Construction: Planned CNL Healthcare Trust to Invest $21.5 Million Ga. Senior Housing Development Senior housing and care REIT CNL Healthcare Trust will invest $21.5 million in the development of Dogwood Forest of Acworth, a senior housing community planned for Acworth, Ga. about 30 miles northwest of Atlanta. The community will be a three-story building with […]
CNL Healthcare Trust
CNL Healthcare Trust, based in Orlando, Fla., has agreed to acquire five assisted living communities from affiliates of Capital Health Group, LLC, a senior housing developer and operator based in Media, Pa., according to a recent 8-K filing. Three of the communities are located in Maryland: The 69-unit Symphony Manor in Baltimore, the 74-unit Fredericktowne […]
For the next few weeks, Senior Housing News is taking a more in-depth look at our list of Top Development Locations for 2013. This second installment takes a closer look at some of Florida’s top market areas. Read the first installment here, and please note that SHN’s development list is not ranked in any particular order. […]
NewCourtland Plans $5.6 Million Senior Housing Conversion Project Nonprofit community services provider NewCourtland recently broke ground on a $5.6 million conversion project that will turn a vacant suit factory into a senior housing and care campus. The LIFE (Living Independently for Elders) center, in Philadelphia, Pa., will be located in a five-story former suit plant on […]
CNL Healthcare Trust, Inc. announced on Wednesday its plans to invest $40.4 million into senior housing projects, including new development and the acquisition of three Iowa assisted living and memory care communities. The senior housing and healthcare-focused real estate investment offering will invest $21.6 million into the development of an assisted living and memory care […]
A subsidiary of real estate investment offering CNL Healthcare Trust, Inc., sponsored by CNL Financial Group, LLC, recently entered into an agreement with Sunrise Senior Living (NYSE:SRZ) for a joint venture that will own seven senior housing communities valued at approximately $226 million. CNL will contribute approximately $57 million and will own 55% of the […]
CNL Lifestyle Properties, Inc., a public, unlisted REIT based in Orlando, Fla., recently acquired two Illinois assisted and independent living properties from Wilkinson Corp. of Yakima, Wash., for a combined $21 million. The Grand Victorian of Washington, located in Washington, Ill., sold for $11.1 million, and the Grand Victorian of Pekin, located in Pekin, Ill., […]
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