Summer Vista Assisted Living

The first acquisition made by CNL Healthcare Properties II, Summer Vista Assisted Living, aligns with the REIT’s strategy to invest in quality assets with strong operators located in demographic-driven markets. Summer Vista opened to residents in early 2016 and has demonstrated solid performance since, reaching full occupancy and a waiting list within five months of operation.

Acquisition Highlights:

Market: Pensacola, Florida View Map

Asset Class: Seniors Housing

Size: Two-story community that resides on 3.5 acres; footprint of 75,138 square feet with 67 assisted living units and 22 memory care units

Acquisition Date: March 31, 2017

Operator: SRI Management

Purchase Price: Approximately $21.4 million