New Senior Investment Group (NYSE: SNR) is a publicly-traded real estate investment trust with a diversified portfolio of senior housing properties located across the United States.
As of September 30, 2017, we are one of the largest publicly-traded owners of senior housing properties, owning 148 properties across 37 states. Our portfolio is well diversified in terms of product type, operating model and geography. As of September 30, 2017, we have 103independent living (“IL”) properties, 40 assisted living / memory care (“AL/MC”) properties and 5 continuing care retirement communities (“CCRC”) properties.
Our portfolio is categorized into two major segments: (1) Managed Properties, which are operated by property managers pursuant to property management agreements and (2) Triple Net Lease Properties, which we lease to tenants. Our managed portfolio includes 90 assisted living, memory care and independent living properties and our triple net lease portfolio includes 58 assisted living, memory care, independent living and continuing care retirement communities.
We are externally managed and advised by FIG LLC, an affiliate of Fortress Investment Group LLC, which is a leading global investment management firm with $36.1 billion of assets under management as of September 30, 2017. We intend to leverage Fortress’s 15+ years of experience in the senior housing industry to assist us in retaining best-in-class property managers, sourcing and completing attractive acquisitions.
More detailed information about our business is included in our reports filed with the Securities and Exchange Commission (SEC). These reports describe, among other things, certain risks that could have a material adverse impact on our ability to achieve our business objectives, realize our expected investment returns, and pay dividends. We urge you to review these risks and the other information in our SEC reports.