Orlando, Fla., May 11, 2015 (GLOBE NEWSWIRE) -- The board of directors of CNL Healthcare Properties, a real estate investment trust (REIT) focused on senior housing and healthcare facilities, has named Kevin R. Maddron as chief financial officer, treasurer, and chief operating officer effective May 1. He will also continue to serve as senior managing director of asset management for CNL Financial Group, providing executive oversight of the company's expansive senior housing and healthcare real estate portfolio.
Prior to rejoining CNL in 2011, Maddron served as the COO and CFO of Servant Healthcare Investments, where he was responsible for managing treasury and finance activities and overseeing the acquisitions, development, project analysis and due diligence efforts for the company. He previously served as vice president of asset management for CNL Retirement Properties from November 2002 until the sale of the company in October 2006.
In his new and expanded role, Maddron will lead the corporate finance, accounting and financial reporting activities for CNL Healthcare Properties, which owned more than $2 billion of senior housing and healthcare facilities as of March 15, 2015. He will also continue to provide executive leadership of all asset management and operational management activities focused on senior housing and healthcare properties for CNL.
"I am honored to take on these new responsibilities within CNL Healthcare Properties," Maddron said. "However, my day-to-day goal of identifying and investing in the best possible healthcare and senior housing assets to create a strong and diverse portfolio for our investors remains unchanged."
Maddron has a bachelor's degree and master's degree in accounting from the University of Central Florida and is a certified public accountant.
About CNL Healthcare Properties
CNL Healthcare Properties, Inc., is a real estate investment trust (REIT) that focuses on acquiring properties in the senior housing and healthcare sectors, both stabilized and development, as well as other income-producing properties, real-estate related securities and loans. CNL Financial Group, LLC is the sponsor of CNL Healthcare Properties. For more information, visit CNLHealthcareProperties.com.
About CNL Financial Group
CNL Financial Group (CNL) is a leading private investment management firm providing global real estate and alternative investments. Since inception in 1973, CNL and/or its affiliates have formed or acquired companies with more than $31 billion in assets. CNL is headquartered in Orlando, Florida. For more information, visit CNL.com.
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For further information regarding risks and uncertainties associated with the Company's business, and important factors that could cause the Company's actual results to vary materially from those expressed or implied in its forward-looking statements, please refer to the factors listed and described under "Management's Discussion and Analysis of Financial Condition and Results of Operations" and the "Risk Factors" sections of the Company's documents filed from time to time with the U.S. Securities and Exchange Commission, including, but not limited to, the Company's quarterly reports on Form 10-Q, and the Company's annual report on Form 10-K, copies of which may be obtained from the Company's website at CNLHealthcareProperties.com.
All written and oral forward-looking statements attributable to the Company or persons acting on its behalf are qualified in their entirety by this cautionary note. Forward-looking statements speak only as of the date on which they are made, and the Company undertakes no obligation to, and expressly disclaims any obligation to, publicly release the results of any revisions to its forward-looking statements to reflect new information, changed assumptions, the occurrence of unanticipated subsequent events or circumstances, or changes to future operating results over time, except as otherwise required by law.
CONTACT: Sherry Magee Senior Vice President Communications CNL Financial Group 407-650-1223
Source:CNL Healthcare Properties