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CATHEDRAL at chapel hill selects CNL Specialty Real Estate Services TO LEAD SALE OF 53-acre campus


(ORLANDO, Fla.) October 31, 2008 – CNL Specialty Real Estate Services has been selected to lead the sale of Cathedral at Chapel Hill’s 53-acre campus in Decatur, GA, including a 5,500-seat auditorium, 1,100-seat atrium/fellowship hall, multiple classrooms and offices, and nearly 2,000 parking spaces. The listing price is $24.5 million.

“This is one of the largest religious and educational facilities currently available in the United States,” said Matt Messier, broker and principal of CNL Specialty Real Estate Services, which focuses exclusively on religious, educational and not-for-profit real estate. “We are honored to have been selected to find a buyer for the current facility and help the congregation find space better suited to its needs.”

"As the message and expression of our ministry has transitioned to become more open and radically inclusive of all people, we realize the ministry can be facilitated in a smaller and more urban location,” said Cathedral at Chapel Hill Senior Pastor D.E. Paulk. “As we endeavor to reflect the image of God's unconditional love, we are confident that the best is yet to come."

Located at 4650 Flat Shoals Parkway, Cathedral at Chapel Hill is one of seven assignments CNL Specialty Real Estate Services is currently managing in the metro Atlanta area and 50 it is marketing throughout the country. The company also represents Atlanta Public Schools (APS) in the disposition of its surplus schools and vacant land.

CNL Specialty Real Estate Services to Lead Sale of Cathedral at Chapel Hill p/2

“We view the greater Atlanta area as an ideal place to grow our company,” said Messier. “There are many strong and sustainable communities here with a great deal of religious and educational diversity. And Atlanta’s continued population growth will fuel ongoing real estate opportunities in our niche markets.”

About CNL Specialty Real Estate Services

CNL Specialty Real Estate Services is one of the premier providers of real estate services to religious, educational and not-for-profit organizations in the country. Over the past 40 years, the company’s principals have assisted more than 1,500 churches and schools with the purchase or sale of real estate. Today, CNL Specialty Real Estate Services is marketing more than $130 million of property for sale. For more information, visit www.cnl.com/specialty. For information contact: Lorri Shaban, APR CNL Financial Group (407) 650-1026

CNL Specialty Real Estate Services is part of Orlando-based CNL Financial Group, one of the nation’s largest privately owned real estate investment and development companies. Over the past 34 years, CNL and/or its affiliates have formed or acquired companies with more than $23 billion of real estate properties including office, industrial, restaurant, retail, hotel and resort, retirement, healthcare, lifestyle and community developments. For more information, visit www.cnl.com.

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Last modified: 11/24/08

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