New Senior Investment Group Inc. (NYSE:SNR) Files An 8-K Other Events
Item 8.01 Other Events.
On April24, 2019, New Senior Investment Group Inc. (the Company) issued a press release announcing an agreement to settle a derivative lawsuit and proposed governance changes.A copy of the press release is included as Exhibit 99.1 to this report and incorporated by reference herein.
Item 8.01 Financial Statements and Exhibits.
|Press release dated April24, 2019|
New Senior Investment Group Inc. Exhibit
EX-99.1 2 d736523dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 Contact: David Smith (646) 822-3700 NEW SENIOR ANNOUNCES SETTLEMENT AND PROPOSED GOVERNANCE CHANGES NEW YORK April 24,…
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About New Senior Investment Group Inc. (NYSE:SNR)
New Senior Investment Group Inc. is a real estate investment trust (REIT) with a diversified portfolio of senior housing properties located across the United States. The Company conducts its business through two segments: Managed Properties and Triple Net Lease Properties. Under its Managed Properties segment, the Company operates approximately 100 properties under property management agreements with the Property Managers. Under its Triple Net Lease Properties segment, the Company leases over 60 of its properties under approximately four triple net master leases. The Managed Properties consist of over 50 independent living facilities (IL-only) and approximately 40 properties with a combination of assisted living/memory care (AL/MC) facilities. The Triple Net Lease Properties consist of over 50 IL-only properties, approximately five rental continuing care retirement communities (CCRC) properties and over one AL/MC property.