ORLANDO, Fla. – Add another new – yet very familiar – name to the list of investors actively seeking MOBs.
After selling several of its real estate investment trusts (REITs) during 2006-07, including one that owned healthcare facilities, Orlando-based CNL Financial Group launched a non-traded REIT in 2011 with a focus on acquiring senior housing care facilities, MOBs and other healthcare facilities.
In a prospectus dated April 17, 2013, the company stated that CNL Healthcare Properties Inc., formerly known as CNL Healthcare Trust Inc., is a Maryland corporation that intends to qualify as a REIT for U.S. federal income tax purposes. The REIT, which has a focus on acquiring a wide variety of senior living and healthcare facilities, is offering up to $3 billion worth of shares in its common stock.
Now, according to information received by Healthcare Real Estate Insights™, CNL Healthcare Properties Inc. is about to make a rather significant MOB purchase in the Southeast.
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
Comments are closed, but trackbacks and pingbacks are open.