CNL Lifestyle Properties (Lifestyle Properties), a public, non-traded real estate investment trust (REIT), recently appointed Tammy Tipton as Chief Financial Officer (CFO) and Treasurer, effective May 1.
Tipton’s been with CNL Financial Group (CNL) since 1987 in various financial and accounting roles. Most recently, she was appointed Group CFO of CNL Financial Group, overseeing accounting, reporting, planning, and budgeting for CNL and affiliates.
“My time at CNL has allowed me to work with a wide variety of non-traded REITs at different points in their lifecycles,” Tipton said in a statement. “I look forward to using my experience and expertise to help CNL Lifestyle Properties during these critical months as it evaluates the best alternatives to provide liquidity to its investors.”
Lifestyle Properties announced in March 2014 that it had engaged Jeffries, an investment banking and advisor firm, to evaluate strategic alternatives with the goal of providing liquidity to its shareholders. In December 2014, the REIT reduced its NAV $1.65 per share to $5.20 per share.
Tipton also serves as CFO for two other CNL sponsored non-traded REITs; CNL Growth Properties and Global Income Trust.
Lifestyle Properties currently owns a portfolio of 67 properties in the U.S. and Canada consisting of lifestyle properties such as ski resorts, marinas, and amusement parks, among others.
The REIT will hold an earnings call on May 18, 2015 at 2pm EST to discuss its Q1 results. To listen to the call, dial 800.759.0876.