New Senior Investment Group, Inc.
New Senior Investment Group, Inc. engages in investing in private pay senior housing properties. It operates through Managed IL Properties, Managed AL/MC Properties and Triple Net Lease Properties. The Managed IL Properties and Managed AL/MC Properties invest in senior housing properties throughout the United States and engage property managers to manage those senior housing properties.
The Triple Net Lease Properties invests in senior housing and healthcare properties throughout the United States and lease those properties to healthcare operating companies under triple net leases that obligate the tenants to pay all property-related expenses, including maintenance, utilities, taxes, insurance, repairs, capital improvements and the payroll expense of property-level employees.