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CNL Lifestyle Properties, Inc.
450 South Orange Avenue
Orlando, FL 32801
United States
Phone: 407-650-1000
Fax: 877-694-1116
Website: http://www.cnllifestylereit.com
CNL Income Properties, Inc. operates as a real estate investment trust (REIT). The company primarily invests in lifestyle properties in the United States and Canada, which it leases on a long-term and triple-net basis to tenants or operators. It invests in dealership properties; campgrounds and recreational vehicle parks; health clubs, athletic training facilities, wellness centers, and spa facilities; parking lots; merchandise marts; destination retail and entertainment centers; and marinas that offer recreational boat slip rentals and services. These properties also include ski resorts, such as ski-in/ski-out alpine villages, townhouses, lodging, and related properties; golf courses and golf resorts, including retail villages, townhouses, lodges, and related properties; amusement parks, waterparks, and family entertainment centers, which include lodging facilities; real estate in and around lifestyle communities; vacation ownership interests; and sports-related venues and cultural facilities. The company also makes or acquires loans, including mortgage or mezzanine with respect to various properties that it invests in. As of March 31, 2005, it invested in properties at ten locations. CNL Income Properties qualifies as a REIT for federal income tax purposes. As a REIT, it would not be subject to federal income tax to the extent that it distributes at least 90% of its taxable income to its shareholders. The company was founded in 1973 and is headquartered in Orlando, Florida.