LCS in the News: May 2021

What’s the secret to an innovative, market-forward yet functional aesthetic in your senior living community? Exceptional licensed architects. … Read More about Designing For Success

PHOENIX, Arizona, January 4, 2022 —Senior Housing News (SHN) has named Sagewood as the first-place winner in the independent living category in its ninth annual SHN Architecture & Design Awards. The SHN award recognizes cutting-edge design, excellence, and innovation in senior living and celebrates unique projects and companies that are improving the lives of seniors through innovative design. … Read More about Sagewood Receives Top Senior Housing News Architecture and Design Award for Independent Living Communities

DES MOINES, Iowa. January 3, 2022 — LCS, the nation’s second-largest senior living operator, announced today it has completed its planned recapitalization with Redwood Capital Investments (Redwood), McCarthy Capital and LCS employee shareholders. The transaction welcomes Redwood as a new capital partner and renews the ownership interest and commitment from McCarthy Capital and LCS employee shareholders. Financial terms of the transaction were not disclosed. … Read More about LCS Completes Planned Recapitalization

Plantation Village, the first and only life plan community in Wilmington, North Carolina, has partnered with LCS Development to start construction on a phased expansion project to add more residences and amenities for its residents. LCS Development will oversee the development, design, and construction of the multi-million dollar expansion. Herbert J. Sims & Co. guided the financing of the project. Construction is set to be complete by May 2023. … Read More about LCS Development Begins Expansion at Plantation Village in North Carolina