CNL Healthcare Properties, Inc. Announces Executive Changes
March 02, 2018 at 02:20 pm
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On February 27, 2018, Holly J. Greer tendered her resignation as general counsel, senior vice president and secretary of CNL Healthcare Properties, Inc. (the ‘Company’), effective as of March 16, 2018. Effective upon Ms. Greer’s departure, the Board of Directors (the ‘Board’) appointed Tracey B. Bracco to serve as general counsel, senior vice president and secretary of the Company. Ms. Bracco has served as assistant general counsel and assistant secretary of the Company since June 2014 and as vice president since March 2013. Ms. Bracco also has served as general counsel and secretary of CNL Healthcare Properties II, Inc., since August 23, 2016 and as its vice president since January 2016, as well as vice president of its advisor, CHP II Advisors, LLC, since its inception on July 9, 2015.
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.