Michael A. Stoller, Managing Partner and CEO
Michael Stoller brings a wealth of experience to LCB Senior Living, and is a key driver of its business vision and plan. Mr. Stoller was previously a founder of Newton Senior Living, LLC (NSL), which was one of Massachusetts’s first assisted living providers. NSL grew from a start-up company to a $110 million business before being sold a division of Lazard Freres in 2005.
Prior to forming NSL, Mr. Stoller oversaw operations and established new corporate investment and borrowing relationships for MB Management, a residential developer. Mr. Stoller increased the multifamily residential management portfolio size from 3,000 to 8,000 residential units. Mr. Stoller also expanded the fee service business from less than 100 units to nearly 2,500 units. Prior to joining MB Management, Mr. Stoller was an audit manager at Coopers & Lybrand specializing in real estate, healthcare and insurance.
In creating the new business of LCB, Mr. Stoller once again brings his senior housing operating excellence to Massachusetts’ senior citizens and their families. Mr. Stoller leads the Company’s strategic and financial operations as well as its overall vision and cultural base. Mr. Stoller’s success in combining attractive real estate locations and building design with superior customer service make him uniquely qualified to drive LCB to a level of success previously achieved at NSL.
Mr. Stoller is a former board member of the Massachusetts Assisted Living Facilities Association (Mass-ALFA).
Stephen D. Puliafico, Managing Partner and President
Stephen Puliafico oversees day-to-day operations, and the company’s operations and customer service approach. His deep experience has yielded a cohesive management group focused on a team approach, while maintaining a strict bottom line focus and a directed marketing effort, the same qualities that produced great success in the past.
Mr. Puliafico was also one of the founders of Newton Senior Living, LLC (NSL), serving as the company’s Executive Vice President and Chief Operating Officer. In that position, Mr. Puliafico served the dual role of directing the operation of the Company’s property portfolio, its operating staff and its 1,600 associates, while providing leadership to its facility development and site selection process. Mr. Puliafico is a former board member of the Rhode Island Assisted Living Association (RIALA).
Mr. Puliafico brings a unique perspective to marketing and operations through his experience in both senior housing and (prior to that) the retail industry—along with his specific knowledge of the New England marketplace and consumer behavior.
Prior to joining NSL, Mr. Puliafico was a regional sales manager for Staples Inc., a General Manager for Lechmere, Inc., and he held a number of management positions with Jordan Marsh Company. During his 18 years of retail experience, Mr. Puliafico held numerous managerial positions including responsibility for multiple units throughout New England. In these roles, Mr. Puliafico was responsible for the development and management of annual budgets and monthly forecasts, bottom line profit and loss, general personnel management, customer relations and overall problem solving.
Lewis Pearlson, Managing Partner and Vice President of Investor Relations
Lewis Pearlson has over 14 years of experience working with Institutional Investors at some of the world’s premier investment managers, providing detailed investment analysis across the asset class spectrum including alternative investments. Most recently Mr. Pearlson was a Vice President and Senior Relationship Manager at State Street Global Advisors working with some of the country’s most sophisticated Endowments and Foundations located across the United States. Mr. Pearlson also served as Director of Investor Relations for Sowood Capital Management LP where he worked with the firm’s hedge fund and private equity investors. He has also worked at Wellington Management Company, LLP and Fidelity Management & Research Company.
Mr. Pearlson will initially be focused on the development and communication with LCB’s investors, bringing an Institutional Investment approach to the sales, marketing, distribution and client service of LCB’s various development projects. His investment knowledge, experience with both public and private investments, and focus on delivering superior client service will set LCB apart from its competitors.
Mr. Pearlson holds a B.A. in Economics from Tufts University and a graduate degree from the Yale School of Management. He is also a holder of the CFA designation, a member of both the CFA Institute and the Boston Security Analysts Society, and holds the FINRA Series 7 and 63 registrations. He is also involved with Combined Jewish Philanthropies and a member of the Development Committee of the Rashi School.
Lori LePage, Vice President of Human Resources
Lori LePage has rejoined the founders of Newton Senior Living, LLC and assumes the position of Vice President of Human Resources. In this role Lori will be responsible for all HR functions including associate relations, recruitment, compensation and benefits, payroll, training and associate development. Lori will serve as a member of the company’s corporate management team.
Prior to joining LCB Senior Living, Lori spent seven years with Atria Senior Living, Inc. During that time, she advanced from Vice President of Human Resources for the East Division to Senior Vice President- Human Resources Field Operations.
