08/16/2013 | By Allen Kenney
Andre C. Dimitriadis, the commercial real estate industry veteran who founded health care REIT LTC Properties, Inc. (NYSE: LTC) more than 20 years ago, has died at the age of 72, the company announced.
After launching LTC Properties in 1992, Dimitriadis served as the company’s chairman and CEO until 2007. Dimitriadis transitioned in March 2007 to the position of executive chairman of the company’s board of directors.
Dimitriadis held the position of executive vice president and chief financial officer of Beverly Enterprises for the three years immediately prior to founding LTC Properties. Prior to that he served as executive vice president and chief financial officer of American Medical International from 1984 to 1989 and CFO of Western Airlines from 1982 to 1984.
“Andre’s vision of filling an unmet financing need in the long-term care industry over 20 years ago was realized in the birth of LTC,” said Wendy Simpson, the firm’s president, chairman and CEO, in a statement. “Andre was an incredible problem solver and had an amazing aptitude for analyzing complex financial structures. He worked tirelessly to meet the needs of LTC’s customers and create value for LTC’s shareholders.”
Dimitriadis held a bachelor’s degree in electrical engineering from Robert College, a master’s degree in computer science from Princeton University, and a master’s degree in finance and doctorate in economics from New York University Stern School of Business.