DES MOINES, Iowa — LCS, the nation’s second-largest senior living operator, has hired Joe Weisenburger as vice president and senior director of business development. His official start date is July 6.
Weisenburger, the former senior vice president of business development at healthcare REIT giant Welltower, will lead business development initiatives designed to grow revenue for all business lines in LCS.
“Joe is well-known and connected in the senior living industry,” says Rick Exline, executive vice president at LCS. “We believe he can leverage these relationships to sell the value and strength that LCS brings to clients.”
Weisenburger brings 23 years of industry experience, including structuring billions of dollars in seniors housing investments. While at Welltower, Weisenburger was part of the management team that helped grow the company from $1 billion to $30 billion in assets. He has a background in business development, identifying investment opportunities, structuring mutually beneficial opportunities, and guiding several transactions to create new business verticals.
Weisenburger currently serves on the ASHA Public Policy Committee and the Western Golf Association board. He is an Evans Scholarship recipient. He holds an MBA from The Ohio State University and a bachelor’s degree in business administration from Miami University.
“My first goal is to expand the management opportunities by helping organizations better understand how the company’s scale and diverse services can help them thrive and grow,” says Weisenburger.
Weisenburger succeeds Earl Wade, who, after 40 years of serving seniors, announced he will retire in January 2022. Wade held several positions while at LCS, most recently serving as vice president, senior director of business development. In this position, he supported the engagement of approximately 50 new third-party management and development relationships. Before joining LCS, Wade was the founder and CEO of CRSA.
LCS operated 134 communities totaling 40,001 units as of June 1, 2020, according to the American Seniors Housing Association.