An unknown buyer completed the acquisition of six skilled nursing facilities in Arkansas from CNL Healthcare Properties, Inc. for $55 million.
March 25, 2020
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An unknown buyer entered into an agreement to acquire six skilled nursing facilities in Arkansas from CNL Healthcare Properties, Inc. for $55 million in December 2019. The purchase price is subject to certain pro-rations and other adjustment.
An unknown buyer completed the acquisition of six skilled nursing facilities in Arkansas from CNL Healthcare Properties, Inc. in early March 2020. Monticello has provided $50 million in first lien debt financing for the acquisition of six skilled nursing facilities. Dave Fasano and Ross Sanders of Newmark Knight Frank acted as brokers for CNL.
CNL Healthcare Properties, Inc. is a real estate investment trust (REIT). The Company operates through a single segment, real estate ownership, which consists of owning, managing, leasing, acquiring, developing, investing in, and as conditions warrant, disposing of real estate assets. The Companyâs seniors housing investment portfolio consisted of interests in 70 properties, consisting of a geographically diversified portfolio of 69 seniors housing communities and one vacant land parcel. The types of seniors housing properties that the Company owns include independent and assisted living facilities, continuing care retirement communities and Alzheimerâs/memory care facilities. It has primarily leased its seniors housing properties to wholly owned CHP TRS Holding, Inc. (TRS) entities and engaged independent third-party managers to operate the properties. It is externally managed and advised by CNL Healthcare Corp.
CNL HEALTHCARE PROPERTIES, INC. 