ORLANDO-CNL Financial Group is rolling out yet another REIT. Dubbed CNL Properties Trust, the new fund aims to qualify as a real estate investment trust and invest in multiple asset classes, including senior living and health care, lifestyle, lodging, and specialty properties.

“If you think about lifestyle and demographic properties supplemented by a deeper penetration of the seniors and healthcare spaces, that’s exactly what we plan to do,” Byron Carlock, president and CEO of CNL Properties Trust, tells GlobeSt.com. “Someone called it a continuation of the best of CNL because it’s a little bit of many things we’ve done before: lodging, lifestyle and healthcare.”

CNL is working to raise up to $3 billion in capital through a best-efforts, continuous public offering over two years, with CNL Securities Corp. serving as the managing dealer. The U.S. Securities and Exchange Commission declared the registration statement for CNL Properties Trust effective on Monday.