As filed with the Securities and Exchange Commission on June 8, 2012
Registration No. 333-168129
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
POST-EFFECTIVE AMENDMENT No. 2 TO
FORM S-11
FOR REGISTRATION
Under
THE SECURITIES ACT OF 1933 OF
SECURITIES OF CERTAIN REAL ESTATE COMPANIES
CNL HEALTHCARE TRUST, INC.
(Exact name of registrant as specified in its governing instruments)
Maryland | 6798 | 27-2876363 | ||
(State or other jurisdiction of incorporation or organization) |
(Primary Standard Industrial Classification Code Number) |
(I.R.S. employer identification number) | ||
CNL Center at City Commons 450 South Orange Avenue Orlando, Florida 32801 Telephone: (407) 650-1000 |
(Address, including zip code, and telephone number, including area code, of the registrants principal executive offices)
Stephen H. Mauldin
President and Chief Executive Officer
CNL Healthcare Trust, Inc.
CNL Center at City Commons
450 South Orange Avenue
Orlando, Florida 32801
Telephone: (407) 650-1000
(Name, address, including zip code, and telephone number, including area code, of agent for service)
Copies to:
Richard Baltz, Esq. Neil Goodman, Esq. Arnold & Porter LLP 555 Twelfth Street, NW Washington, DC 20004-1206 Telephone: (202) 942-5124 |
Peter E. Reinert, Esq. Lowndes, Drosdick, Doster, Kantor & Reed, P.A. 215 North Eola Drive Orlando, Florida 32801 Telephone: (407) 843-4600 |
Approximate date of commencement of proposed sale to public: As soon as practicable after the registration statement becomes effective.
If any of the securities being registered in this form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act, check the following box. x
If this form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ¨
If this form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and list the Securities Act registration number of the earlier effective registration statement for the same offering. ¨
If this form is a post-effective amendment filed pursuant to Rule 462(d) under the Securities Act, check the following box and list the Securities Act registration number of the earlier effective registration statement for the same offering. x
If delivery of the prospectus is expected to be made pursuant to Rule 434, please check the following box. ¨
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of large accelerated filer, accelerated filer and smaller reporting company in Rule 12b-2 of the Exchange Act. (Check one)
Large accelerated filer | ¨ | Accelerated filer | ¨ | |||
Non-accelerated filer | x (Do not check if a smaller reporting company) | Smaller reporting company | ¨ |
EXPLANATORY NOTE
This Post-Effective Amendment No. 2 to the Form S-11 Registration Statement (Registration No. 333-168129) is filed pursuant to Section 462(d) solely to (i) update Table VI included in Part II of the Registration Statement and (ii) to file an updated power of attorney as an exhibit to the Registration Statement.
PART II
INFORMATION NOT REQUIRED IN PROSPECTUS
Item 36. Financial Statements and Exhibits
(b) | The following exhibit is filed as part of the Registration Statement: |
Exhibit No. |
Description | |
24 | Power of Attorney | |
99.1 | Table VI(Unaudited) Acquisitions of Properties by Program |
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-11 and has duly caused this Post-effective Amendment No. 2 to the Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Orlando, State of Florida, on June 8, 2012.
CNL HEALTHCARE TRUST, INC. (Registrant) | ||
By: | /s/ James M. Seneff, Jr. | |
James M. Seneff, Jr. Chairman of the Board and Director |
Pursuant to the requirements of the Securities Act of 1933, this Post-effective Amendment No. 2 to the Registration Statement has been signed below by the following persons in the capacities and on the dates indicated.
Signatures |
Title |
Date | ||
/s/ James M. Seneff, Jr. |
Chairman of the Board and Director | June 8, 2012 | ||
James M. Seneff, Jr. |
||||
/s/ * |
Vice Chairman of the Board and Director | June 8, 2012 | ||
Thomas K. Sittema |
||||
/s/ * |
Independent Director | June 8, 2012 | ||
Bruce Douglas |
||||
/s/ * |
Independent Director | June 8, 2012 | ||
Michael P. Haggerty |
||||
/s/ * |
Independent Director | June 8, 2012 | ||
J. Douglas Holladay |
||||
/s/ * |
President and Chief Executive Officer | June 8, 2012 | ||
Stephen H. Mauldin |
(Principal Executive Officer) | |||
/s/ * |
Senior Vice President, Chief Financial | June 8, 2012 | ||
Joseph T. Johnson |
Officer and Treasurer (Principal Financial Officer) |
|||
/s/ * |
Senior Vice President and Chief | June 8, 2012 | ||
Ixchell C. Duarte |
Accounting Officer (Principal Accounting Officer) |
By his signature set forth below, the undersigned, pursuant to duly authorized powers of attorney filed with the Securities and Exchange Commission, has signed this Post-effective Amendment No. 2 to the Registration Statement on behalf of the persons indicated.
