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| Cnl Healthcare Properties Acquires California Medical Office Building – Yahoo Finance Posted: 11 Oct 2014 09:40 PM PDT Mauldin, president and CEO of CNL Healthcare Properties. “We are excited that this acquisition gives us the opportunity to both strengthen our presence in southern California and grow our existing partnership with Cypress West.” Physically connected to the main hospital via a sky bridge, Lee Hughes Medical Building is a key component of the hospital campus. The building is 97 percent occupied, with a wide range of tenants, including an ambulatory surgery center leased by Adventist Health that is one of the newest and largest centers of its kind in the Los Angeles area. Glendale Adventist Medical Center is one of the largest hospitals in that region, and the Lee Hughes Medical Building is the only on-campus medical office building not owned by the hospital. About CNL Healthcare Properties CNL Healthcare Properties, Inc., is a real estate investment trust (REIT) that focuses on acquiring properties in the senior housing and healthcare sectors, both stabilized and development, as well as other income-producing properties, real-estate related securities and loans. CNL Financial Group, LLC is the sponsor of CNL Healthcare Properties. For more information, visit CNLHealthcareProperties.com . |
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