CNL Healthcare Properties Commits More Than $1 Billion for Acquisitions and Development in 2015
REIT has its busiest year, tops $3 billion in assets under management
(ORLANDO, Fla.) Feb. 11, 2016 — CNL Healthcare Properties, a real estate investment trust (REIT) focused on seniors housing and healthcare facilities, invested a total of $1.02 billion to acquire or initiate development on 44 new properties in 2015. The company acquired or committed to develop these properties through 30 separate transactions, making 2015 the busiest year for acquisitions and development since the REIT began investing in early 2012.
CNL Healthcare Properties’ portfolio now contains 144 seniors housing, medical office buildings, acute care and post-acute care facilities in 33 states. The company has assets under management totaling more than $3 billion.
“2015 was a very active and extraordinarily productive investment year for the company,” said Stephen H. Mauldin, president and CEO of CNL Healthcare Properties. “In addition to acquiring a variety of stabilized assets, we strategically deployed capital into the construction of new properties, commencing $142 million of new ground-up development projects last year. We have a portfolio with an average age of less than 10 years, which we believe will help drive returns for our shareholders.”
Of the 30 separate transactions completed by CNL Healthcare Properties in 2015, the average transaction size was $34 million. The largest transaction completed in 2015 was a $195 million portfolio purchase of five seniors housing communities.
About CNL Healthcare Properties
CNL Healthcare Properties, Inc., is a real estate investment trust (REIT) that focuses on acquiring properties in the seniors housing and healthcare sectors, including stabilized, value-add and development assets, as well as other income-producing properties, real-estate related securities and loans. CNL Financial Group, LLC is the sponsor of CNL Healthcare Properties. For more information, visit cnlhealthcareproperties.com.
About CNL Financial Group
CNL Financial Group (CNL) is a leading private investment management firm providing global real estate and alternative investments. Since inception in 1973, CNL and/or its affiliates have formed or acquired companies with more than $33 billion in assets. CNL is headquartered in Orlando, Florida. For more information, visit cnl.com.
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