New Senior Investment Group
 | |
| Public | |
| Traded as | NYSE: SNR |
| Industry | Senior Housing and Retirement Operators: Real Estate Investment Trust |
| Founded | 2014 |
| Headquarters |
Burlington House New York City, United States |
Key people | Susan Givens: CEO; Justine Cheng: CFO |
| Revenue | $302.59 million USD (2014) |
 $-66.88 million USD (2014) [1] | |
| Website | www.newsenior.com |
New Senior Investment Group (NYSE: SNR) is a publicly-traded real estate investment trust with a $3.1 billion portfolio of senior housing properties across the United States.
New Senior is one of the largest owners of senior housing properties in the United States. It owns 154 independent senior living properties, assisted living / memory care properties and continuing care retirement communities properties across 37 states and operates around half of these properties under what is known as a RIDEA structure.
New Senior is externally managed and advised by FIG LLC, an affiliate of Fortress Investment Group LLC, which is a global investment management firm of $74.3 billion assets under management.[2]
History
The company spun-off from Newcastle Investment Corp in November, 2014 onto the New York Stock Exchange.
On August 12, 2015, New Senior paid $640 million for independent living properties from Holiday Retirement, which is the second largest U.S. retirement operator and also owned by Fortress Investment Group.[3] [4]
References
- ↑ "SNR Income Statement". finance.yahoo.com. Retrieved 26 Aug 2015.
- ↑ "Corporate Overview", New Senior Investment Group, August 2015 (retrieved August 26, 2015).
- ↑ "New Senior Announces Completion of $640 Million Acquisition of Independent Living Assets". Business Wire. August 17, 2015.
- ↑ "New Senior Announces Completion of $640 Million Acquisition of Independent Living Assets". Reuters. August 17, 2015.