CNL Healthcare Trust Completes $226 Million Acquisition

---

CNL Healthcare Trust, Inc., an Orlando, Fla.-based real estate investment offering focused on senior housing and healthcare real estate, has acquired seven senior housing communities valued at approximately $226 million through a joint venture agreement with Sunrise Senior Living, Inc. (NYSE: SRZ).

Under the terms of the agreement, CNL Healthcare Trust owns approximately 55 percent of the joint venture, and Sunrise owns the remaining portion. Sunrise will continue to operate the communities under a long-term management agreement.

"This joint venture with Sunrise strengthens CNL Healthcare Trust's senior housing portfolio and is consistent with our strategy of partnering with leading operators in attractive markets across the country," said Stephen H. Mauldin, president and CEO of CNL Healthcare Trust. "As our nation's demographics continue to shift, there is a growing demand for quality senior housing and healthcare real estate, which continues to drive our attraction to these types of investments. With our team's deep and broad healthcare operating and investment experience, CNL Healthcare Trust is well positioned to take advantage of opportunities."

The seven communities, with an average age of less than five years, represent a total of 687 living units, comprised of 374 assisted living units, 184 memory-care units and 129 independent living units. The following senior housing communities are owned by the joint venture: Sunrise of Santa Monica in Santa Monica, Calif.; Sunrise on Connecticut Avenue in Washington, D.C.; Sunrise at Siegen in Baton Rouge, La.; Sunrise of Metairie, La., near New Orleans; Sunrise of Gilbert in Gilbert, Ariz., near Phoenix; Sunrise of Louisville in Louisville, Ky.; and Sunrise at Fountain Square in Lombard, Ill., near Chicago.

In the last six months, CNL Healthcare Trust has acquired interests in senior living communities valued at more than $310 million, which are found in nine states and the District of Columbia. The company acquired five communities for $84.1 million in February.