CNL Healthcare Properties, Inc. Announces Board Changes
December 07, 2017 at 04:19 pm EST
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On December 6, 2017, Thomas K. Sittema, Chairman of the Board of Directors and a director of CNL Healthcare Properties, Inc, notified the Board of his intention to resign from his position as Chairman of the Board and director effective December 31, 2017. Upon receipt of Mr. Sittema's notice, on December 7, 2017, the Board appointed Mr. James M. Seneff to serve as Chairman of the Board and director to fill the remainder of the term held by Mr. Sittema. Mr. Seneff previously served as the non-executive chairman of the Board from May 2011 and a director from the company's inception in June 2010, until June 2016.
CNL Healthcare Properties, Inc. is a real estate investment trust (REIT). The Company operates through a single segment, real estate ownership, which consists of owning, managing, leasing, acquiring, developing, investing in, and as conditions warrant, disposing of real estate assets. The Companyâs seniors housing investment portfolio consisted of interests in 70 properties, consisting of a geographically diversified portfolio of 69 seniors housing communities and one vacant land parcel. The types of seniors housing properties that the Company owns include independent and assisted living facilities, continuing care retirement communities and Alzheimerâs/memory care facilities. It has primarily leased its seniors housing properties to wholly owned CHP TRS Holding, Inc. (TRS) entities and engaged independent third-party managers to operate the properties. It is externally managed and advised by CNL Healthcare Corp.
CNL HEALTHCARE PROPERTIES, INC. 
