The REIT, focused on healthcare and seniors housing, will admit new stockholders daily
(ORLANDO, Fla.) July 11, 2016 — CNL Healthcare Properties II, Inc., a non-traded real estate investment trust (REIT) focused on healthcare and seniors housing properties, has raised proceeds sufficient to break escrow in all states except Ohio, Pennsylvania and Washington through its continuous public offering. CNL Healthcare Properties II has accepted subscription funds of $2.5 million as a result of its advisor’s purchase of Class A shares of common stock. New stockholders will be admitted daily.
“CNL has a strong history of success in the seniors housing and healthcare markets, most recently with CNL Healthcare Properties, and we are excited to build upon that foundation with CNL Healthcare Properties II,” said Stephen H. Mauldin, president and CEO of CNL Healthcare Properties II.
CNL Healthcare Properties II offers multiple share classes to provide broker-dealers and their potential investors with more investment flexibility in response to recent regulatory changes. The U.S. Securities and Exchange Commission declared CNL Healthcare Properties II’s initial public offering of up to $2 billion effective in March 2016.
About CNL Healthcare Properties II
CNL Healthcare Properties II is a non-traded real estate investment trust (REIT) that intends to help investors who are seeking income and long-term growth capitalize on several large-scale trends playing out in the seniors housing and healthcare markets. Based in Orlando Florida, CNL Healthcare Properties II intends to invest in the seniors housing, medical office, acute care and post-acute care sectors. For more information and a copy of the offering prospectus, visit CNLHealthcarePropertiesII.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 $33 billion in assets. CNL is headquartered in Orlando, Florida. For more information, visit CNL.com.
The full content of this article is only available to paid subscribers. If you are an active subscriber, please log in. To subscribe, please click here: SUBSCRIBE
