CNL Pays $205M for 26 Senior Housing Assets

ORLANDO-CNL Retirement Properties Inc. continues its buying foray in the national senior housing market with three acquisitions totaling 26 properties for $204.5 million. The new acquisitions increase the company’s portfolio to 119 properties with 12,000 units in 27 states, the company reports.

In the Dec. 29 closings, the locally based company paid EdenCare Senior Living Services LP of Alpharetta, GA $172 million or $7.8 million per property for 22 facilities; another $27 million or $9 million per property to EdenCare in a separate deal for three properties; and $5.5 million for the 66-unit Dogwood Forest of Dunwoody facility in suburban Atlanta from 7400 Peachtree Dunwoody Road LLC.