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CNL Healthcare Trust Spends $84M on Five Senior Housing Properties

ORLANDO-CNL's Steve Maudlin tells GlobeSt.com's Jennifer LeClaire the assets are newer, fully stabilized assets and in attractive markets.

By Jennifer LeClaire | Updated on February 21, 2012

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.

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