424(b)(3)
No. 333-47411
CNL HEALTH CARE PROPERTIES, INC.
This Supplement is part of, and should be read in conjunction with, the
Prospectus dated May 24, 1999. Capitalized terms used in this Supplement have
the same meaning as in the Prospectus unless otherwise stated herein.
Information in this Supplement is provided as of July 13, 1999. As of
July 13, 1999, the Company had not entered into any initial commitments to
acquire properties. Proposed properties for which the Company receives initial
commitments, as well as property acquisitions that occur after July 13, 1999
will be reported in a subsequent Supplement.
THE OFFERING
As of July 13, 1999, the Company had received aggregate subscription
proceeds of $2,751,052 from 121 investors, which exceeded the minimum offering
amount of $2,500,000, and $2,526,052 of the funds were released from escrow. The
remaining subscription proceeds of $225,000 (representing funds received from
Pennsylvania investors) will be held in escrow until aggregate subscription
proceeds total at least $7,775,000. As of July 13, 1999, the Company had
approximately $2,122,000 available to invest in Properties following deduction
of Selling Commissions, Marketing Support and Due Diligence Expense
Reimbursement Fees, Organizational and Offering Expenses of approximately three
percent and Acquisition Fees.
July 16, 1999 Prospectus Dated May 24, 1999
