– USA, CA – LTC Properties Inc. (NYSE: LTC), a real estate investment trust that invests in seniors housing and health care properties, today announced the election of David Gruber to its Board as an Independent Director effective July 25, 2023, bringing the Board to seven members, of whom six are independent.
“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 Chairman and CEO, Wendy Simpson.
About David Gruber
David Gruber 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 more than $500 billion in equity capital.
David 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 Properties
LTC Properties is a real estate investment trust investing in seniors housing and healthcare 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.
Source: https://www.ltcreit.com/
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