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.
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.