Transactions: CNL said to be close to acquiring $54M portfolio in return to HRE market

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.

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