Ms. LePage was previously with Newton Senior Living, L.L.C., a senior housing provider located in New England, responsible for benefits and compensation, associate relations, recruitment, human resource information, payroll, training and development, and a member of the company’s corporate management team. Ms. LePage was also responsible for all aspects of strategic human resource planning, acquisitions and field human resource management.
Prior to 2000, Ms. LePage was employed by AAI Foster Grant as their Director of Human Resources, and was responsible for all human resources functions but focused on acquisition and transition work during a critical period for the company.
Ms. LePage is a graduate of Rhode Island College with a BS in human resource management.
Linda Fusaro, Director of Human Resources
Linda Fusaro oversees LCB’s day-to-day human resources operation, both at the community level and at the corporate office. Her expertise includes providing support in recruitment, associate relations, compensation, benefits, training, and associate development. In addition, Linda is part of LCB’s new community acquisition team, playing a major role in helping new associates transition to life at LCB Senior Living.
Prior to joining LCB, Linda spent eight years with Atria Senior Living, Inc. During that time, she advanced from Community Business Director to Regional Business Director, and most-recently served six years as the company’s Human Resources Manager for New England. In that capacity, Linda oversaw 23 communities in five states, and was recognized for her outstanding talent in associate relations.
Linda’s experience in both business office and human resources management gives her extensive range as she promotes a culture of high performance and associate empowerment. These attributes make her an invaluable contributor to LCB’s continued growth and expansion.
Finance & Accounting
Timothy DuRoss, Chief Financial Officer
Timothy DuRoss’ responsibilities include overseeing LCB’s strategic and operational financial planning, budgeting process, tracking and reporting of financial results, accounting practices, internal controls, information technology and relationships with financial institutions, partners, and lenders.
Mr. DuRoss has been involved in the senior housing industry for over thirteen years and brings more than 18 years of financial experience to LCB. Prior to joining LCB, Mr. DuRoss was the Senior Director of Portfolio Accounting at Benchmark Senior Living, a for-profit owner and operator of senior housing communities with revenues in excess of $350M. Mr. DuRoss oversaw the accounting practices, internal control procedures, treasury, and financial reportingof 49 communities. He was also responsible for the strategic planning and budgeting for the management company. Prior to joining Benchmark Senior Living Mr. DuRoss was employed by Ziner, Kennedy and Lehan LLP where he oversaw audit engagements concentrating in real estate with tax credit implications, nonprofits and defined benefit plans.
Wilma Brooks, Treasurer
Wilma Brooks has nearly 20 years’ experience in senior housing finance, and was a key contributor at the management team’s previous company, Newton Senior Living, LLC. She oversees a variety of disciplines at LCB, and is deeply involved in deal structuring, financing process and closings. She has also been actively involved in the Company’s development financing and business strategy formulation since its inception. Ms. Brooks has a keen business sense, which is applied directly to the Company’s business plan execution, as well as the treasury functions, management, leasing, and strategic planning.
Ms. Brooks has been responsible for property development including negotiation, financing and project review as well as operational and financial management direction and oversight. She has structured, negotiated and closed acquisition, construction, permanent and equity financing aggregating in excess of $400,000,000 at institutional rates.
Danielle Breton, Director of Investments
Danielle Breton is responsible, along with Mr. Stoller, for the growth of the Company’s senior housing portfolio. Additionally, Ms. Breton is directly responsible for evaluating potential property acquisitions and developments, from initial offer and valuation through due diligence, debt and equity structuring, and closing.
Ms. Breton integrates all company departments in the process, and interfaces with the executive team in the ongoing Investor relationship process, post-closing. Ms. Breton has been involved in the senior housing industry for thirteen years. Prior to joining LCB, Ms. Breton was the Director of Underwriting at Benchmark Senior Living, where she oversaw the underwriting and real estate investment analysis related to acquisitions, developments, value-add renovation projects, portfolio and refinancings. During her tenure, Ms. Breton was involved in closing over $2B in 26 recapitalizations and acquisitions, which doubled the size of the company. Ms. Breton previously worked at Epoch Senior Living.
Leo Jacques, Controller
Mr. Jacques serves as the Controller for LCB. In this role, he is responsible for directing operational budgets, cost controls, accounting practices and financial analysis and reporting. In addition, Mr. Jacques is responsible for cash management, directing financial audits, and providing recommendations for procedural improvements. Mr. Jacques also supports facility management and business office personnel.
