Senior living investments

Let’s invest in a better future together.

LCS Real Estate™, An LCS Company, is a full-service real estate private equity enterprise working with the LCS Family of Companies to create a synergistic platform unique in senior living. Our real estate ownership includes Life Plan Communities (formerly known as Continuing Care Retirement Communities or CCRCs), and Rental (Independent Living, Assisted Living and Memory Care). Each of our investments is nurtured with a commitment to long-term stewardship.

As an owner, operator and developer of senior living communities, LCS has the ability to invest equity with key partners in strategic assets and locations. We also act independently in the marketplace actively pursuing transactions. Our wealth of experience and connectivity to capital relationships allow us to connect investor partners with opportunities and source deal flow.

Success and services built on partnership.

What makes LCS Real Estate different from other senior living operators is that we provide a full complement of capital market services:

  • Investments
  • Debt Placement
  • Asset Management

Plus, we have a proven track record of performance and excellence, with personal and attentive customer service that is both transparent and accountable. Over the years, we’ve been proud to have built long-term relationships with these companies:

Debt Partners
  • Bank of America
  • Bankers Trust
  • BB&T
  • BBVA Compass
  • BMO Harris
  • BOKF (Bank of Texas)
  • Capital One
  • Dougherty Funding
  • Fannie Mae
  • NHI
  • Pinnacle Bank
  • Sentio
  • Synovus Financial Group
  • TCF National Bank
  • Texas Capital Group
  • Tuxedo Capital

 

Equity Partners
  • Blue Moon Capital Partners, LLC
  • Fundamental Advisors
  • Harrison Street Real Estate Capital, LLC
  • Herbert J. Sims & Co., Inc.
  • New Senior Investment Group, Inc.
  • ROC | Senior Housing Fund Manager, LLC
  • Walton Street Capital, LLC
  • Westminster Capital, LLC

 

Development Partners
  • Ryan Companies US, Inc.
  • Titan Development, Ltd.

 

Financial Intermediary Partners
  • CBRE
  • Cushman & Wakefield
  • JLL
  • HFF

Proven leadership.

Our collaborative, thought-provoking and innovative culture is fostered by our leadership team and is rooted in years of experience and know-how. We’ll use our unique understanding of every aspect of a senior living community — from financing to development to management — to help you succeed.

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Hear how LCS recommends senior living communities position themselves to be attractive to investors.

David LaffeyDavid Laffey is the senior vice president/director of capital markets. He joined LCS in 2009 as vice president/director of property finance. He is responsible for developing and overseeing the structure of all capital-related items, including development and negotiation of new equity joint ventures and lender relationships for acquisitions and development, as well as recapitalization and refinancing activity. David holds positions on the Executive Leadership Committee, Management Committee and Investment Committee. Prior to joining LCS, David was a managing director at Ziegler Capital Markets. He earned a Bachelor of Science in finance from Villanova University and is a frequent presenter at national conferences.

Dan LaheyDan Lahey is the vice president/director of investments for LCS. In this role, Dan leads LCS strategic investment activities, including acquisitions, joint ventures, mergers and leases. He also serves as chair of the LCS Investment Committee. Prior to joining LCS in 2008, Dan spent 9 years providing audit and tax services for Denman and Company LLP in West Des Moines, Iowa. He holds a Bachelor of Arts in accounting and finance from Wartburg College, and received his CPA certification in 1999.

Allison PendroyAllison Pendroy is vice president/director of asset management, overseeing the investment management performance of the LCS real estate portfolio. Prior to joining LCS in 2009, she held positions within commercial real estate, investments and finance at Principal Real Estate Investors, Carlson Hotels Worldwide and Piper Jaffray Ventures. Allison is a voting member of the Investment Committee and is a member of the NIC Future Leaders Council Class of 2018. She also serves on the board of directors of Link Associates, a not-for-profit organization that provides services to individuals with intellectual disabilities. Allison earned a Bachelor of Business Administration in finance from The University of Iowa.

Sarah DorrSarah Dorr is the director of debt placement for LCS. In this role, Sarah oversees the financing needs of the LCS real estate portfolio utilizing proactive asset analysis strategies. Prior to joining LCS in 2015, Sarah worked in the commercial mortgage lending industry. Most notably working with Aegon USA Realty Advisors for 14 years as an originator of commercial mortgage loans in the Southeast, as well as an originator of subordinate debt nationwide. Sarah earned her Bachelor of Arts degree in finance with an emphasis in real estate from The University of Northern Iowa, and her MBA from The University of Iowa.

LCS Real Estate — an integral part of the LCS Family of Companies.

As a vital member of the LCS Family of Companies, LCS Real Estate draws upon 40-plus years of experience from our team members at Life Care Services and LCS Development. This means that our senior living investment partners can access a well-informed perspective from two of the most respected companies in senior living, by just taking a short walk down the hall.

Select a link to learn more:

Life Care Services – We offer an array of senior living management experts to help improve financial performance and re-energize marketing and sales.

LCS Development – We know the ins and outs of developing senior living from the ground up. We can also help with master planning and redevelopment.

To contact us, fill out the form.