NEW YORK CITY — New Senior Investment Group Inc. (NYSE: SNR), a New York-based seniors housing REIT, has agreed to sell its entire assisted living and memory care portfolio for $385 million. The portfolio comprises 28 properties across 14 states totaling 2,840 units. The deal will leave the company with 102 independent living properties and one continuing care retirement community.
Company News
IRVINE, Calif., and BRENTWOOD, Tenn. — Two of the largest publicly traded companies in the seniors housing space — Irvine based REIT HCP (NYSE:HCP) and Brentwood-based owner-operator Brookdale Senior Living (NYSE: BKD) — have announced a series of transactions totaling more than $1 billion to restructure the relationship between the companies.