DES MOINES, Iowa — David Laffey, executive vice president and senior managing director with Des Moines-based developer, owner and operator LCS, has passed away. He was 62 years old, and died of brain cancer that was just discovered in November, according to his hometown newspaper The Laconia Daily Sun in Laconia, New Hampshire. The paper reports he died in his home surrounded by family.
Laffey joined LCS in 2009 after spending 11 years with speciality investment bank Ziegler. In addition to serving on the board of managers and audit committee, he held positions on the company’s executive leadership committee, management committee and investment committee.
Laffey graduated from Villanova University in 1979. His wife, Sarah, is chief investment officer of LCS, and both are members of the American Seniors Housing Association (ASHA).
“David’s warmth, keen intellect and wonderful sense of humor will be forever missed by all who were fortunate enough to know him,” ASHA said in a statement.
LCS is one of the largest owners and operators in the seniors housing space. With 33,883 units, the company trailed only Brookdale in operational portfolio size as of the 2018 ASHA 50 rankings.