Exclusive Financial Advisor
June 2, 2018

Overview


  • 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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