New Senior CFO David Smith Accepts New Job, Will Resign from REIT

NEW YORK CITY — New Senior Investment Group Inc. (NYSE: SNR) has announced the resignation of David Smith, the company’s chief financial officer and executive vice president. Smith has accepted “another business opportunity,” but details on that job were not disclosed.

Smith will continue in his current position through the third quarter to ensure a smooth transition. Bhairav Patel, the company’s current chief accounting officer and executive vice president of finance and accounting, will assume these additional responsibilities while the company conducts a search for a permanent replacement.

“We thank David for his significant contributions to New Senior over the past five years, particularly his work through the company’s internalization that occurred at the beginning of the year,” says Susan Givens, the company’s CEO.

Smith’s resignation is not related to any issues involving the company’s operations, financial statements, internal controls, policies or practices, according to a press release from New Senior.

Based in New York, New Senior Investment Group Inc. (NYSE: SNR) is a publicly traded real estate investment trust with a diversified portfolio of seniors housing properties located across the United States. As of June 30, 2019, New Senior owns 131 properties across 37 states.