*By: |
/s/ James M. Seneff, Jr. | |
James M. Seneff, Jr. | ||
Attorney-in-Fact |
Exhibit 24
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that each of the undersigned hereby constitutes and appoints James M. Seneff, Jr. and Thomas K. Sittema, and each of them, their true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution, for him and in his name, place and stead, in any and all capacities, with full power to act alone, to sign any and all documents (including both pre-and post-effective amendments in connection with the registration statement), and to file the same, with all exhibits thereto, and all documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agent, and each of them, full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully to all intents and purposes as he might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, or either of them or their or his substitutes or substitute, may lawfully do or cause to be done by virtue thereof.
Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has been signed below by the following persons in the capacities and on the dates indicated.
Signatures |
Title |
Date | ||
/s/ James M. Seneff, Jr. |
Chairman of the Board and Director | June 4, 2012 | ||
James M. Seneff, Jr. |
||||
/s/ Thomas K. Sittema |
Vice Chairman of the Board and Director | June 4, 2012 | ||
Thomas K. Sittema |
||||
/s/ Bruce Douglas |
Independent Director | June 4, 2012 | ||
Bruce Douglas |
||||
/s/ Michael P. Haggerty |
Independent Director | June 4, 2012 | ||
Michael P. Haggerty |
||||
/s/ J. Douglas Holladay |
Independent Director | June 4, 2012 | ||
J. Douglas Holladay |
||||
/s/ Stephen H. Mauldin |
President and Chief Executive Officer | June 4, 2012 | ||
Stephen H. Mauldin |
(Principal Executive Officer) | |||
/s/ Joseph T. Johnson |
Senior Vice President, Chief Financial | June 4, 2012 | ||
Joseph T. Johnson |
Officer and Treasurer (Principal Financial Officer) |
|||
/s/ Ixchell C. Duarte |
Senior Vice President and Chief | June 4, 2012 | ||
Ixchell C. Duarte |
Accounting Officer (Principal Accounting Officer) |
Exhibit 99.1
TABLE VI
(UNAUDITED)
ACQUISITIONS OF PROPERTIES BY PROGRAM
Table VI presents information concerning the acquisition of real properties by the public programs with similar investment objectives sponsored by affiliates of CNL for the period January 1, 2009 to December 31, 2011. This information is intended to assist the prospective investor in evaluating the terms involved in acquisitions by such prior programs.
