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CNL Lifestyle Properties (the "Company") is a real estate investment trust (REIT) that invests in income-producing properties with a focus on lifestyle-related industries. The Company acquires properties and leases them on a long-term, triple-net lease basis or engages qualified third-party managers to operate properties on its behalf. CNL Lifestyle Properties invests in properties with the potential for long-term revenue generation and appreciation based on demographic trends, associated concentrations of wealth and other proprietary underwriting models. CNL Lifestyle Properties has built a unique portfolio of diversified properties, many of which are long-established and represent parts of the American lifestyle. The Company completed its third and final public offering of shares to new investors on April 9, 2011. CNL Lifestyle Properties continues to actively manage and reinvest in existing properties, as well as deploy the final capital raised by making select acquisitions. As of May 13, 2015, the portfolio consisted of 67 lifestyle properties. CNL Lifestyle Properties has a continuing commitment to maximizing total long-term value for its shareholders
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Clearlake Capital Group, L.P. is a leading private investment firm founded in 2006. With a sector-focused approach, the firm seeks to partner with world-class management teams by providing patient, long-term capital to dynamic businesses that can benefit from Clearlake`s operational improvement approach, O.P.S.® The firm`s core target sectors are industrials and energy; software and technology-enabled services; and consumer. Clearlake has managed over $7 billion of institutional capital since inception and its senior investment principals have led or co-led over 100 investments.