CNL acquires two Spectrum communities

Share this content:

CNL Health Care Properties has acquired two senior housing communities that were developed by Spectrum Retirement Communities, the company that will retain management.

The acquisitions include an 86-unit assisted living/memory care community located in the Chicago suburb of Lake Zurich, IL, and a 164-unit independent living/assisted living/memory care community in Albuquerque, NM. They were opened in 2014 and 2013, respectively, and both have a 96% occupancy rate.

close

Next Article in Companies

Sign up for newsletters

In Focus

April 18

Spreading thanks

Houston and North Greenbush, NY 

Residents of Brazos Towers at Bayou Manor, a senior living community in Houston, recently held a virtual "gratitude party" for residents of Eastwyck Village of North Greenbush, NY, to thank them for their assistance after Hurricane Harvey.