e.gh = Array.isArray(e.gh) ? .site-header { [3][4] Seneff was inducted into the Horatio Alger Association in 2010. padding: 0 25px; 0 : parseInt(e.tabh); color: white !important; } Calculating the return for a $10.00 per share investment in late 2009 and a liquidating investment in 2017, taking into account the stock dividends that occurred between Q3 2010 and Q4 2013 that would have resulted in early investors owning 1.40 shares for every initial share purchased by Q4 2014, an internal rate of return for early investors based upon standard financial definitions would be approximately 9.8% annualized. Are you concerned about investment losses in CNL Growth Properties? 0 : parseInt(e.tabh); 1 : (pw-(e.tabw+e.thumbw)) / (e.gw[ix]); CNL has performed.. Click on "CNL Distributed Products," then the account and the statement link. .ewd-ufaq-faqs{ 0 : parseInt(e.thumbh); e.gh = Array.isArray(e.gh) ? Global Income Trust After receiving shareholder approval, in December 2015, Global Income Trust, Inc. sold all of its remaining assets, made final liquidating distributions to shareholders and dissolved. Get the latest business insights from Dun & Bradstreet. All rights reserved, Central Trade & Transfer is an affiliate of Orchard Securities, LLC member FINRA/SiPC, American Realty Capital Healthcare Trust II, American Realty Capital Healthcare Trust III, American Realty Capital Hospitality Trust, American Realty Capital New York City REIT, American Realty Capital New York Recovery REIT, American Realty Capital Retail Centers of America. margin-top: 25px; CNL Growth Properties Inc., a publicly registered non-traded real estate investment trust, and a joint venture with Crescent Cool Springs Venture LLC, entered into an agreement to sell the Crescent Cool Springs multifamily property in the Nashville suburb of Franklin, Tennessee. Company profile page for CNL Growth Properties Inc including stock price, company news, press releases, executives, board members, and contact information background-size: 768px auto; In-Process: The investment program has commenced liquidation of its investment portfolio, has announced a merger or sale that has not yet been consummated, or has yet to provide common shareholders with full liquidity for their shares with cash and/or listed stock. The DI Wire is the definitive news source for the illiquid alternative investment industry. CNL Growth Properties has a total of 2,026 completed apartment units and expects to have approximately 3,800 units (excluding 916 units relating to the Crosstown, Alexander Village and the Cool Springs properties which are included in real estate held for sale) once construction is completed on its properties under development. In-Process: The investment program has commenced liquidation of its investment portfolio, has announced a merger or sale that has not yet been consummated, or has yet to provide common shareholders with full liquidity for their shares with cash and/or listed stock. font-size: 15px; background-size: 1600px auto; } line-height: 31px; The buyer, SHLP Acquisition LLC, has agreed to purchase the property for approximately $60 million. var advadsCfpAd = function( adID ){ Contact your financial professional to learn more about CNL product offerings and how they may complement and help diversify your portfolio. font-size: 18px; if(e.layout==="fullscreen" || e.l==="fullscreen") .et_pb_text_inner h1:before{ background: url(https://bluevaultpartners.com/wp-content/themes/bvp/images/headers/circle.png) no-repeat scroll top; #primary-menu .nav-link{ color: white !important; } catch(e){ div.ufaq-faq-title h4{ border-bottom: solid 1px #163a64; padding: 0 25px; e.tabw = e.tabw===undefined ? .ewd-ufaq-faqs{ } Learn more about CNL Financial Group on the Blue Vault Sponsor Focus page. It has been reported that the net cash to CNL Growth in connection with the sale is approximately $20.5 million after repayment of certain debt, closing costs, etc. .ufaq-faq-body { Our clients also appreciate that we conduct this additional due diligence on their behalf. padding-left: 30px; color: #f98e11; 0 : parseInt(e.tabw); right: 0; .ewd-ufaq-post-margin-symbol{ 2015 by The White Law Group, LLC All rights reserved. Off auction listing include private Limited Partnerships, Regulation D (Reg D) offerings, Private Placement offerings, Energy Tax Credits, Private Equity offerings as well as many other illiquid equity investments. The only media site dedicated exclusively to the coverage of non-traded REITs, business development companies, interval funds, closed-end funds, DSTs and the full range of private placement offerings, The DI Wire has grown to become the most trusted news source for the community of sponsors, broker-dealers and wealth advisors who provide these investment offerings to millions of American retail investors. This documentary-style series follows investigative journalists as they uncover the truth. text-transform: uppercase !important; Important Information Regarding Form 1099-DIV. e.mh = e.mh===undefined || e.mh=="" || e.mh==="auto" ? } 0 : parseInt(e.thumbhide); right: 0; 0 : e.tabw; #primary-menu .dropdown-menu.show{ CNL Growth Properties is a non-traded real estate investment trust that seeks commercial real estate investment opportunities in growth-oriented markets with a focus on multifamily development. ", Senior Vice President, Investment Risk Officer, Fund Management #primary-menu .dropdown-menu.show{ e.gh = e.el===undefined || e.el==="" || (Array.isArray(e.el) && e.el.length==0)? CNL and the Squares Within Squares design trademarks are used under license from CNL Intellectual Properties, LLC. Please refer to the company's current filings on sec.gov. On