LTC Promotes Pam Kessler and Clint Malin to Co-Presidents
May 26 2020 - 4:30PM
Business Wire
-- Newly Created Positions Recognize
Significant Contributions to LTC --
LTC Properties Inc. (NYSE: LTC), a real estate investment trust
that invests in seniors housing and health care properties, today
announced the promotions of Pam Kessler and Clint Malin to the
newly created positions of Co‑Presidents, effective
immediately.
Kessler will retain her role as LTC’s Chief Financial Officer,
and Malin will continue as the Company’s Chief Investment Officer.
Wendy Simpson will remain LTC’s Chairman and Chief Executive
Officer.
“The promotions of Pam and Clint reflect the many years of
significant contributions they have made to LTC, both individually
and as a cohesive team, along with their shared strategic vision
and experiences that will help guide LTC’s future,” said Wendy
Simpson, LTC’s Chairman and CEO.
“Their complementary skillsets will maintain the Company’s
legacy, while preparing for LTC to seamlessly transition into the
next phase of our growth and evolution as a long-term investor in
seniors housing and care,” Simpson added.
Kessler joined LTC in 2000, and has been the Company’s Executive
Vice President, Chief Financial Officer and Secretary since 2010.
Prior to joining LTC, she was Corporate Controller for a privately
held commercial and multifamily real estate developer, Director of
Financial Reporting for Irvine Apartment Communities, and Assistant
Controller of the Inland Empire division of KB Home. Kessler began
her career as a certified public accountant at Ernst &
Young.
Malin joined LTC in 2004 and has been the Company’s Executive
Vice President and Chief Investment Officer since 2012. Prior to
joining LTC, he was Vice President of Corporate Real Estate for Sun
Healthcare Group, Inc. (now Genesis HealthCare), where he was
responsible for acquisitions and portfolio management. Malin began
his career in public accounting at KPMG and Arthur Andersen.
About LTC Properties
LTC is a real estate investment trust (REIT) investing in
seniors housing and health care properties primarily through
sale-leasebacks, mortgage financing, joint-ventures and structured
finance solutions including preferred equity and mezzanine lending.
LTC holds 180 investments in 27 states with 29 operating partners.
The portfolio is comprised of investments of approximately 50%
seniors housing and 50% skilled nursing properties. Learn more at
www.LTCreit.com. To read LTC’s latest statement on COVID-19, please
click here.
This press release includes statements that are not purely
historical and are “forward looking statements” within the meaning
of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended,
including statements regarding the Company’s expectations, beliefs,
intentions or strategies regarding the future. All statements other
than historical facts contained in this press release are forward
looking statements. These forward-looking statements involve a
number of risks and uncertainties. All forward looking statements
included in this press release are based on information available
to the Company on the date hereof, and the Company assumes no
obligation to update such forward looking statements. Although the
Company’s management believes that the assumptions and expectations
reflected in such forward looking statements are reasonable, no
assurance can be given that such expectations will prove to have
been correct. The actual results achieved by the Company may differ
materially from any forward-looking statements due to the risks and
uncertainties of such statements.
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version on businesswire.com: https://www.businesswire.com/news/home/20200526005653/en/
Wendy Simpson Pam Kessler (805) 981-8655
LTC Properties (NYSE:LTC)
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