Robert Schiller, Director of Market Research
Rob Schiller is responsible for all market research related functions, including real estate/site selection analysis and market feasibility. He has a lead role in identifying and evaluating markets and sites for new developments and potential acquisition opportunities.
Mr. Schiller has been involved in the senior housing industry for nearly 18 years. Prior to joining LCB, he was the Senior Director of Market Planning for Benchmark Senior Living for 16 years. He began with Benchmark shortly after its inception in 1997, and helped craft its growth and development initiatives, performing a significant role in growing the company from a start-up to the largest assisted living provider in New England with 46 properties. Prior to Benchmark, he was at National Healthcare Affiliates, a small regional senior housing owner/operator. He began his career at BJ’s Wholesale Club and spent eight years as a market and site analyst near their inception and through its initial growth phase.
Mr. Schiller is a member and an active contributor to the National Investment Center for the Seniors Housing & Care Industry.
Robert G. Noonan, Vice President of New Business Development
Bob Noonan brings a wealth of Senior Housing Investment experience, and has been involved in the industry since 1987. Most recently, he was one of the founding principles of Benchmark Senior Living (as Chief Investment Officer), growing the organization from a white paper to a portfolio of 45 + properties. The portfolio, which was fueled by a series of capital relationships (debt and equity), grew to a New England platform of approximately 3,000 units with gross revenues in excess of $200M.
Mr. Noonan left Benchmark late in 2005 to join Nationwide Health Properties (a New York Exchange traded company) as Senior Investment Officer/Vice President. As SIO, Mr. Noonan was responsible for originating in excess of $600M of new investments and overseeing a portfolio of in excess of $1 billion of senior housing and long term investments.
Development & Property Management
Edward SanClemente, Vice President of Property Development
Mr. SanClemente was a valuable contributor to the success of Newton Senior Living, LLC reporting to Mr. Stoller as the Director of Development. While at NSL, Mr. SanClemente was directly responsible for the development, permitting and construction of a number of assisted living projects and worked to develop the Company’s prototype assisted living residence. As the company changed from developing their own properties to acquiring properties Mr. SanClemente became responsible for the assessment of these properties, the creation of the rehabilitation plans, and oversight of the redevelopment of these residences.
Mr. SanClemente is primarily responsible for all phases of the development process, facility design and construction management with LCB Senior Living, LLC. In addition to monitoring the construction of LCB developments, Mr. SanClemente oversees architects and consultants during the planning and design stages of a project.
As a registered architect Mr. SanClemente has a thorough knowledge of building codes, accessibility guidelines and accepted industry practices. Mr. SanClemente received a Bachelor of Architecture from Wentworth Institute of Technology. Prior to joining Newton Senior Living, Mr. SanClemente was employed at Fresenius Medical Care as an Architect. Prior to Fresenius, he was at The Architectural Team, Inc. as a Project Architect.
Italo Visco, Director of Development
Italo Visco is an accomplished real estate executive with more than 27 years of experience in property development, project management, construction oversight, consulting, and design practice. He has managed the delivery of roughly 1.5M SF of space at an aggregate investment of $230M. The building types he has worked on have included Senior Housing, Retail, Office, Multi-family Residential, Institutional, and Mixed-Use properties. While working for a number of leading regional organizations, such as MassDevelopment and Samuels & Associates, Mr. Visco has been responsible for project feasibility and scope definition, resource allocation, schedules, fiscal controls, contracts, permitting, code compliance, and project administration.
The primary body of Mr. Visco’s development experience has been with Newton Senior Living where he oversaw all aspects of the firm’s development activities: creating nine custom-designed facilities as well as supporting the acquisition and repositioning strategy of twelve additional properties. Returning to the senior living industry with LCB, Mr. Visco applies his established expertise in directing the development of new housing as well as in acquiring and improving existing assets.
Mr. Visco holds Bachelors and Masters degrees in Architecture respectively from MIT and Harvard, and an MBA from Babson. He is also a Registered Architect, a Member of the AIA and the BSA, as well as the Chairman of the Auburndale Historic District Commission in Newton.
Barbara J. Hamilton, Vice President of Operations
Barbara Hamilton is Vice President of Operations, overseeing several residences in the LCB portfolio. She is responsible for all aspects of community operations, ensuring that each residence maintains the highest level of resident service and excellence.
