CNL Healthcare Properties, a publicly registered non-traded real estate investment trust, invested approximately $540.7 million in 25 medical office buildings and seniors housing communities during the first seven months of 2015. These acquisitions bring the company’s total portfolio to 125 assets in 29 states with a value of approximately $2.5 billion.
Stephen H. Mauldin, president and chief executive officer of CNL Healthcare Properties, said, “These properties, the majority of which have been built or renovated in the last 10 years, continue to diversify and strengthen our real estate holdings. We are excited to add these healthcare assets to our portfolio.”
The CNL Healthcare Properties portfolio now has 65 seniors housing communities, 46 medical office buildings, nine post-acute care facilities and five acute care hospitals. Approximately 76 percent of the medical office buildings are located on or adjacent to hospital campuses. As of July 31, 2015, the average age of the assets in the portfolio is 9.7 years, with the average age of the company’s seniors housing assets being 7.7 years. The weighted average time remaining on tenant leases is 7.6 years.
CNL Healthcare Properties, Inc., is a real estate investment trust 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.
CNL Financial Group 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. The company is headquartered in Orlando, Florida.