LTC Announces Cornelia Cheng as New Board Member
March 17 2021 - 4:30PM
Business Wire
-- Board to Establish New Committee to Address
Diversity and ESG Initiatives --
LTC Properties Inc. (NYSE: LTC), a real estate investment
trust that invests in seniors housing and health care properties,
today announced that Cornelia Cheng has been elected as a new
member of the Board of Directors of LTC effective April 1, 2021,
increasing the total number of directors from five to six, 50% of
whom are women, and independent directors from four to five.
Cheng, 53, brings over 20 years of corporate finance, M&A,
capital markets, recapitalization, REIT financings and talent
management experience to LTC’s Board. She is Managing Director,
Investments for Brightwood Capital Advisors, LLC, a private credit
fund that specializes in uni‑tranche facilities, first and second
lien term loans, and mezzanine investments. Prior to joining
Brightwood, Cheng was regional head of the greater Los Angeles
investment team for Prudential Capital Group and a Senior Associate
for CIBC World Markets.
“We are very pleased to welcome Cornelia to LTC’s Board of
Directors. Her significant experience and expertise will serve us
well,” said Wendy Simpson, LTC’s Chairman and Chief Executive
Officer. “LTC has known Cornelia since 2010 when she worked with
us, and underwrote our debt relationship with Prudential. As such,
she comes to our Board with a substantial understanding of our
business and industry. We look forward to the added perspective
Cornelia brings.”
Separately, LTC’s Board will form a new committee to address
diversity and ESG initiatives at the Company. The committee will be
chaired by Ms. Cheng.
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 181 investments in 27 states with 29 operating partners.
The portfolio is comprised of approximately 50% seniors housing and
50% skilled nursing properties. Learn more at www.LTCreit.com.
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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210317005666/en/
Wendy L. Simpson Pam Kessler (805) 981-8655
LTC Properties (NYSE:LTC)
Historical Stock Chart
From Jul 2024 to Aug 2024
LTC Properties (NYSE:LTC)
Historical Stock Chart
From Aug 2023 to Aug 2024