Exclusive Financial Advisor
LCS
Exclusive Financial Advisor on the formation of a fully discretionary Joint Venture for Senior Housing opportunities across the risk spectrum and including developments
.png)
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)
Related Sector Experience
Exclusive Financial Advisor and placement agent to Providence Energy Corporation on the formation of a strategic oil and gas vehicle with a major U.S. private pension fund
$1.8 billion
Exclusive Financial Advisor to a Global Hospitality Company on the acquisition of five landmark hotels acquired from a Global Private Equity CompanyExclusive Financial Advisor to Madison International Realty on the sale of an L.P. interest in 520 Madison Avenue, to a Global Family Office