Real estate investment trust LTC Properties has announced the promotions of Pam Kessler and Clint Malin to the newly created positions of co-presidents, effective immediately.

Kessler will retain her role as LTC’s chief financial officer, and Malin will continue as the company’s chief investment officer. Wendy Simpson will remain as LTC’s chairman and CEO.

Kessler joined LTC in 2000 and has been the company’s executive vice president, CFO and secretary since 2010. Before joining LTC, she was corporate controller for a privately held commercial and multifamily real estate developer, director of financial reporting for Irvine Apartment Communities, and assistant controller of the Inland Empire division of KB Home. She began her career as a certified public accountant at Ernst & Young.

Malin joined LTC in 2004 and has been the company’s executive vice president and chief investment officer since 2012. Before joining LTC, he was vice president of corporate real estate for Sun Healthcare Group (now Genesis Healthcare), where he was responsible for acquisitions and portfolio management. Malin began his career in public accounting at KPMG and Arthur Andersen.