CNL acquires two Spectrum communities

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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.

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