Property name and location |
Type of property |
Gross leasable space (sq. ft.) or number of units (Note 1) |
Date of purchase |
Mortgage financing at date of purchase |
Contract purchase price plus acquisition fee (Note 4) |
Other cash expenditures expensed |
Other
cash expenditures capitalized |
Total acquisition cost (Note 2) |
||||||||||||||||||||
CNL LIFESTYLE PROPERTIES, INC. |
||||||||||||||||||||||||||||
Jiminy Peak Mountain Resort Hancock, Massachusetts | Ski and Mountain Lifestyle |
800 skiable acres, eight chairlifts; fee interest |
01/27/09 | $ | | $ | 27,000,000 | $ | 281,800 | $ | | $ | 27,281,800 | |||||||||||||||
Stevens Pass King County, Washington | Ski and Mountain Lifestyle |
1,125, skiable acres, 10 chairlifts; fee interest and special use permit |
11/17/11 | $ | | $ | 20,475,000 | $ | 143,000 | $ | | $ | 20,618,000 | |||||||||||||||
WetnWild Hawaii Honolulu, Hawaii | Attractions | 29-acre waterpark; leasehold interest |
05/06/09 | $ | | $ | 25,800,000 | $ | 368,000 | $ | | $ | 26,168,000 | |||||||||||||||
Pacific Park Santa Monica, California | Attractions | 2-acre theme park; leasehold interest |
12/29/10 | $ | | $ | 34,000,000 | $ | 514,000 | $ | | $ | 34,514,000 | |||||||||||||||
Anacapa Isle Marina Oxnard, California | Marinas | 438 wet slips; leasehold interest |
03/12/10 | $ | | $ | 9,829,000 | $ | 286,250 | $ | | $ | 10,115,250 | |||||||||||||||
Ballena Isle Marina Alameda, California | Marinas | 504 wet slips; leasehold interest |
03/12/10 | $ | | $ | 8,179,000 | $ | 286,250 | $ | | $ | 8,465,250 | |||||||||||||||
Cabrillo Isle Marina San Diego, California | Marinas | 438 wet slips; leasehold interest |
03/12/10 | $ | | $ | 20,575,000 | $ | 286,250 | $ | | $ | 20,861,250 | |||||||||||||||
Ventura Isle Marina Ventura, California | Marinas | 579 slips; leasehold interest |
03/12/10 | $ | | $ | 16,417,000 | $ | 286,250 | $ | | $ | 16,703,250 | |||||||||||||||
Bohemia Vista Yacht Basin Chesapeake City, Maryland | Marinas | 239 wet slips; fee interest |
05/20/10 | $ | | $ | 4,970,000 | $ | 94,000 | $ | | $ | 5,064,000 | |||||||||||||||
Hacks Point Marina Earleville, Maryland | Marinas | 239 wet slips; fee interest |
05/20/10 | $ | | $ | 2,030,000 | $ | 94,000 | $ | | $ | 2,124,000 | |||||||||||||||
Culpepper Place at Branson Meadows Branson, Missouri | Senior Housing |
65 residential units | 08/31/11 | $ | | $ | 9,850,000 | $ | 155,000 | $ | | $ | 10,005,000 |
Property name and location |
Type of property |
Gross leasable space (sq. ft.) or number of units (Note 1) |
Date of purchase |
Mortgage financing at date of purchase |
Contract purchase price plus acquisition fee (Note 4) |
Other cash expenditures expensed |
Other cash expenditures capitalized |
Total acquisition cost (Note 2) |
||||||||||||||||||||||
Culpepper Place at Chesterfield Village Springfield, Missouri | Senior Housing |
|
80 residential units |
|
08/31/11 | $ | | $ | 12,200,00 | $ | 155,000 | $ | | $ | 12,355,000 | |||||||||||||||
Culpepper Place at Nevada Nevada, Missouri | Senior Housing |
|
31 residential units |
|
08/31/11 | $ | | $ | 425,000 | $ | 155,000 | $ | | $ | 580,000 | |||||||||||||||
Culpepper Place at Springdale Springdale, Arkansas | Senior Housing |
|
59 residential units |
|
08/31/11 | $ | | $ | 8,850,000 | $ | 155,000 | $ | | $ | 9,005,000 | |||||||||||||||
Culpepper Place of Springfield Springfield, Missouri | Senior Housing |
|
61 residential units |
|
08/31/11 | $ | | $ | 7,725,000 | $ | 155,000 | $ | | $ | 7,800,000 | |||||||||||||||
Culpepper Place of Jonesboro Jonesboro, Arkansas | Senior Housing |
|
61 residential units |
|
08/31/11 | $ | | $ | 7,950,000 | $ | 155,000 | $ | | $ | 8,105,000 | |||||||||||||||
Town Center Village Portland, Oregon | Senior Housing |
|
338 residential units |
|
08/31/11 | $ | | $ | 40,967,000 | $ | 562,000 | $ | | $ | 41,529,000 | |||||||||||||||
Grand Victorian of Pekin Pekin, Illinois | Senior Housing |
|
61 residential units |
|
12/29/11 | $ | | $ | 9,930,000 | $ | 26,000 | $ | | $ | 9,956,000 | |||||||||||||||
