Leadership Change at LTC Properties
After more than 17 years at the helm of LTC Properties, Wendy Simpson is stepping down as CEO and will become Executive Chairman. Replacing her at the top will be two seasoned LTC executives. Current co-Presidents Clint Malin and Pam Kessler will be co-CEOs of the REIT. They already have a close working relationship so the transition should be smooth. Pam joined LTC in 2000 and became CFO in 2007. Clint joined the company in 2004 as Chief Investment Officer. Cece Chikhale has been promoted to CFO after serving as Controller and Treasurer since 2007, and Chief Accounting Officer since 2020. She joined the company in 2002. This is a seasoned management team if we have ever seen one, and a... Read More »
In Memoriam: Jim Moore, 1934 – 2024
I was saddened to hear of the passing of my old friend Jim Moore, the founder of Moore Diversified Services. I had known Jim for nearly 40 years, and we always enjoyed catching up on the latest industry trends, and a little gossip thrown in as well, when we would see each other at the various industry conferences throughout the years. One of the first things he would say to me was, “How do you get away with saying the things you say?” but always with a little twinkle in his eye. I always thought he was a little jealous of that. Jim was an industry icon, spending nearly 50 years analyzing the industry, its operations, its financial feasibility and, of course, its people. He literally lived... Read More »
Lument Hires Chris Cain
Chris Cain has made the move from Berkadia to Lument, joining the firm as a managing director focused on origination efforts from seniors housing and healthcare clients throughout the United States. Based in Dallas, Texas, he will report to Aaron Becker, senior managing director and head of seniors housing and healthcare production at Lument. Since 2011, Cain has originated over $6 billion in construction, term, and permanent debt. Besides Berkadia, he previously held roles with Commerce Bank and BBVA. Keller Augusta arranged the placement. Read More »
LCB Establishes CEO Succession Plan
LCB Senior Living announced that CEO Michael A. Stoller will be stepping down effective October 1 and that current CIO Danielle Breton and COO Timothy DuRoss have been named as co-CEOs moving forward. Stoller will remain active in the company as chairman of its board. The move comes after LCB acquired five new management contracts over the past year, while completing construction and opening its newest community, The Residence at Bedford. LCB currently owns and/or operates 41 seniors housing communities across Massachusetts, Connecticut, Vermont, New Hampshire, Rhode Island, New Jersey and Pennsylvania. Read More »
New Tenant Secured for Mass SNF
A state-of-the-art rehabilitation and skilled nursing facility in Danvers, Massachusetts (Boston MSA) secured a new operator and lease arrangement. The developer/landlord and existing tenant engaged Blueprint’s Michael Segal, Ben Firestone, Daniel Waldhorn and Steve Thomes to run a strategic marketing process, which yielded three lease proposals. A growing East Coast-based operator that had recently expanded into Massachusetts with its first acquisition earlier this year was eventually chosen as the new operator/tenant. Located across the street from Beverly Hospital at Danvers and within close proximity to several other referral sources in a densely populated suburb, the facility was... Read More »Schedule a demo
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