ORLANDO, FL—CNL Healthcare Properties has closed on the acquisition of a five-property seniors housing portfolio from AEW Capital Management. The $195-million deal brings CNL Healthcare's year-to-date investment total to well over $500 million.

An HFF team led by managing directors Ryan Maconachy and Chad Lavender represented AEW, which sold the portfolio on behalf of AEW Senior Housing Investors LP. The portfolio totals 709 units, includes a mix of independent living, assisted living and memory care units, and was offered free and clear of debt.

Properties in the portfolio include two Atlanta-area properties, the Parc at Duluth in Duluth, GA and the Parc at Piedmont in Marietta, GA; the Blake at Gulf Breeze in Gulf Breeze, FL, now known as the Beacon at Gulf Breeze; the Pavilion at Great Hills in Austin, TX; and the Hampton at Meadows Place in Meadows Place, TX, a suburb of Houston. The portfolio is 93.1% leased.

The AEW portfolio is the non-listed REIT's largest acquisition thus far in 2015; however, it had made 20 other buys, a mix of single assets and portfolios, through July of this year. In February, CNL Healthcare acquired a medical office building in Novi, MI for $30.5 million and another MOB in Knoxville, TN for $33. 7 million. In March, the company acquired Fieldstone Memory Care, a seniors housing community in Yakima, WA, for $12.4 million. May saw the $34.6-million buy of an MOB in Bend, OR and a $15-million MOB deal in San Antonio, along with a portfolio of Primrose Retirement communities in Wausau, WI, Lancaster, OH and Anderson, IN for approximately $67 million.

In June, CNL Healthcare acquired two MOBs in Chula Vista, CA for $15 million, and paid $63.1 million for a portfolio including the North Carolina Specialty Hospital in Durham, NC and four MOBs in the Triangle communities of Roxboro, Oxford and Chapel Hill. It also bought Superior Residences of Panama City in Panama City Beach, Florida, acquired on June 17 for $20 million. During the month of July, the company acquired four MOBs in three separate deals in Cary, NC, Birmingham, AL and Frederick, MD for a combined $54.25 million.

CNL Healthcare's year-to-date acquisitions bring its portfolio to 125 assets in 29 states with a value of approximately $2.5 billion. ““These properties, the majority of which have been built or renovated in the last 10 years, continue to diversify and strengthen our real estate holdings,” says Stephen H. Mauldin, the company's president and CEO.