ORLANDO—CNL Healthcare Properties, a non-traded real estate investment trust (REIT) invested in seniors housing and healthcare properties, continues its focus on maximizing operating performance across its portfolio and completing its most recent expansion project. Reflecting these efforts, the same-store net operating income across the portfolio rose 8.3% during the quarter ended June 30, 2017, as compared to the quarter ended June 30, 2016. Overall, same-store net operating income for the six months ended June 30, 2017, increased by approximately $6.6 million as compared to the same period in the prior year. As of June 30, 2017, CNL Healthcare Properties had invested more than $3 billion, building a portfolio of 142 assets in 34 states, including 71 seniors housing communities, 54 medical office buildings, 12 post-acute care facilities and five specialty hospitals.

DEAL TRACKER

MIAMI—Cushman & Wakefield negotiated a 24,000-square-foot office lease expansion with Simply Healthcare at Flagler Corporate Center, pushing occupancy in the building to nearly 90%. Managing director Gordon Messinger secured the lease expansion on behalf of New York-based building owner Hoffman Properties, which acquired the asset in 2014. Flagler Corporate Center is a six-story, 635,000-square-foot building built in 1975 on 26 acres in the Miami Airport West submarket.

WINTER PARK, FL—Denholtz Associates announced office leases with JourneyPure Orlando for 3,264 square feet, TradeStar for 2,557 square feet and Yotta Sky Group for 2,550 square feet at 6903-7129 University Boulevard in the University Corporate Center in Winter Park. University Corporate Center has seven single-story, multi-tenant office buildings on 12.2 acres offering units ranging from 1,300 to 20,800 square feet. Orlando International Airport is 13 miles from the park and Interstate 4, Routes 441 and 50 and Highway 417 all converge near the park's center.

TAMPA, FL—Institutional Property Advisors, a division of Marcus & Millichap, brokered the sale of the Tampa Bay Industrial/Flex Portfolio, a two-business park portfolio consisting of the Airport Corporate Center in Tampa and the Bay Tec Center in Saint Petersburg. The assets feature 14 prime, light-industrial/flex buildings totaling 231,867 square feet. The portfolio sold for $16 million. Douglas K. Mandel, senior managing director in Marcus & Millichap's Fort Lauderdale office and Nicholas Hanson, an office and industrial property investment specialist in Marcus & Millichap's Orlando office, marketed the property on behalf of Calare Properties, a private Massachusetts-based real estate investment firm and operator. The IPA team also procured the buyer, Avistone.

JACKSONVILLE, FL—Cushman & Wakefield negotiated the sale of a three-building, 237,000-square-foot, multi-tenant industrial portfolio in Jacksonville's Westside submarket. The industrial brokerage team of director Tyler Newman, director Jacob Horsley and vice chairman Mike Davis represented Beachwood, OH-based The Mid-America Management Corporation in the sale of Westgate Distribution Center, consisting of two buildings at 5501 and 5599 Commonwealth Avenue, and Agmac Distribution Center at 5858 Broadway Avenue. Coral Springs, FL-based Eisenberg Group acquired the assets for $7.43 million through its affiliate Jax Industrial, LLC.

BUILDING BLOCKS

TAMPA, FL—Home2 Suites by Hilton, part of Hilton's All Suites portfolio, opened its newest property, Home2 Suites by Hilton Tampa USF Near Busch Gardens. The hotel features 106 suites and a range of value, tech-focused and eco-conscious amenities. Home2 Suites by Hilton Tampa USF Near Busch Gardens complements the booming tourism industry in Tampa that welcomes approximately 21.8 million visitors annually.