Capital Senior Living appoints former Lehman executive to its board

Capital Senior Living appoints new board member

DALLAS — Capital Senior Living Corp., which runs residential communities for seniors, said Wednesday it has named former Lehman executive Michael Reid to its board.

Reid previously was in charge of Lehman Brothers’ real estate investment trust equity underwriting practice. Earlier, he was chief operating officer of SL Green Realty Corp., a real estate investment trust. He is currently a partner at Herald Square Properties, an investment firm focused on midtown Manhattan.

Reid will replace John Stroud, who will retire Sept. 30.

Capital Senior Living is based in Dallas. It operates 66 living centers in 23 states.

Its shares rose 8 cents to $5.34 on Wednesday.