Press Release brought to you by LCOR

Chris Carr Joins LCOR as Vice President, Finance and Accounting


Contact: Stephanie Palumbo, Quinn & Co., 212.868.1900, ext. 242;

Maggie Hawryluk, Quinn & Co., 212.868.1900, ext. 266;


Chris Carr Joins LCOR as Vice President, Finance and Accounting


Carr oversees all aspects of LCOR’s accounting and financial oversight


Berwyn, Pa. (January 28, 2013) – LCOR, a fully-integrated real estate company specializing in property investment, management and development,announced that Chris Carr has joined the team as Vice President of Finance and Accounting. In his new role, Mr. Carr is based out of LCOR’s headquarters in Berwyn, Pa. and is focusing on LCOR’s accounting and oversight for all other corporate service including treasury, tax, human resources and insurance.


“Chris is a highly motivated and accomplished financial professional with proven leadership skills, we know he is a natural fit for LCOR,” said Tom O’Brien, Chief Operating Officer of LCOR. “As LCOR considers ongoing business and growth following our recapitalization, Chris’ financial knowledge adds extra value to the LCOR team.”


Mr. Carr has 14 years experience in the finance and accounting industry executing mergers and acquisitions; strategic financial planning and analysis; public company offerings; and establishing, transforming and leading finance, treasury and accounting operations.


Prior to joining LCOR, Mr. Carr served as Chief Accounting Officer and Corporate Controller for Modspace, a private equity backed company that is among the largest global suppliers of permanent modular construction and temporary modular space. In this position, he was responsible for transforming and leading all aspects of accounting, tax and treasury for the company.


“I am excited about the unique opportunity to work for an organization with such a longstanding and respected reputation as LCOR,” said Chris Carr. “I look forward to working with the team and leading the finance and accounting functions during this period of tremendous growth.”


Prior to Mr. Carr’s role as Chief Accounting Office for Modspace, he served as Chief Accounting Officer for Alesco Financial Inc., a NYSE publicly traded REIT that merged into Cohen & Company in 2009. In this role he was responsible for assembling and effectively directing finance and accounting operations for the company from its inception as a private company. Mr. Carr’s public accounting career included over seven years with Arthur Andersen and KPMG in Philadelphia where he focused on many aspects of financial services, including real estate, leasing and banking.


Mr. Carr graduated from Rutgers University, with a Bachelor of Science in Accounting and is a Certified Public Accountant (CPA).


About LCOR:

LCOR is a fully integrated real estate company with a mission to create better places to live, learn, work, travel and play.  In 2012 LCOR recapitalized the company with the California State Teacher’s Retirement System and the resulting new platform, with a significant asset and capital base, is poised for strategic portfolio growth.  LCOR specializes in core urban development and acquisition / redevelopment opportunities where assets can be repositioned or rehabilitated to add value.  The company is a pioneer and leader in public/private development, including government spaces, aviation facilities and infrastructure. LCOR’s real estate operating and development business manages more than 7,400 multifamily units, 7.5 million square feet of commercial space and a substantial development pipeline of mixed use real estate in core markets.  Nationally, LCOR has developed more than 21,000 residential units and 18+ million square feet of commercial space.  LCOR is principally focused in the eastern United States, with offices in New York City and the Washington D.C. and Philadelphia metro areas.

01/28/2013 - 11:18



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