Skip to content

CNL Healthcare Properties II Appoints New Chief Accounting Officer

The board of CNL Healthcare Properties II Inc., a publicly registered non-traded real estate investment trust, appointed L. Burke Rainey to serve as the company’s chief accounting officer and vice president, according to a filing with the Securities and Exchange Commission.

Rainey replaces Ixchell Duarte, who has served as chief accounting officer and senior vice president since January 2016. According to the company, she will continue to serve in the SVP role and will assume additional senior leadership responsibilities in accounting and financial reporting with the REIT’s sponsor, CNL Financial Group.

Before assuming his new role, Rainey served as the company’s controller since its inception and previously served in similar capacities at other CNL non-traded REITs.

Prior to joining CNL, he worked in the assurance practice of Ernst & Young LLP’s Miami office, most recently serving as an audit manager on several multinational clients. He is a licensed certified public accountant in Florida and a chartered global management accountant. Rainey received a bachelor’s degree in accounting and a master’s degree with a concentration in financial reporting and assurance services from the Mendoza College of Business at the University of Notre Dame.

CNL Healthcare Properties II commenced its $1.75 billion initial public offering in March 2016 and broke escrow in July. The company intends to invest in senior housing, medical office, acute care and post-acute care properties and has raised approximately $13.2 million in investor equity since inception. The company purchased its first property in April 2017 for $21.4 million.

Click here to visit The DI Wire directory page.