CNL Healthcare Properties Inc., a publicly registered non-traded real estate investment trust, has named Tracey Bracco to serve as general counsel, senior vice president and secretary of the company following the resignation of Holly Greer, effective March 16, 2018.
Bracco has served as assistant general counsel and assistant secretary of the company since June 2014 and as vice president since March 2013. She also serves as general counsel, vice president, and secretary of affiliated REIT CNL Healthcare Properties II and deputy general counsel of real estate at CNL Financial Group Investment Management.
Prior to joining CNL, Bracco spent six years in private legal practice, primarily at the law firm of Lowndes, Drosdick, Doster, Kantor & Reed P.A., in Orlando, Florida. She is licensed to practice law in Florida and is a member of the Florida Bar Association and the Association of Corporate Counsel. She received a bachelor’s degree in journalism from the University of Florida and her juris doctor from Boston University School of Law.
In other CNL Healthcare news, the company recently declared an estimated net asset value per share of $10.32, an increase of last year’s NAV of $10.04 per share.
CNL Healthcare Properties 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. The company closed its offering in September 2015 after raising more than $1.7 billion in investor equity, according to Summit Investment Research. CNL Financial Group LLC is the sponsor of CNL Healthcare Properties.