CNL Lifestyle Properties

CNL Lifestyle Properties is a real estate investment trust (REIT) that invests in income-producing properties with a focus on lifestyle-related industries. The company acquires properties and leases them on a long-term, triple-net lease basis or engages qualified third-party
managers to operate properties on its behalf. The company is closed to new investors as of April 9, 2012; however, it continues to make select acquisitions and focus on the management and oversight of its existing portfolio.
As of March 31, 2013, the company owned a portfolio of 178 properties:
* 72 are wholly owned by the company and run by third-party operators under long-term, triple-net leases
* 55 are managed by third-party operators
* 50 are owned through unconsolidated joint venture arrangements
* 1 is held for development
The company's portfolio is diversified across six lifestyle asset classes. As of the end of the first quarter 2013 and based on initial purchase price, the portfolio comprises:
* 33% senior housing
* 19% ski and mountain lifestyle
* 15% golf
* 15% additional lifestyle properties, including lodging
* 13% attractions
* 5% marinas
Recent acquisitions include:
* Dogwood Forest of Cumming, Cumming, Georgia
* Culpepper Place of Fayetville, Fayetteville, Arkansas
* Rapids Water Park, West Palm Beach, Florida
* Dogwood Forest of Alpharetta, Alpharetta, Georgia
* Dogwood Forest of Eagles Landing, Stockbridge, Georgia
* Dogwood Forest of Fayetteville, Fayetteville, Georgia
* Dogwood Forest of Gainesville, Gainesville, Georgia
* Stevens Pass, King County, Washington
* Amber Ridge Assisted Living, Moline, Illinois
* Amber Ridge Memory Care, Moline, Illinois
* The Lodge, Carson City, Nevada

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