New Senior Investment Group

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.

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.