New Senior Investment Group
New Senior Investment Group is moving a group of 51 Holiday Retirement communities that have "lagged expectations" from its triple-net lease portfolio to its portfolio of managed properties as part of an ongoing strategic review process, the REIT said Thursday.
Citing "negative pressures" related to supply and increased competition, New Senior Investment Group CEO Susan Givens said Friday that the real estate investment trust is considering various "strategic alternatives" to help increase shareholder value.
Holiday Retirement's operating model change from live-in property managers to more traditional executive directors continued to affect occupancy in New Senior Investment Group's independent living portfolio in the third quarter. But things are looking up, executives said.
New Senior Investment Group will decrease its skilled nursing exposure and increase its independent living exposure before the end of the year when it completes the sale of $296 million in Life Care Services and Holiday Retirement communities in Florida and Texas, the real estate investment trust announced Thursday.
Chicago-based Enlivant Senior Living for the first time is ranked among the top 10 largest senior housing owners in the United States on the 2017 ASHA 50 list.
Holiday Retirement properties in real estate investment trust NHI's portfolio have seen a steady increase in occupancy over the past three months as the country's largest independent living operator finished implementing a change in its management model, NHI Executive Vice President of Investments Kevin Pascoe said Wednesday during a second-quarter earnings call.
Holiday Retirement's operating model transition, which saw community oversight change from live-in managers to more traditional executive directors over the past year, continued to affect occupancy in the second quarter and, therefore, the portfolio performance of New Senior Investment Group, the publicly traded real estate investment trust's CEO, Susan Givens, told participants in a Thursday earnings call.
A New Senior Investment Group shareholder has amended a lawsuit that alleges that members of the real estate investment trust's board acted in their own self-interest when they acquired 28 independent living properties from affiliates of Holiday Retirement for $640 million in 2015.
Holiday Retirement's transition from live-in property managers to more traditional executive directors has negatively affected occupancy at its communities, New Senior Investment Group executives shared Thursday in a first-quarter earnings call.
Independent living remains a very attractive subsegment of senior living for New Senior Investment Group, for several reasons, executives with the publicly traded real estate investment trust said during a Wednesday third-quarter earnings call.
Brookdale once again tops this year's ASHA 50 lists of owners and operators of senior living communities in the United States, released Wednesday. The lists do contain some changes from last year, however.
The co-founder and former president of KTR Capital Partners has been appointed an independent director of New Senior Investment Group.
New Senior Investment Group has completed its previously announced $640 million acquisition of 28 independent living properties from affiliates of Holiday Retirement, the real estate investment trust announced.