New Senior Investment Group Inc.
 | |
| Defunct | |
| ISIN | 🆔 |
| Industry | Real estate investment trust |
| Founded 📆 | May 17, 2012 |
| Founder 👔 | |
| Headquarters 🏙️ | New York City |
Area served 🗺️ | |
Key people | Wes Edens, Chairman Susan Givens, CEO Justine Cheng, CFO |
| Revenue🤑 |  $45 million (2019) |
| -$0 million (2019) | |
| Total assets | $2.194 billion (2019) |
| Total equity | $236 million (2019) |
| Members | |
Number of employees | 19 (2019) |
| 🌐 Website | www |
| 📇 Address | |
| 📞 telephone | |
| Footnotes / references [1] | |
New Senior Investment Group was a real estate investment trust that invested in retirement homes. As of February 2020, the company owned 103 primarily private pay senior housing properties.[2] The company was acquired by Ventas in 2021.
History[edit]
The company was formed on May 17, 2012, as a subsidiary of Newcastle Investment Corp.[1]
On November 6, 2014, Newcastle completed the corporate spin-off of the company.[3]
In December 2014, the company agreed to acquire a 17-property portfolio for $435 million.[4][5]
On August 12, 2015, the company acquired of 28 private pay, independent living properties from affiliates of Holiday Retirement for $640 million.[6] The company financed the purchase in part with a $464.7 million loan originated by Walker & Dunlop.[7]
In October 2017, the company sold 15 properties for $296 million.[8]
In February 2020, the company sold its assisted living/memory care portfolio for $385 million.[2]
References[edit]
- ↑ 1.0 1.1 "New Senior Investment Group Inc. 2019 Form 10-K Annual Report". U.S. Securities and Exchange Commission.
- ↑ 2.0 2.1 "New Senior Announces Completion of Strategic Transaction to Sell Assisted Living/Memory Care Portfolio & Related Refinancing Activity" (Press release). Business Wire. February 10, 2020.
- ↑ "New Senior Announces Completion of Spin-Off from Newcastle" (Press release). Business Wire. November 7, 2014.
- ↑ "New Senior Announces Agreement to Acquire $435 Million of Senior Housing Assets and the Closing of a $16 Million Senior Housing Acquisition" (Press release). Business Wire. December 22, 2014.
- ↑ Kirchen, Rich (December 24, 2014). "Wes Edens-related senior living firm plans $435M acquisition". American City Business Journals.
- ↑ "New Senior Announces Completion of $640 Million Acquisition of Independent Living Assets" (Press release). Business Wire. August 17, 2015.
- ↑ "Walker & Dunlop Closes $465 Million Financing for New Senior Investment Group, Inc" (Press release). PR Newswire. August 19, 2015.
- ↑ "New Senior Announces $296 Million of Asset Sales Under Contract" (Press release). Business Wire. October 5, 2017.
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