New Senior Investment Group - McKnight's Senior Living

New Senior Investment Group

New Senior to sell LCS, Holiday properties for $296 million

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.

Kevin Pascoe

Holiday occupancy steadily improving, NHI says

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.

Occupancy declines at Holiday continue to affect New Senior

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.

Independent living remains big draw for New Senior

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.

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