LCOR Comprehensive Profile
Overview
LCOR is a prominent real estate development and management company with a strong focus on transit-oriented multifamily communities primarily in the Eastern United States. With more than 40 years of industry presence, LCOR has undertaken over 300 large-scale mixed-use projects. The company's portfolio includes significant projects such as Park 151 in Cambridge, MA, Sage in National Landing, VA, and The Ryland in Philadelphia, PA. LCOR efficiently manages over 9,000 multifamily units and 2.4 million square feet of commercial space, emphasizing its vast reach and operational capacity.
Leadership Team
LCOR's strategic operations are guided by an experienced executive team:
- Anthony Barsanti, Chief Executive Officer, leads with a strong background as former Managing Director at LAMCO LLC.
- David A. Sigman, Executive Vice President and Principal, is pivotal in executing complex urban projects and fostering public/private partnerships.
- Harmar Thompson, Executive Vice President and Principal, brings strategic insight, focusing on enhancing LCOR’s portfolio and pursuing new acquisitions.
- Emily Copeland, Senior Vice President, ensures the effectiveness of property and business plan strategies, contributing to LCOR’s growth.
The leadership team is key in sustaining the quality and diversification of LCOR's portfolio while identifying new urban redevelopment opportunities.
Core Business Operations
LCOR specializes in ground-up urban development and adaptive reuse of existing assets, primarily focusing on mid- to high-rise multifamily, commercial, and mixed-use properties. The company operates out of its Berwyn, Pennsylvania headquarters, with active offices in New York City, Washington D.C., and Philadelphia.
Key operational statistics include:
- Management of over 7,400 multifamily units.
- Over 7.5 million square feet of commercial space.
- A strong mixed-use development pipeline.
LCOR endeavors to guide real estate properties through integration and expertise-driven third-party residential property services.
Strategic Partnerships and Financing
LCOR aligns with robust partners, notably CalSTRS, Madison International, PGIM, Ares Management, alongside financial institutions like USAA, Wells Fargo, and Santander. They maintain a risk-averse capital approach to ensure long-term stability.
Financial Overview
- Estimated Annual Revenue: $43.5 million
- Number of Employees: 270
- Revenue per Employee: $161,250
- Employee Growth: Annual increase of 2%
Market Focus and Presence
Operating mainly in the Northeast and Mid-Atlantic regions, LCOR excels in urban redevelopment. Their strategy involves maximizing investment returns while enhancing property management standards across its developments.
Competitor Landscape
LCOR’s main competition involves:
1. Genesis Companies: A significant player in comparable real estate sectors.
2. The Related Companies: Known for a diverse portfolio and strong urban development presence.
3. Lennar Corporation: Prominent in residential development.
4. City Developments: Rivals in urban-focused property investments.
5. BG Capital, KWPhilly, and RE/MAX Preferred REALTORS: Operate within similar geographic and industry spaces.
Strategic Growth
LCOR continues to explore redevelopment of existing assets, particularly underperforming ones, by leveraging its substantial expertise in real estate investment and management.
In conclusion, LCOR stands as a prominent entity within the real estate sector, with strategic urban market positioning supported by solid capital alliances and expert leadership facilitating its competitive edge.
