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CNL Healthcare Addresses Unsolicited Mini-Tender Amid Merger Plans

Story Highlights
  • CNL Healthcare’s board remained neutral on MacKenzie’s January 2026 mini-tender offer at $4.55 per share.
  • The company stressed MacKenzie’s price is well below its NAV and projected Sonida deal value, though some investors may accept for liquidity.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
CNL Healthcare Addresses Unsolicited Mini-Tender Amid Merger Plans

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The latest update is out from CNL Healthcare Properties ( (CHTH) ).

On January 12, 2026, MacKenzie Capital Management launched an unsolicited mini-tender offer to buy up to 400,000 shares, or about 0.23% of CNL Healthcare Properties’ common stock, at $4.55 per share, prompting CNL’s board to conduct a review and, on January 14, 2026, formally adopt a neutral stance, declining to recommend for or against tendering. The board highlighted that the MacKenzie offer price is significantly below both the company’s most recent estimated net asset value of $6.64 per share as of December 31, 2024, and the estimated $6.90 per-share consideration that shareholders could receive under CNL’s pending merger transaction with Sonida Senior Living, while acknowledging some investors may still opt for the discounted cash offer given their liquidity needs, the lack of a trading market, and uncertainty around the timing and completion of the Sonida deal and future distributions.

More about CNL Healthcare Properties

CNL Healthcare Properties, Inc. is a non-traded real estate investment trust focused on healthcare and senior housing assets, providing investors exposure to income-producing properties in the healthcare sector. The company’s shares are not currently traded on a public market, and it has suspended its stock redemption plan, leaving shareholders reliant on corporate transactions and tender offers for liquidity.

Average Trading Volume: 8,115

Technical Sentiment Signal: Buy

Current Market Cap: $657.3M

For an in-depth examination of CHTH stock, go to TipRanks’ Overview page.

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