New Senior Investment Group is a real estate investment trust that owns a portfolio of senior housing properties located across the United States. The company’s properties include independent living properties, assisted living and memory care properties, and care retirement community properties. New Senior Investment Group operates through two segments. The managed properties segment is operated by property managers pursuant to property management agreements. The triple-net lease properties segment leases to tenants through long-term triple-net lease arrangements, which have an initial term followed by renewal options and periodic rent increases based on the consumer price index. The company is externally managed and advised by FIG LLC.