Focused on healthcare and seniors housing approved for public offering
(ORLANDO, Fla.) March 10, 2016 — CNL Healthcare Properties II, Inc. announced that its registration statement pertaining to an initial public offering of up to $2 billion in common stock was declared effective by the U.S. Securities and Exchange Commission on March 2, 2016.
CNL Healthcare Properties II intends to qualify as a real estate investment trust (REIT) for federal income tax purposes and will offer three classes of shares ranging from $10 per share to $11.08 per share in a publicly registered, non-traded offering. Of the $2 billion offering size, $250 million in stock will be available through the distribution reinvestment plan.
CNL Healthcare Properties II plans to use offering proceeds to acquire and manage a diversified portfolio of real estate properties, primarily in the seniors housing, medical office, acute care and post-acute care markets, and intends to include stabilized, value add and development properties, as well as other incomeproducing real estate and real estate-related securities and loans.
About CNL Healthcare Properties II
CNL Healthcare Properties II is a non-traded real estate investment trust (REIT) (it intends to qualify and elect REIT tax status commencing with the fiscal year 2016) 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.
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