CNL Lifestyle Properties acquires two WA facilities

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Real estate investment trust CNL Lifestyle Properties has acquired two senior housing communities for about $12.5 million: South Pointe Assisted Living in Everett, WA, and La Conner Retirement Inn in La Conner, WA.

Both properties are assisted living and independent living communities. South Pointe Assisted Living has 41 units and La Conner Retirement Inn has 67.

The facilities will be managed under long-term net leases by Radiant Senior Living, Inc., which already manages two senior housing communities owned by CNL Lifestyle Properties in Oregon and Montana.