CNL Financial Group has made two key leaders at CNL Healthcare Properties and CNL Healthcare Properties II, non-traded REITs that invest in seniors housing and healthcare assets.
Ixchell Duarte has been named chief financial officer and treasurer and John Starr has been named chief operating officer for both REITs, effective Wednesday, Feb. 7.
They will be replacing Kevin Maddron, who has resigned from his positions as chief financial officer and chief operating officer for both REITs to become the chief investment officer for Foster Senior Living, a privately held seniors housing development and management company. Foster Senior Living is a long-standing, third-party operator for CNL.
Duarte first joined CNL in 1995, holding a variety of financial and accounting roles with CNL affiliates, including CNL Restaurant Properties. She served as senior vice president and chief accounting officer of Trustreet Properties, a publicly traded REIT. Following the sale of Trustreet Properties to GE Capital in 2007, she served as controller at GE Capital – Franchise Finance (GEFF). Since rejoining CNL in 2012, she has served as senior vice president and chief accounting officer for all of the CNL REITs, and held the roles of senior vice president and chief accounting officer for both CNL Healthcare Properties and CNL Healthcare Properties II. Prior to joining CNL, Duarte served as audit manager in the Orlando, Florida, office of Coopers & Lybrand, where she worked with several CNL entities, and on the audit staff in the New York office of KPMG. She received a bachelor’s degree in accounting from the Wharton School of the University of Pennsylvania and is a Certified Public Accountant.
Starr first joined CNL in 2002 as an assistant vice president of special servicing for CNL Restaurant Properties. In 2004, he became vice president of real estate portfolio management at Trustreet, and following the sale of that company to GE Capital, he served as vice president of special servicing at GEFF. Since rejoining CNL in 2007, he has served as senior vice president of asset management for CNL’s real estate advisory group and most recently as platform-wide chief portfolio officer for all CNL real estate vehicles, including both CNL Healthcare Properties and CNL Healthcare Properties II. Prior to joining CNL, Starr worked in portfolio management in Wachovia Bank’s credit products group. He has a bachelor’s degree in business and an MBA from the University of Florida.
