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.
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