22, 2010
CORNERSTONE
HEALTHCARE PLUS REIT, INC.
(Exact
name of registrant as specified in its charter)
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Maryland
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000-53969
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20-5721212
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(State
or Other Jurisdiction of Incorporation)
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(Commission
File Number)
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(I.R.S.
Employer Identification Number)
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1920
Main Street, Suite 400
Irvine,
California 92614
(Address
of principal executive offices)
(949)
852-1007
(Registrant’s
telephone number, including area code)
Not
Applicable
(Former
name or former address, if changed since last report)
Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligations of the registrant under any of the following
provisions.
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¨
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
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¨
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14d-2(b)
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¨
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b)
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¨
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c)
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Item
8.01. Other Information
River’s
Edge of Yardley
On
December 22, 2010, through a wholly-owned subsidiary, we purchased a dementia
and memory care facility, Sunrise at Floral Vale, located in Yardley,
Pennsylvania. The property was purchased from Sunrise Floral Vale Senior Living,
LP., a non-related party, for a purchase price of $4.5 million. The
property will be rebranded as River’s Edge of Yardley (the “River’s
Edge”). The acquisition was funded with our revolving credit facility
from KeyBank National Association and with proceeds from our initial public
offering.
River’s
Edge is a 36 unit, purpose built dementia and memory care facility. Built in
1996, the property is located in Yardley, Pennsylvania, an infill suburb of
Philadelphia. The property is situated just across the river from Trenton, New
Jersey and close to Interstate 95. The property will be managed by
Woodbine Senior Living, LLC.
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ITEM 9.01
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FINANCIAL STATEMENTS AND
EXHIBITS.
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(d)
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Exhibits
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99.1
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Press
Release dated December 27,
2010
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SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, as amended, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
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CORNERSTONE
HEALTHCARE PLUS REIT, INC.
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Dated: December
27, 2010
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By:
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/s/ Sharon C. Kaiser
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Sharon
C. Kaiser,
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Chief
Financial Officer
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