Lee Cooperman Increases New Senior Investment Group Stake ~ market folly

Tuesday, March 17, 2015

Lee Cooperman Increases New Senior Investment Group Stake

Lee Cooperman of Omega Advisors has filed a 13G with the SEC regarding his position in New Senior Investment Group (SNR).  Per the filing, Cooperman now owns 5.13% of the company with over 3.4 million shares.

He's increased his holdings by 803,327 shares since the end of the first quarter.  The filing was required due to activity on March 5th.

We've detailed other recent portfolio activity from Cooperman here.

Per Google Finance, New Senior Investment Group is "a real estate investment trust (REIT) with a portfolio of senior housing properties across the United States. The Company’s portfolio is categorized into two segments: Managed Properties, which are operated by property managers as property management agreements and Triple Net Lease Properties, which the Company lease to tenants. The Company’s managed portfolio includes 42 assisted living, memory care and independent living properties and its triple net lease portfolio includes 57 assisted living, memory care, independent living and continuing care retirement communities."

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