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At A Glance

REIT Name: CNL Lifestyle Properties
IPO Date: April 2004
Total Equity Raised: $3.2 billion
Property Focus: Diversified (Net-Leased)
Total Properties: 36
Self-Managed: No
Advisor: CNL Income Company, LLC
Share Redemption Plan: No
Website: www .cnllifestylereit.com

Summary

CNL Lifestyle Properties, Inc. Launched IPO in April 2004, second offering in April 2006 and third offering in April 2008. Stopped selling shares in public offerings on April 9, 2011, at which time the company had raised $3.2 billion in its public offerings. At August 5, 2016, has a portfolio of 43 lifestyle properties which aggregated by initial purchase price was comprised as follows: approximately 61 % in ski and mountain lifestyle and 39% in attractions. These assets consist of 23 ski and mountain lifestyle properties and 20 attractions. Borrowings were 17% of total assets at end of June. FPO per share for the second quarter of $0.057, with a dividends-to-FPO ratio for the period of 88%. MFPO per share for the second quarter was $0.055, up 45% from $0.038 for the same period last year. Dividends-toMFPO ratio was 90 % for the second quarter. Sold 104 properties in 2014 and 2015, and sold five marina properties and a parcel of unimproved land in first half of 2016 for net proceeds of approximately $50.4 million. As of June 30, had contracts in place to sell eight properties. Has engaged an investment banking and advisory firm, and formed a special committee solely of independent directors, to assist management and the board of directors in actively evaluating various strategic opportunities including the sale of either the company or its assets, potential merger opportunities, or listing common stock. Share repurchase plan suspended indefinitely. Company reported a share value of $3.05, as of December 31, 2015.


Data referenced from the Direct Investments Spectrum
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