New Senior Investment Group
New Senior Investment Group is a publicly traded real estate investment trust with a diversified portfolio of senior housing properties located across the United States. New Senior is one of the largest owners of senior housing properties, with 103 properties across 36 states.
 | |
| Type | Public company |
|---|---|
| NYSE: SNR Russell 2000 Index Component | |
| Industry | Real estate investment trust |
| Founded | May 17, 2012 |
| Headquarters | New York City |
Key people | Susan Givens, CEO |
| Revenue |  $45 million (2019) |
| -$0 million (2019) | |
| Total assets | $2.194 billion (2019) |
| Total equity | $236 million (2019) |
Number of employees | 19 (2019) |
| Website | www |
| Footnotes / references [1] | |
History
New Senior was formed as a wholly owned subsidiary of Drive Shack Inc., formerly Newcastle Investment Corp, on May 17, 2012.[1] On November 6, 2014, New Senior was spun off from Drive Shack Inc. and listed on the NYSE under the symbol “SNR.”
Through December 31, 2018, New Senior was externally managed and advised by an affiliate of Fortress Investment Group LLC. New Senior internalized its management structure effective January 1, 2019 and is now a self-managed company.
In February 2020,New Senior completed the sale of all of its 28 assisted living/memory care properties for a gross sales price of $385 million. Following the sale, New Senior has a portfolio of 102 Independent Living properties and 1 triple net leased property.[2]
References
"New Senior Investment Group Inc. 2019 Form 10-K Annual Report". U.S. Securities and Exchange Commission.
External links
- Business data for New Senior Investment Group Inc.: