LCS Adds Six Communities to Its Business Portfolio

LCS announced today that the company added six communities to its portfolio through a 15-year master Triple Net Lease with Newcastle Investment Corp. on June 30, 2014. The communities have a combined 1,265 beds.

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LCS

LCS

These communities are in strong markets and have solid reputations.

Des Moines, Iowa (PRWEB) July 02, 2014

LCS announced today that the company added six communities to its portfolio through a 15-year master Triple Net Lease with Newcastle Investment Corp. on June 30, 2014. The communities have a combined 1,265 beds.

“These communities are in strong markets and have solid reputations,” Joel Nelson, executive vice president and chief development officer of LCS says. “We feel they are a great addition to our portfolio and look forward to working with them.”

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 continuing care retirement communities (CCRCs), stand-alone assisted living, memory care, and rental communities nationwide. The company also provides in-home care, insurance, and national purchasing consulting services. The companies of LCS serve thousands of seniors across the nation. For more information visit LCSnet.com.


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