CNL Healthcare Properties, Inc. Announces Executive Changes, Effective December 31, 2019
November 07, 2019 at 01:34 pm EST
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On November 1, 2019, L. Burke Rainey, tendered his resignation as the chief accounting officer of CNL Healthcare Properties, Inc. effective as of December 31, 2019. There is no disagreement between Mr. Rainey and the Company on any matter relating to the Company’s financial condition or financial reporting. Effective upon Mr. Rainey’s departure, Ixchell C. Duarte, the Company’s chief financial officer and treasurer, will additionally assume the role of principal accounting officer of the Company.
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. 
