New Senior Investment Group Inc. Announces Appointment of Robert Savage as Chairman of the Board

New Senior Investment Group Inc. is a Real Estate Investment Trust (REIT). The Company is primarily focused on investing in private pay senior housing properties. The Company owns a geographically diversified portfolio of 103 primarily private pay senior housing properties consisting of 102 independent living (IL) properties and one continuing care retirement community (CCRC), located across 36 states. Its 102 IL properties are managed by Holiday Retirement (Holiday). Holiday is a senior housing operator in the United States. The Company manages its properties by affiliates or subsidiaries of each of Holiday, Merrill Gardens LLC (Merrill Gardens), and Grace Management, Inc. (Grace). It also owns one continuing care retirement community (CCRCs) and lease this property under a triple net lease agreement to Watermark Retirement Communities, Inc. (Watermark), a healthcare operating company.