ORLANDO, Fla.— CNL Healthcare Properties, a real estate investment trust (REIT) focused on seniors housing and healthcare facilities, has named Kevin Maddron chief financial officer, treasurer, and chief operating officer. He will also continue to serve as senior managing director of asset management for CNL Financial Group, overseeing the company’s seniors housing and healthcare real estate portfolio.
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DALLAS — Commercial real estate broker Holliday Fenoglio Fowler (HFF) has arranged the sale of a 14-property seniors housing portfolio totaling 1,038 units located in California, Oklahoma, Ohio, Texas, West Virginia and North Carolina. The purchase price was not disclosed.
LITTLE EGG HARBOR, N.J. — Institutional Property Advisors, a brokerage division of Marcus & Millichap, has arranged the sale of Arcadia Nursing and Rehabilitation Center for $15 million. The facility is located in Little Egg Harbor, about 30 miles north of Atlantic City.
MADISON, N.J. — Prudential Real Estate Investors (PREI) has completed the capital raise of Senior Housing Partners V (SHP) with a total of $629 million in capital commitments. SHP is the fifth in a series of dedicated, closed-end funds designed to invest in the seniors housing industry. PREI is the real estate investment and advisory business of Prudential Financial. (NYSE: PRU).