Barbara brings nearly 30 years of professional experience in the health care industry, most recently as Director of Day and Residential Programs at the Commonwealth of Massachusetts’ Executive Office of Elder Affairs, where she oversaw seven community programs. She also spent five years at Atria Senior Living as Senior Vice President of New England Operations.
Previously, Barbara was instrumental in the success of Newton Senior Living, where she was Regional Director of Operations for eight years. She was responsible for bringing the NSL mission statement and commitment and values to each of the 27 communities within her portfolio.
Barbara’s past experience includes quality assurance, program development and clinical programming for seniors. With a strong background in elder advocacy and senior housing options, Barbara excels in the creation of high quality senior living environments. She is also a Registered Nurse, a Certified Rehabilitation Registered Nurse, a Certified Case Manager and a Licensed Social Work Associate.
Susan C. Cwieka, Regional Director of Operations
Susan C. Cwieka has more than 27 years of professional experience in caring for seniors. Her career has included practical and managerial experience in nearly every aspect of the industry, and has given her comprehensive expertise in the management of senior housing residences, delivery of care, sales & marketing, human resources, and the legislative issues that impact the business.
Ms. Cwieka began her career as a Nursing Administrator for the former Hillhaven, Inc. After spending seven years there, she was hired by the former Essex Enterprises to open several new assisted living communities, including Forge Hill in Franklin, MA, Notre Dame du Lac in Worcester, MA, Village at Fillmore Pond of Bennington VT, and Robbins Brook in Acton, MA. After stabilizing each property, she continued to oversee operations as a regional director.
In 2002, Ms. Cwieka joined Benchmark Senior Living, where among other things she specialized in turning around challenged properties. During her 11 years at Benchmark, she also drove new business and expansion, managing multi sites including the flagship property, The Falls at Cordingly Dam.
Ms. Cwieka holds a BA in Nursing Home Administration from Simmons College, as well as an MPA with a Health Care concentration from Suffolk University. During her career, she was a Certified Nursing Home Ombudsman, a Licensed Nursing Home Administrator in MA and RI, and a previous board member of Mass ALFA and Mass Extended Care Federation.
John DiPietro, Director of Culinary Services
John DiPietro oversees all culinary services for LCB’s communities. His career has spanned all aspects of culinary services, from P&L development and oversight, to strategic menu planning and nutritional values, to vendor management.
John was previously a regional vice president for FitzVogt, one of the world’s most successful culinary services companies. His responsibilities included more than 100 client locations, and he oversaw the transition of 76 client partners to FitzVogt, during his fifteen-year history with the company.
John began his food service career at fifteen years old, as a dishwasher in a privately owned local restaurant in Vernon, CT. Working for a very demanding owner, John learned the ropes in the back-of-the house side of the food service business. While attending college, John worked his way through the ranks before joining a large catering business in New Hampshire. John was eventually asked to manage the catering business, and under his leadership, grew the company to $1.4 million in revenues annually. From there he joined FitzVogt.
Sales & Marketing
Richard A. Gordon, Vice President of Sales & Marketing
Richard Gordon leads and directs the overall sales functions to promote the LCB Senior Living brand and to support communities in reaching occupancy and revenue objectives.
Mr. Gordon has over seventeen years of sales, operations and customer service experience of which more than ten have been in senior housing. He most recently worked as a Regional Sales Manager for Brightview Senior Living supporting and overseeing communities in New Jersey and New England. Prior to that he worked for Atria Senior Living for six years where he held the positions of Regional Sales Manager and Vice-President of Operations. His blend of sales and operations background gives him a unique perspective in working with and coaching teams to achieve results.
Mr. Gordon is a former board member of the Rhode Island Assisted Living Association (RIALA) and has served on the Massachusetts Assisted Living Facilities Association (Mass-ALFA) training committee.
Ted Doyle, Director of Corporate Marketing & Public Affairs
Ted Doyle has worked with the LCB team for nearly 20 years, and possesses 25 years’ business & marketing experience. At LCB, Mr. Doyle is responsible for corporate marketing and public affairs, overseeing brand-building, strategy and execution. He also directs all public affairs activities related to the firm and its projects. Mr. Doyle’s years of experience in the real estate industry, especially his time consulting for Newton Senior Living, and as a staff member for former Massachusetts Lieutenant Governor Thomas P. O’Neill, III’s marketing and public affairs agency, provide him with the solid foundation required for ensuring success in building the LCB brand.