ORLANDO—After snapping up $84 million worth of senior living properties through its CNL Healthcare Trust brand in February, CNL Lifestyle Properties has acquired four more senior housing communities for $79.8 million.
CNL Lifestyle Properties bought the senior housing assets from affiliates of Solomon Holdings III Dogwood Four. That brings the total number of senior housing properties the REIT owns to 56.
“The number of people over the age of 65 is rapidly growing, fueling an increasing demand for senior housing options,” Joe Johnson, senior vice president and chief financial officer of CNL Lifestyle Properties, tells GlobeSt.com. “This demand continues to significantly outpace new supply of senior living facilities.”
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