Formed in 2010, LCB Senior Living is a vertically integrated senior housing investment and operating company founded by former executives of Newton Senior Living, a senior housing development company that was sold to Lazard Frères in 2005. LCB’s strategy is to develop, acquire, and operate institutional quality private-pay assisted living and memory care residences in the Northeast corridor with emphasis on New England, Metro New York / Northern New Jersey, and the greater Philadelphia and D.C. areas. LCB targets acquisition and development opportunities within undersupplied communities in both urban and suburban markets displaying attractive long-term demographics. The LCB Senior Living team has more than 20 years of experience in identifying, acquiring and entitling land as well as executing the full spectrum of development activities from product design through construction completion and lease up. With that experience as assisted living managers, the team has developed an operations philosophy focused on community relationships and resident-centered care.
An entity-level investment was made in 2013 to provide support for organizational growth and GP equity to capitalize the company’s development projects and acquisitions. See Case Studies for additional information.
The investments and/or case studies referred to above are for illustration purposes only. The investments and partnerships included herein may not be similar to those of any contemplated future fund, vehicle or partnership and it should not be assumed that any similar or future investments will achieve comparable results.