| IPO Company Profile |
| SEC Filings | Peer IPO Companies |
| CNL Health Care Properties, Inc. |
| 400 East South Street, Orlando, FL 32801 * (407) 422-1574 |
| The company is a real estate investment trust, (REIT). The company was formed to acquire real estate properties related to healthcare facilities located across the United States. |
| Manager | Tier | Phone |
| CNL Securities Corp. | Lead Manager |
| Employees: | 0 | Financial: | SIC 6798 | |
| Type of Shares: | Common Shares | Filing Date: | 3/5/98 | |
| U.S. Shares Filed: | 15,000,000 | Filing Price: | $10.00 | |
| Non-U.S. Shares Filed: | 0 | Offering Amount: | $150,000,000 | |
| Primary Shares: | 15,000,000 | Expenses: | $0 | |
| Secondary Shares: | 0 | Post-IPO Shares: |
| Issuer's Law Firm: | Shaw, Pittman, Potts & Trowbridge |
| Auditor: | Coopers & Lybrand |
| Competition |
| The Company anticipates that it will compete with other REITs, real estate partnerships, health care providers and other investors, including, but not limited to banks and insurance companies, many of which will have greater financial resources than the Company, in the acquisition, leasing and financing of Health Care Facilities. Further, non-profit entities are particularly attracted to investments in senior care facilities because of their ability to finance acquisitions through the issuance of tax-exempt bonds, providing non-profit entities with a relatively lower cost of capital as compared to for-profit purchasers. In addition, in certain states health care facilities owned by non-profit entities are exempt from taxes on real property. As profitability increases for investors in health care Properties, competition among investors likely will become increasingly intense. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to acquire the properties, to make mortgage loans, and to pay expenses relating to the organization of the company and the sale of the shares. |