This final nine-property, $89-million sector of the deal closed April 1. The acquisition places CNL among the senior housing industry leaders with an inventory of 51 properties totaling 6,018 units in 21 states. The deal "expands our geographic reach into seven new states," says James M. Seneff Jr., chairman and CEO of CNL Financial Group, the parent of CNL Retirement Properties Inc. and other real estate-related entities.

CNL's total acquisition from Marriott involves 3,371 shelter assets consisting of 875 independent living units; 1,570 assisted living units; 538 special-care units; and 388 skilled nursing units in 13 states.

Among the acquired properties are 12 Brighton Gardens, four MapleRidge, two Hearthside, one independent full-service property and two continuing care retirement communities. The two CCRCs are in Fort Belvoir, VA and Haverford, PA.

Sunrise Senior Living Inc. of McLean, VA will manage the properties for CNL. In a separate transaction, Sunrise also completed the acquisition of all of the outstanding stock of Marriott Senior Living Services Inc. for an undisclosed sum. "We look forward to strengthening our relationship with Sunrise Senior Living, now the industry's largest senior living provider," says Seneff.