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CNL Healthcare Properties II Declares Initial Net Asset Value

The board of CNL Healthcare Properties II, a publicly registered non-traded real estate investment trust, approved an estimated net asset value per share of $10.00 for all share classes as of June 30, 2017.

The per share public offering price for each class of common stock in the current offering remains unchanged at $10.93 for Class A shares, $10.50 for Class T shares and $10.00 for Class I shares.

“Our initial net asset value per share was influenced by a number of factors, the biggest of which being the exceptional financial performance of our first seniors housing acquisition, which is currently 100 percent occupied and has bested our expectations considerably,” said Stephen Mauldin, president and CEO of CNL Healthcare Properties II.

The company engaged CBRE Capital Advisors Inc., an independent investment banking firm, to conduct the valuation. The valuation committee, comprised of independent board members, directed and reviewed the valuation process and recommended an estimated net asset value per share of $10.00, which was within the $9.82 and $10.62 range of values provided by CBRE Cap.

The NAV is based on the estimated value of the company’s assets minus the estimated value of its liabilities divided by the approximate number of shares outstanding on a fully diluted basis, calculated as of June 30, 2017. The valuation process was completed in compliance with the company’s valuation policy and certain methodologies promoted by the Investment Program Association (IPA), a trade association for non-listed investment products.

CNL Healthcare Properties II commenced its $1.75 billion initial public offering in March 2016 and raised $16.6 million in investor equity as of the second quarter 2017, according to Summit Investment Research. 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.

Click here to visit CNL Financial Group’s directory sponsor page.