CNL VP to Speak at Senior Housing News Summit This Week
CNL Financial Group’s (CNL) Senior Vice President of Acquisitions, Joel Sherman, is scheduled to speak at this week’s third annual Senior Housing News Summit. The summit will take place in Chicago’s University Club of Chicago on July 17, 2014.
The summit provides a forum for senior living professionals to discuss the latest industry topics and trends. This year’s gathering features two panel discussions as well as opportunities to network. Mr. Sherman will participate in a panel that discusses the rise of private equity and non-traded REIT investments in the senior housing sector and the reasons they are now a main source of financing for acquisitions.
CNL is a private investment management firm and sponsor to non-traded REITs.
Through CNL Healthcare Properties and CNL Lifestyle Properties, both non-traded REITs, the company owns over 80 senior living communities. Mr. Sherman is in charge of senior housing and lifestyle acquisitions for CNL and has been involved in acquiring or financing over $3.5 billion worth of senior housing transactions during his career.