LTC Properties adds Cornelia Cheng to its Board as Independent Director

– USA, CA –  LTC Properties Inc. (NYSE: LTC), a REIT investing in seniors housing and health care properties, today announced the election of Cornelia Cheng to its Board of Directors, effective April 1, 2021, bringing the board from five to six members, 50% of whom are women, and independent directors from four to five.

“We are very pleased to welcome Cornelia to LTC’s Board of Directors. Her significant experience and expertise will serve us well,” said Chairman and CEO, Wendy Simpson. “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.”

The Board will form a new committee to address diversity and ESG initiatives that will be chaired by Ms. Cheng.

About Cornelia Cheng

Cornelia Cheng 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. Before 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.

About LTC Properties

LTC is a real estate investment trust 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.

For more information: https://www.ltcreit.com/

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