(Save the date: RealShare Industrial 2012 comes to The Bankers Club, Miami, December 5 - 6.)
ORLANDO—CNL Lifestyle Properties announced operating results for the second quarter of 2012. The REIT reported an increase in net loss and loss per share year-over-year, blamed on a reduction in rental income of about $2.3 million at 32 golf resorts.
CNL posted $120.8 million in revenues, but the net loss was still $19.9 million. Beyond the golf resorts, CNL also blamed an increase in interest expense and loan coast amortization, an increase in bad debt expense and other cost-based factors.
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