Grand Victorian of Sterling Sterling, Illinois | Senior Housing |
|
61 residential units |
|
12/29/11 | $ | | $ | 9,700,000 | $ | 26,000 | $ | | $ | 9,726,000 | |||||||||||||||
Grand Victorian of Washington Washington, Illinois | Senior Housing |
|
61 residential units |
|
12/29/11 | $ | | $ | 11,120,000 | $ | 26,000 | $ | | $ | 11,146,000 | |||||||||||||||
Great Wolf Lodge Sandusky Sandusky, Ohio | Hotels | |
271-room waterpark resort |
|
08/06/09 | $ | | $ | 43,400,000 | $ | 69,300 | $ | | $ | 43,469,300 | |||||||||||||||
Great Wolf Lodge Wisconsin Dells Wisconsin Dells, Wisconsin | Hotels | |
309-room waterpark resort |
|
08/06/09 | $ | | $ | 46,900,000 | $ | 69,300 | $ | | $ | 46,969,300 | |||||||||||||||
The Omni Mount Washington Resort Bretton Woods, New Hampshire | Hotels | |
One golf facility, resort amenities and development land |
|
08/12/11 | $ | | $ | 10,500,000 | $ | 341,000 | $ | | $ | 10,841,000 | |||||||||||||||
Granby Development Lands Granby, Colorado | Other | |
1,553 acres with infrastructure and improvements such as roads, water, sewer, golf course in various stages of completion |
|
10/29/09 | $ | | $ | 51,255,000 | $ | 600 | $ | | $ | 51,255,600 | |||||||||||||||
GLOBAL GROWTH TRUST, INC. | ||||||||||||||||||||||||||||||
Long Point Property Mount Pleasant, South Carolina | Multi- family development |
(Note 3 | ) | 05/20/11 | $ | (Note 3 | ) | $
|
3,880,000 (Note 3 |
) |
$ | (Note 3 | ) | $ | (Note 3 | ) | $ | 3,880,000 | ||||||||||||
Gwinnett Center Duluth, Georgia | Multi-tenant three building office complex |
264,000 | 10/17/11 | $ | 7,000,000 | $ | 14,361,000 | $ | 172,000 | $ | | $ | 14,533,000 | |||||||||||||||||
GLOBAL INCOME TRUST, INC. | ||||||||||||||||||||||||||||||
Austin Property Pflugerville, Texas | Light industrial building |
51,000 | 06/08/11 | $ | 2,820,000 | $ | 4,634,000 | $ | 74,000 | $ | | $ | 4,708,000 | |||||||||||||||||
Heritage Commons III Fort Worth, Texas | Office building |
119,000 | 06/28/11 | $ | 12,400,000 | $ | 19,097,000 | $ | 127,000 | $ | | $ | 19,224,000 | |||||||||||||||||
Heritage Commons IV Fort Worth, Texas | Office building |
164,000 | 10/27/11 | $ | 24,500,000 | $ | 31,574,000 | $ | 183,000 | $ | | $ | 31,757,000 |
FOOTNOTES:
Note 1: | The types of properties acquired and leased by CNL Lifestyle Properties, Inc. are generally operating properties and are not meaningfully described in terms of number of units or leasable square footage. Therefore, a brief description of the properties are presented to assist a prospective investor in evaluating the characteristics and magnitude of the property acquisitions. |
Note 2: | Amounts used for acquisitions were derived from offering proceeds from stockholders and, in the case of CNL Lifestyle Properties, Inc., net sales proceeds reinvested in other properties. Amounts were also advanced under each companys line of credit or through permanent financing to facilitate the acquisition of certain of these properties. |
Note 3: | The Long Point Property is a development project of a 258 unit Class A garden style apartment community. The Long Point Joint Venture entered into a development agreement with a maximum development budget of approximately $28.6 million. Development is expected to be completed in stages between the second and fourth quarters of 2012. In connection with the development of the property, the Long Point Joint Venture obtained a construction loan with an aggregate principal amount available for construction draws under the loan of $21.4 million. No amounts were drawn at the date of acquisition. Additionally, approximately $0.1 million of acquisition expenses were capitalized related to the Long Point Property acquisition. |
Note 4: | Contract purchase price plus acquisition fees for Global Growth Trust, Inc. and Global Income Trust, Inc., includes the 1.85% investment service fee paid to their respective advisor. The investment services fee has been expensed and has been included in acquisition fees and expenses on the respective consolidated statement of operations. |