CNL Income Properties
From Wikipedia, the free encyclopedia
CNL Income Properties is an unlisted Real Estate Investment Trust, a division of CNL Financial Group. The company buys resort properties across the nation, but has no day-to-day management involvement in the properties it owns.
[edit] Properties
Among the properties CNL Income fully or partially owns are:
- Northstar-at-Tahoe
- Village at Squaw Valley
According to press releases from January 2007, PARC Management is expected to enter into a long term lease contract with CNL Income Properties. Upon completion of a pending sale of 7 Six Flags parks to PARC Mgmt, planned for March 2007, PARC will immediately sell the properties to CNL Income, and then enter into a long term lease for operation of the properties.[1]
CNL Income Partners signed a refinancing deal with Magic Springs and Crystal Falls amusment park that will for allow $10 million in new attractions to be added over the next two years. CNL will aquire Magic Spring's assets and then will lease them back to the park.[2]
