ATLANTA—CNL Lifestyle Properties announced its intention to buy four assisted living communities in the Atlanta area for $80 million. The real estate investment trust is acquiring the assets from Solomon Holdings III Dogwood Four. The deal is expected to close in May.

The quartet of assisted living assets includes Dogwood Forest of Alpharetta in Alpharetta, Ga., Dogwood Forest of Eagles Landing in Stockbridge, Ga., Dogwood Forest of Fayetteville in Fayetteville, Ga., and Dogwood Forest of Gainesville in Gainesville, Ga. Two of the properties, Dogwood Forest of Alpharetta and Dogwood Forest of Gainesville, have undergone recent expansions. Solomon’s affiliated management company, Trinity Lifestyles Management, will continue to operate the assisted living properties.

“We believe this acquisition will further diversify and enhance CNL Lifestyle Properties’ portfolio of senior living communities,” Joe Johnson, senior vice president and CFO of CNL Lifestyle Properties, said in a statement. “Dogwood Forest has a history of providing services and programs that create living environments that produce positive outcomes for their residents. Trinity Lifestyles’ goals for the properties align with our desire to expand our presence in the assisted living asset class.”