New Senior Investment Group Inc. (“New Senior” or the “Company”) (NYSE: SNR) announced that it has completed the sale of its entire Assisted Living/Memory Care (“AL/MC”) portfolio for a gross sale price of $385 million (the “Transaction”). Proceeds from the Transaction were used to reduce debt by approximately $360 million. The Company’s portfolio now consists of 102 Independent Living (“IL”) properties and one continuing care retirement community.
Read the full article: New Senior Announces Completion of Strategic Transaction to Sell Assisted Living/Memory Care Portfolio //
Source: http://ir.newseniorinv.com/file/Index?KeyFile=402729875