Exclusive Financial Advisor on the formation of a fully discretionary Joint Venture for Senior Housing opportunities across the risk spectrum and including developments.
CBRE Capital Advisors, in conjunction with the CBRE National Senior Housing Team, acted as exclusive financial advisor to LCS on the formation of a $300 million equity commitment for a senior housing programmatic joint venture
Founded in 1971, LCS is a fully integrated family of six senior housing companies that allows for unsurpassed vertical efficiencies in real estate ownership, management, development, home health, group purchasing and insurance
LCS is the 3rd largest operator in the senior housing industry and draws on the experience from a diversified portfolio comprised of 141 communities in 32 states with 34,400 units and approximately 24,000 employees
Sponsor was seeking a like-minded, long term institutional partner to invest in senior housing acquisitions across the risk spectrum and including development
LCS and their new investment partner are looking to take advantage of the favorable sector fundamentals as the first wave of baby boomers enter the age of 80+ (average age of move-in for independent living communities)
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