CNL Healthcare Properties Acquires Five Inpatient Rehabilitation and Specialty Hospitals
Approximately $131.1 million invested in properties in Indiana, Texas, Oklahoma and Nevada
“This addition to our medical portfolio gives us the opportunity to invest in two specialty hospitals and three inpatient rehabilitation hospitals that will diversify and add to our growing number of healthcare assets,” said Kevin Maddron, senior vice president of CNL Healthcare Properties. “The properties have highly qualified tenants in place that are focused on providing patients with the best possible treatment and care.”
The acquired properties include:
- A 58,353-square-foot specialty hospital in Hurst, Texas, near Dallas, leased to Victory Medical Center Mid-Cities LP;
- An 86,128-square-foot specialty hospital and medical office building in Beaumont, Texas, leased to Victory Medical Center Beaumont LP;
- A 53,449-square-foot inpatient rehabilitation hospital in Oklahoma City, leased to Mercy Rehabilitation Hospital;
- A 53,260-square-foot inpatient rehabilitation hospital in Las Vegas, Nevada, leased to Desert Canyon Rehabilitation Hospital; and
- A 45,920-square-foot inpatient rehabilitation hospital in Mishawaka, Indiana, near South Bend, leased to Saint Joseph Regional Medical Center – South Bend Campus Inc.
Lincoln Harris CSG and Holladay Properties Services Midwest Inc. will manage the hospitals on behalf of CNL Healthcare Properties.
About CNL Healthcare Properties
CNL Healthcare Properties, Inc., is a real estate investment trust (REIT) that focuses on acquiring properties in the senior housing and healthcare sectors, both stabilized and development, as well as other income-producing properties, real-estate related securities and loans. CNL Financial Group, LLC is the sponsor of CNL Healthcare Properties. For more information, visit www.CNLHealthcareProperties.com.
About CNL Financial Group
CNL Financial Group (CNL) is a leading private investment management firm providing global real estate and alternative investments. Since inception in 1973, CNL and/or its affiliates have formed or acquired companies with more than $29 billion in assets. CNL is headquartered in Orlando, Florida. For more information, visit www.cnl.com.
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