On March 27, 2015, CNL Healthcare Properties, Inc. announced that Joseph T. Johnson tendered his resignation as senior vice president, chief financial officer and treasurer of the company, effective as of May 1, 2015. Effective upon Mr. Johnson's departure, the Board of Directors has appointed Kevin R. Maddron as chief financial officer and treasurer, and chief operating officer of the company. Mr. Maddron has served CNL Financial Group as senior vice president of asset management since 2011 and as senior managing director since 2013.

In these roles, Mr. Maddron directs all asset management and operational management activities focused on senior housing and healthcare properties for CNL Healthcare Properties, Inc. and all other CNL Financial Group-sponsored healthcare funds. Prior to rejoining CNL Financial Group in 2011, Mr. Maddron was the chief operating officer and chief financial officer of Servant Healthcare Investments. Prior thereto, Mr. Maddron served as vice president of asset management for CNL Retirement Properties, Inc. from November 2002 until the sale of the company in October 2006.