David Laffey Promoted to Executive Vice President

Des Moines, Iowa, July 19, 2017 --

LCS today announced that David Laffey was promoted from senior vice president to executive vice president, LCS Real Estate™, An LCS Company. Laffey was also appointed to the board of managers for Life Care Companies LLC.

David Laffey, Executive Vice President at LCS

“We are delighted to have David join the board,” stated Patrick Duffy, president and managing partner of McCarthy Capital, and an outside director on the LCS board of managers. “David’s expertise, keen insights, and critical thinking will serve the LCS board well.”

Laffey joined LCS in 2009 and is responsible for the organization’s overall business performance related to equity investments, debt placement, and asset management. In addition to serving on the board of managers, Laffey holds positions on the company’s executive leadership committee, management committee, and investment committee. Prior to joining LCS, Laffey spent 11 years with Ziegler, most recently as the managing director at Ziegler Capital Markets. He earned his Bachelor of Science in finance from Villanova University and is a frequent presenter at national conferences.

About LCS®

Based in Des Moines, Iowa, and established in 1971, LCS is a leading provider of high-quality senior lifestyle products and services. The LCS Family of Companies focus on development, operations management, marketing and sales management, and strategic planning for Life Plan Communities, formerly referred to as Continuing Care Retirement Communities (CCRC), and rental independent living, assisted living, and memory care communities nationwide. The company also provides a full-service real estate private equity enterprise, insurance, national purchasing consulting services and in-home care. The companies of LCS serve thousands of seniors across the nation. For more information, visit LCSnet.com.

About LCS Real Estate™

LCS Real Estate, An LCS Company, is a full-service real estate private equity enterprise providing a full complement of capital market services to the parent company including investments, debt placement, and asset management of senior living communities. The company currently has AUM in excess of $1.3 billion in 38 properties totaling over 8,000 units in 16 states.  LCS Real Estate actively pursues transactions, connects its investor partners with opportunities, and sources deal flow. For more information visit LCSrealestate.com.

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Attachments:

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/8def144f-4f9e-4f01-bf3d-e41409de0975

Attachments:

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/ae2900a0-486f-4075-a3e0-d5ab1a068c5f

Jeri Uhlmansiek
LCS
515.875.4500
[email protected]