Corporate
Profile
Provident Senior Living Trust
is a self-administered and self-managed
real estate investment trust headquartered
in Princeton, New Jersey. Provident
focuses on acquiring income producing
senior living properties, primarily
independent and assisted living
properties, located in the United
States, that derive substantially
all of their revenues from private
pay sources. The Company currently
has invested approximately $1
billion in 68 properties in 19
states containing approximately
6,819 units, which are triple-net
leased to experienced operators
with substantial senior living
expertise.
In August 2004, the Company
raised $430 million of equity
through a private placement
offering. Following the closing
of the private placement, Provident
acquired 68 senior living properties
with a value of approximately
$1 billion, which was funded
from the proceeds of the private
placement, the assumption of
existing mortgage debt and proceeds
from the Company's line of credit.
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