Real estate investment trust CNL Healthcare Properties invested a total of $1.02 billion to acquire or initiate development on 44 new properties in 2015. The REIT specializes in senior housing and healthcare facilities. The company acquired or committed to develop 30 properties, with an average transaction price of $34 million, making 2015 its busiest ever year. CNL’s portfolio contains 144 seniors housing, medical office buildings, acute care and post-acute care facilities in 33 states.
“2015 was a very active and extraordinarily productive investment year for the company,” said Stephen H. Mauldin, president and CEO of CNL Healthcare Properties. “In addition to acquiring a variety of stabilized assets, we strategically deployed capital into the construction of new properties, commencing $142 million of new ground-up development projects last year.”
