Rule 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 March 31, 2000 and the Prospectus Supplement dated June 2,
2000. Capitalized terms used in this Supplement have the same meaning as in the
Prospectus unless otherwise stated herein.
At the annual meeting of stockholders of the Company, held on May 10,
2000, the stockholders of the Company approved amendments to the Articles of
Incorporation proposed by the Board of Directors to expand the range of
borrowers to which the Company may make loans. These amendments became effective
upon filing with the Maryland State Department of Assessments and Taxation on
June 27, 2000.
RECENT DEVELOPMENTS
On July 1, 2000, the Board of Directors declared distributions of
$0.058 per Share to stockholders of record on July 1, 2000, representing an
annualized distribution rate of 7%. See "Distribution Policy" in the Prospectus
for information on how distributions are declared.
CONFLICTS OF INTEREST
The following sentence replaces the first sentence in item 3 under the
heading " - Certain Conflict Resolution Procedures" on page 37 of the
Prospectus.
The Company will not make loans to the Sponsor, Advisor, Directors or
any Affiliates thereof, except (A) mortgage loans subject to the restrictions
governing mortgage loans in the Articles of Incorporation (including the
requirement to obtain an appraisal from an independent expert) or (B) to wholly
owned subsidiaries of the Company.
INVESTMENT OBJECTIVES AND POLICIES
In addition, the following sentence replaces item 16 under the heading
" - Certain Investment Limitations" on page 86 of the Prospectus.
The Company will not make loans to the Advisor or its Affiliates,
except (A) mortgage loans subject to the restrictions governing mortgage loans
in the Articles of Incorporation (including the requirement to obtain an
appraisal from an independent expert) or (B) to wholly owned subsidiaries of the
Company.
July 12, 2000 Prospectus Dated March 31, 2000