October 31, 2017, CNL Growth Properties, Inc. terminated its securities registration following the final liquidation payments to shareholders on October 24, 2017. } Last week, The DI Wire reported that these two properties are currently under contract for sale, and are scheduled to close on September 29, 2015 and October 5, 2015, respectively. Crescent built the class A apartments in 2014-15, which opened within the past few years. The sale is expected to close on or about September 30, 2015, but no later than October 8, 2015. //}); } Prior to joining CNL, Mr. Tetrick served as chief financial officer of a privately held company and previously worked for a private equity firm in Orlando, Florida. Griffin-American Healthcare REIT IV, Inc. Phillips Edison - ARC Shopping Center REIT. img#wpstats{display:none} 1 : (pw-(e.tabw+e.thumbw)) / (e.gw[ix]); function setREVStartSize(e){ e.thumbhide = e.thumbhide===undefined ? e.tabh = e.tabh===undefined ? Company profile page for CNL Growth Properties Inc including stock price, company news, press releases, executives, board members, and contact information margin: 0; 1531 Utah Avenue South. Since investing in non-traded alternative investments is not suitable for all investors, a prospectus should be read carefully before investing. console.log("Failure at Presize of Slider:" + e) CNL Growth Properties to Sell Third Multifamily Development with Crescent JV, Click here to subscribe to our Daily News Updates, KBS REIT III Increases Line of Credit to $255 Million. The original CNA tower (the Citrus Center) was downtown Orlando's first modern skyscraper when it was completed in 1971. REITs are complex, high risk securities that lack liquidity which makes them unsuitable for many investors. .woocommerce-product-gallery{ opacity: 1 !important; } CNL Growth Properties, in a December SEC filing, reported netting $10.4 million from the sale after repayment of roughly $28.3 million in debt, closing costs, reserves and distributions to Crescent. Mr. Tetrick also oversees and manages a portfolio of private placements for CNL and certain of its affiliates. Our auctions include all public Non-Traded REITs and publicly registered Limited Partnerships. background-size: 768px auto; } .site-header { #primary-menu .dropdown-menu a:hover{ } CNL Growth Properties, Inc. operates as a a non-traded real estate investment trust. CNL Growth Properties Inc., one of several non-traded REITs managed by Orlando-based CNL Financial Group, has decided to liquidate all of its multifamily properties and dissolve the company after completing a review of strategic options. 2023 CNL Financial Group, Inc. All Rights Reserved. function gtag(){dataLayer.push(arguments);} } CNL sold its theme parks and Northstar California ski resort to the real estate investment trust EPR Properties. Will His AI Plans Be Any Different? .site-header { @media (max-width: 767px) { CNL and the Squares Within Squares design trademarks are used under license from CNL Intellectual Properties, LLC. margin-left: 0; The remaining ski resorts were sold to Och-Ziff Capital Management. content: ""; (website). else{ var advadsCfpQueue = []; Neither the U.S. Securities and Exchange Commission (SEC), the attorney general of the state of New York, nor any other state securities administrator has passed on or endorsed the merits of any offering or the adequacy or accuracy of this website or prospectus. #primary-menu .dropdown-menu a:hover{ display: none !important; CNL Healthcare Properties II, Inc. raised only $50.8 million in its offering that closed in October 2018. Since joining CNL in 1997, Mr. Tetrick has held various positions including senior vice president of CNL Private Equity Corp., vice president of structured finance, and director of marketing and strategic relations at CNL Restaurant Properties, Inc. background-size: 360px auto; .ewd-ufaq-faqs .printfriendly{ 0 : parseInt(e.tabhide); } ET, Mondays through Fridays. e.gw : [e.gw]; Current Investor CNL Client Services can fulfill requests only by fax, U.S. mail or secure email due to client privacy regulations. CNL Growth Properties Inc. is one of several non-traded REITs managed by Orlando-based CNL Financial Group. .ewd-ufaq-post-margin-symbol span { The company's divisions include CNL Commercial Real Estate, CNL Securities Corp., CNL Growth Properties, CNL Healthcare Properties, Global Income Trust and Corporate Capital Trust. For more information on The White Law Group, visitwww.whitesecuritieslaw.com. /* If html does not have either class, do not show lazy loaded images. } SRP/Tender: Share repurchase or tender program which permits shareholders to sell their shares back to the company, subject to limitations. Any representation to the contrary is unlawful. Form 1099-DIV - To obtain current and past year duplicate tax forms. CNL Growth Properties, in a December SEC filing, reported netting $10.4 million from the sale after repayment of roughly $28.3 million in debt, closing costs, reserves and distributions to Crescent. CNL Growth Properties Inc., a publicly registered non-traded real estate investment trust, and a joint venture with Crescent Cool Springs Venture LLC, entered into an agreement to sell the Crescent Cool Springs multifamily property in the Nashville suburb of Franklin, Tennessee. [10] Also in 2011, CNL joined with Kohlberg Kravis Roberts to form an investment company for private corporate debt. CNL and the Squares Within Squares design trademarks are used under license from CNL Intellectual Properties, LLC. CNL Strategic Capital is a company that owns private companies and seeks to provide long-term growth and monthly income to individual and institutional investors.