CNL Healthcare Properties II Now Accepting Subscriptions from Washington and Ohio Residents
CNL Healthcare Properties II, a publicly registered non-traded real estate investment trust, has crossed $20 million in sales of its Class A, Class T and Class I shares of common stock. Reaching this sales threshold allows the REIT to meet the minimum requirements to expand sales to Washington and Ohio, making the investment available to residents in every state but Pennsylvania.
“We are pleased to now be able to offer our equity securities in both Washington and Ohio,” said Stephen Mauldin, CEO of CNL Healthcare Properties II. “Investors in these two states have historically been important components of shareholder bases in other CNL-sponsored funds and we look forward to enhanced momentum as we continue to launch and grow our newest healthcare enterprise.”
CNL Healthcare Properties II commenced its $1.75 billion initial public offering in March 2016 and broke escrow in July. The company, which intends to invest in senior housing, medical office, acute care and post-acute care properties, acquired its first property in March 2017 for $21.4 million.
