Climate Change Data

CNL Healthcare Properties, Inc.

Climate Impact & Sustainability Data (2022, 2023)

Reporting Period: 2022

Environmental Metrics

Climate Goals & Targets

Short-term Goals:
  • Continued rebuilding of occupancy in 2023.

Environmental Challenges

  • Challenging labor market with measurable impact on expenses and elevated staffing costs.
  • Inflationary environment resulting in higher operational expenses across the board (dining, utilities, insurance).
  • COVID-19 related challenges impacting occupancy, resident fees, and revenues.
Mitigation Strategies
  • Intensified focus on hiring and filling vacant staff roles.
  • Implemented rate increases during resident lease renewals.
  • Actively managed debt portfolio and balance sheet to enhance strength and liquidity.
  • Refinanced $44.5 million of project-level secured debt.

Supply Chain Management

Climate-Related Risks & Opportunities

Physical Risks
  • Catastrophic weather and other natural events (hurricanes, flooding, fires).
Transition Risks
  • Legislation to regulate GHG emissions.
  • Increased capital expenditures to improve energy efficiency.

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Not disclosed

Environmental Achievements

  • Not disclosed

Social Achievements

  • Not disclosed

Governance Achievements

  • Not disclosed

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Occupancy gains were slower than expected.
  • Labor costs and inflation tempered operating margins.
  • Macroeconomic factors negatively impacted the annual valuation of assets.
  • The cost of expenses (staffing, interest, insurance, food, fuel) continued to increase.
  • Economic and transactional environments were not conducive for dispositions or large-scale deals in 2023 due to volatile credit and debt capital markets and rising interest rates.
Mitigation Strategies
  • Successfully negotiated and executed the early refinancing of $600 million corporate credit facilities, extending maturity to May 2026.
  • Intensified focus on hiring and filling vacant staff roles, reducing reliance on temporary agency labor.
  • Proactively managed unhedged floating interest rate exposure.
  • Maintained $106.1 million of liquidity.
  • Continued to manage and contain expenses.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Not disclosed

Climate-Related Risks & Opportunities

Physical Risks
  • Catastrophic weather events (hurricanes, flooding, fires, etc.)
  • Climate change (extreme weather, changes in precipitation and temperature, rising sea levels)
Transition Risks
  • Regulatory changes regarding GHG emissions.
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed