ORLANDO—CNL Healthcare Trust just wrapped up its first senior housing and healthcare spending spree. CNL snapped up five senior housing communities from affiliates of Primrose Retirement Communities for about $84 million.

The senior housing assets include 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. As of Feb. 12, 2012, the communities were 95% occupied.

“There are several things about these communities that made them attractive first investments for CNL Healthcare Trust,” Stephen Mauldin, president and COO of CNL Healthcare Trust, tells GlobeSt.com. “Primrose is a strong regional operator with a proven track record of strong performance. That is in line with our objective of partnering with strong regional operators.”

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