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ORLANDO-Largely unknown 10 years ago, locally based CNL Retirement Properties Inc. is today one of the biggest players in the senior housing investment arena.

In the past two weeks, the REIT has done deals to acquire 45 properties valued at a total $376.8 million in 17 states. When completed, the deals will bring CNL’s portfolio to 117 retirement properties with 12,000 units in 27 states. The deals also allow CNL to enter the New York market for the first time.

CNL Retirement CEO and president Thomas J. Hutchison III says the acquired properties are all in “demand-driven markets” and consist of “superior seniors’ housing facilities.”

In its latest closed deal, the REIT acquired 17 properties for $178.8 million, from McLean, VA-based Sunrise Senior Living Inc. CNL also has contracted to buy 28 additional properties totaling 1,913 units in two separate deals with affiliates of EdenCare Senior Living Services LP of Alpharetta, GA for $198 million.

In the first EdenCare transaction, CNL is buying 22 properties for $171 million and three properties for $27 million. Sunrise will manage the 22 properties and Harbor Retirement Associates LLC of Vero Beach, FL will serve as the tenant.

In the second EdenCare deal, CNL is buying three properties for $27 million. Harbor will lease and operate the properties under long-term contracts. The two acquisitions comprise 1,095 assisted living and 438 memory care communities with residences in Alabama, Florida, Georgia, Kentucky, North and South Carolina, and Texas.

In the 17 property-deal with Sunrise, CNL is acquiring 12 existing properties and five properties under development. The properties are in California, Georgia, Maryland, Michigan, New Jersey, New York, North Carolina, Ohio, Virginia and Washington.

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