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CNL Healthcare Trust Invests $226M in Senior Housing

ORLANDO-CNL's Steve Mauldin tells GlobeSt.com's Jennifer LeClaire the firm has a robust pipeline of potential senior living acquisitions.

By Jennifer LeClaire | Updated on June 10, 2012

ORLANDO—In its second investment in senior housing properties since the fund launched 12 months ago, CNL Healthcare Trust has partnered with Sunrise Senor Living in a $226 million joint venture that will own seven more senior housing communities. The transaction is expected to close within 60 days.

CNL Healthcare Trust will own 55% of the joint venture. The seven senior housing properties include 687 living units Sunrise currently owns wholly. Sunrise will continue to operate the senior living assets under a long-term management agreement.

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