LTC Names David Gruber to Board of Directors
July 26 2023 - 5:00PM
Business Wire
LTC Properties Inc. (NYSE: LTC), a real estate investment
trust that invests in seniors housing and health care properties,
today announced that David Gruber has been elected to its Board of
Directors effective July 25, 2023, increasing the total number of
directors from six to seven, six of whom are independent.
Gruber, 53, is a qualified financial expert with significant
corporate finance, governance and compliance expertise, having
served as Managing Director, Head of Equity Capital Markets for
KeyBanc Capital Markets for more than 20 years, where he chaired
and was a member of the bank’s Equity Commitment and Capital
Commitment Committees. Under his leadership, Gruber’s team helped
execute more than 1,100 equity transactions, raising in excess of
$500 billion in equity capital.
“We are thrilled to welcome David to our Board. He brings
significant experience in equity capital markets, REIT and other
industry financings and talent management, which should serve us
well as we continue to implement our growth strategy,” said Wendy
Simpson, LTC’s Chairman and Chief Executive Officer. “We began our
relationship with David nearly 20 years ago when he worked with us
as an investment banker, and have been impressed with his financial
acumen and knowledge of our industry since then. Additionally, his
ability to bring an astute investor and capital markets lens to
public companies, while developing and implementing business
strategy, will create added perspective for us.”
Gruber holds a B.S. in Finance from Kent State University, and
is currently a member of the advisory board for Cleveland Central
Catholic High School in Cleveland, Ohio. He also has served on
numerous nonprofit organization boards in recent years.
About LTC
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’s investment portfolio includes 212 properties in 29 states
with 30 operating partners. Based on its gross real estate
investments, LTC’s investment portfolio is comprised of
approximately 50% seniors housing and 50% skilled nursing
properties. Learn more at www.LTCreit.com.
Forward-Looking
Statements
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. Please see LTC’s most
recent Annual Report on Form 10-K, its subsequent Quarterly Reports
on Form 10-Q, and its other publicly available filings with the
Securities and Exchange Commission for a discussion of these and
other 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 LTC 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/20230726802229/en/
For more information contact: Mandi Hogan (805) 981-8655
LTC Properties (NYSE:LTC)
Historical Stock Chart
From Apr 2024 to May 2024
LTC Properties (NYSE:LTC)
Historical Stock Chart
From May 2023 to May 2024