LCS Adds Six Communities to Its Business Portfolio - 47 ABC - Delmarva's Choice

LCS Adds Six Communities to Its Business Portfolio

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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.

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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