CNL Healthcare Properties — Merger or Acquisition (March 2026)
23 slides from CNL Healthcare Properties's merger presentation, Mar 3, 2026
Slide 1: Company Update & State of Seniors Housing
Exhibit 99.1 Company Update & State of Seniors Housing Isle at Cedar Ridge LaPorte Cancer Center ® FOR BROKER DEALER / RIA SERVICING REPS USE ONLY © 2026 CNL Healthcare Corp. All Rights Reserved. CNL and the Squares Within Squares design trademarks are used under license from CNL Intellectual Proper
Slide 2: Presenters
Presenters Stephen H. Mauldin John McRae CEO and President of CNL Chief Investment Officer Healthcare Properties CNL Healthcare Properties \\Orlnapp02\cic\Marketing Communications\CHP\Logos\STRAIGHT\Word PPT version\CHP_46_RGB.PNG 2
Slide 3: General Notices
General Notices § This presentation is for general information purposes only and does not constitute legal, tax, investment or other professional advice on any subject matter. Information provided is not all-inclusive and should not be relied upon as being all-inclusive. § Certain statements in this
Slide 4: General Notices
General Notices § Although the company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, the company’s actual results could differ materially from those set forth in the forward- looking statements due to a variety of risks, uncertaint
Slide 5: Additional Information and Where to Find it
Additional Information and Where to Find it This communication does not constitute a solicitation of any vote or approval in connection with the transactions discussed herein (the “Transactions”). In connection with the proposed Transaction, Sonida Senior Living, Inc. (“Sonida”) has filed registrati
Slide 6: Participants in the Solicitation
Participants in the Solicitation The Company and its directors and executive officers and Sonida and its directors and executive officers and other members of their respective management and employees may be deemed participants in the solicitation of proxies from the Company’s stockholders in connec
Slide 7: Risk Factors
Risk Factors § Investing in a non-traded real estate investment trust (REIT) is a higher-risk, longer term investment and is not suitable for all investors. Due to the risks involved in the ownership of real estate, there is no guarantee of any return on investment. The shares may lose value or inve
Slide 8: Risk Factors
Risk Factors § There are significant risks associated with the senior housing and healthcare sectors including market risk impacting demand, litigation risk and the cost of being responsive to changing government regulations. Events, including macroeconomic trends such as inflation, which adversely
Slide 9: Welcome, State of Seniors Housing, What's Ahead
Welcome Company Update State of Seniors Housing What’s Ahead 9
Slide 10: CNL Healthcare Properties Update
CNL Healthcare Properties Update 10
Slide 11: Company Highlights
Company Highlights June 2011 Launched $1.7B Total Capital Raise $6.90 per share Net Asset Value as of 11/4/25 $1.74B Total Investment as of 11/7/24 70 Investments (Current) 69 needs-based seniors housing communities 1 development parcel Across 26 states MOB 13% 1Q26 Distribution (Annualized) 1.48% (
Slide 12: 2025 Key Business Plan Highlights
2025 Key Business Plan Highlights • Increased occupancy • Increased NOI • Renewed Primrose leased portfolio • Maintained modest company-wide leverage (<40%) • Transitioned HarborChase Shorewood community • Evaluated and executed monetization strategy(ies) 12
Slide 13: Strategic Alternatives
Strategic Alternatives In mid-2018, the Board of Directors announced the formation of a Special Committee to consider strategic alternatives in pursuit of Shareholder liquidity Since announcing commencement of strategic alternatives process in 2018, successfully sold 73 properties in 10 separate tra
Slide 14: Historical Estimated Net Asset Value
Historical Estimated Net Asset Value Recap Offering closed to new investors Special distribution $2.00/share Pandemic onset $11.00 $10.58 $10.32 $10.14 $10.00 $10.04 $10.01 $10.00 $9.75 $9.52 $9.13 $9.00 $9.00 $7.99 $7.81 $8.00 $7.37 $6.92 $7.00 $6.90 $6.64 $6.28 $6.00 $5.00 Net Asset Value Public O
Slide 15: What's Ahead
What’s Ahead 15
Slide 16: Transaction Overview
Transaction Overview (1)Based on Reference price of $26.74. Economic ownership of Sonida shareholders takes into account shares being issued to Conversant Capital and Silk Partners in respect of their $110 million equity investment an excludes as-converted effect of Sonida convertible preferred stoc
Slide 17: Timeline to Closing
Timeline to Closing Filings/Required Items Timeframe Joint Proxy & S-4 No later than Dec. 19 SEC Review Period 10 days to state whether it will review; 30 days to review. Definitive Proxy Filed 60 days Solicitation of Stockholder Votes Commences Stockholder Meeting 60 days after proxy filing Closing
Slide 18: The Combined Company Creates a Leading Pure-Play Publicly-Traded U.S. Senior Housing Company
The Combined Company Creates a Leading Pure-Play Publicly-Traded U.S. Senior Housing Company • $3.0B Enterprise Value th (1) • 8 Largest Senior Housing Owner • 100% Senior Housing (2) • 153 Owned Properties (No Operating Leases) (2) • ~14,700 Owned Units (No Operating Leases) Note: All metrics are a
Slide 19: The Combined Company
The Combined Company § The combination of Sonida and CHP creates a scaled, pure-play, high-growth and differentiated senior housing platform positioned to capitalize on long-term sector tailwinds 19
Slide 20: State of Seniors Housing
State of Seniors Housing 20
Slide 21: Seniors Housing Sector Review
Seniors Housing Sector Review Key Takeaways for 2025: • Fourth Consecutive Year Occupancy Rate Increased 200+ Basis Points • New Record Low in Inventory Growth • The year 2025 was the lowest on record for both the Primary and Secondary Markets since NIC MAP began tracking this data. Source: NIC MAP
Slide 22: Seniors Housing Sector Review: Demographic Trends
Seniors Housing Sector Review DEM OGRAPHI C TRENDS 2 Source: Ventas 4Q2025 Earnings Presentation 1. 80+ population estimates from Oxford Economics as of December 2025 reflecting growth from 4Q25 to 4Q30. 2. Construction and inventory data provided by National Investment Center for Seniors Housing &
Slide 23: Seniors Housing Sector Review: New Record Low Inventory Growth
Seniors Housing Sector Review NE W RE CO RD LO W I N I NV E NTO RY G RO W TH Source: Ventas 4Q2025 Earnings Presentation 2. Construction and inventory data provided by National Investment Center for Seniors Housing & Care (“NIC”); reflects senior housing within NIC’s Top 99 Primary and Secondary mar
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