CNL HEALTHCARE BUYS SIX MEDICAL FACILITIES FOR $59.5M

CLEVELAND AND KANSAS CITY, KAN. — CNL Healthcare Properties has acquired five medical office buildings and one specialty hospital for $59.5 million. The properties are located in the Cleveland; Kansas City, Kan.; San Diego, Calif.; and Phoenix metropolitan areas. The 181,890-square-foot portfolio includes Cleveland Clinic Chestnut Commons Medical Office Building in Elyria, Ohio; Doctors Specialty Hospital Medical Office Building in Leawood, Kan.; The John C. Lincoln Medical Plaza I and II and North Mountain Medical Plaza in Phoenix.; and Escondido Medical Arts Center in Escondido, Calif. The properties in Ohio, Kansas, and Phoenix will be managed and leased by the healthcare division of Holladay Properties.