DES MOINES, Iowa — LCS, a Des Moines-based senior living operator, has promoted Dan Lahey to the role of executive vice president and chief investment officer.
In his new role, Lahey will join the executive leadership team and oversee the LCS real estate strategy including acquisitions, development capital and debt placement.
“Dan’s leadership has been instrumental to the growth of the LCS Real Estate team and accelerated our key capital relationships and ownership interests in both Life Plan and Rental Communities,” says Joel Nelson, LCS president and CEO. “Dan has not only helped to build the LCS brand, he also has devoted significant time and energy in building high performing teams to ensure we remain successful for years to come.”
Lahey joined LCS in 2008 as an accounting and tax manager and in 2011 made the transition to support the companies growing real estate strategy as a senior investment manager. In 2019, he was promoted to senior vice president and managing director of investments.
As a result of Lahey’s strategic direction, LCS owned communities have grown from a handful of community investments to 53 owned communities. Today, LCS Real Estate, An LCS Company, has more than $3 billion in assets under management and has capitalized investment transactions worth over $2.6 billion during the past five years.