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Senior Housing Investments & Transactions: CNL Healthcare Properties II, Vitality Senior Living

April 10, 2017

Senior Housing Investments & Transactions: CNL Healthcare Properties II, Vitality Senior Living

April 5, 2017 | by 

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CNL Healthcare Properties II Makes Its First Acquisition

CNL Healthcare Properties II, Inc., a non-traded real estate investment trust (REIT) focused on seniors housing and health care properties, made its first acquisition by purchasing Summer Vista Assisted Living Community, a newly-constructed senior living community located in Pensacola, Florida.

SRI Management, LLC, the company that has managed Summer Vista since it opened in February 2016, will continue to manage the community under a five-year agreement. SRI manages 15 other senior living communities throughout Florida and Louisiana, including two for CNL Healthcare Properties, Inc., a related REIT.

Summer Vista sits on 3.5 acres and consists of 67 assisted living units and 22 memory care units. The community features a 24-hour emergency response system, on-site therapy, beauty salon, bistro, fitness center, nature walking trail and chauffeured transportation.

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Steve Siepak
Blue Vault session at the recent National Planning Holdings National Conference
September 13, 2017

The well-attended Blue Vault session at the recent National Planning Holdings National Conference was very well received. The value of their products was evidenced by the volume of questions from the attendees. Stacy Chitty, Managing Partner, did an excellent job of explaining the history, strategy and value of Blue Vault data.