ORLANDO—CNL Properties Trust is working to acquire five senior living communities from affiliates of Primrose Retirement Communities. CNL Properties will pay $84 million for the portfolio.

Since the transaction is not expected to close until the first quarter of 2012 and is still subject to due diligence completion and other factors, Stephen Mauldin, president and COO of CNL Properties Trust, tells GlobeSt.com he can’t reveal all the details yet.

What we do know is the Primrose deal would be CNL Properties Trust’s first acquisition. The portfolio spans five of Primrose’s 26 senior living communities, including Casper Senior Living in Casper, Wyo., Grand Island Senior Living in Grand Island, Neb., Sweetwater Senior Living in Billings, Mont., Marion Senior Living in Marion, Ohio and Mansfield Senior Living in Mansfield, Ohio.