New Senior Investment Group
 |
|
| Public company | |
| Traded as | : SNR |
| Industry | Real Estate Investment Trust |
| Founded | 2014 |
| Headquarters |
1345 Avenue of the Americas New York City |
|
Key people
|
Wes Edens, Chairman Susan Givens, CEO Justine Cheng, CFO |
| Revenue |
 $0.472 billion (2016) |
|
-$0.072 billion (2016) |
|
| Total assets |
 $2.821 billion (2016) |
| Total equity |
$0.578 billion (2016) |
| Website | www |
New Senior Investment Group is a publicly-traded real estate investment trust that invests in retirement homes.
As of December 31, 2016, the company owned 152 primarily private pay senior housing properties in 37 states in the United States, making it one of the largest publicly-traded owners of retirement homes.
The company is externally managed by an affiliate of Fortress Investment Group.
On November 6, 2014, Newcastle Investment Corp. completed the corporate spin-off of New Senior Investment Group.
In December 2014, the company agreed to acquire a 17-property portfolio for $435 million.
On August 12, 2015, the company acquired of 28 private pay, independent living properties from affiliates of Holiday Retirement for $640 million. The company financed the purchase in part with a $464.7 million loan originated by Walker & Dunlop.
In August 2017, the company sold 2 properties.
In October 2017, the company sold 15 properties for $296 million.
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Wikipedia