ORLANDO—After snapping up $84 million worth of senior livingproperties through its CNL Healthcare Trust brandin February, CNL Lifestyle Properties has acquiredfour more senior housing communities for $79.8 million.
CNL Lifestyle Properties bought the senior housing assets fromaffiliates of Solomon Holdings III Dogwood Four.That brings the total number of senior housingproperties 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,” JoeJohnson, senior vice president and chief financial officer of CNLLifestyle Properties, tells GlobeSt.com. “This demand continues tosignificantly outpace new supply of senior livingfacilities.”
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