LTC Completes Brookdale Portfolio Transaction

LTC Properties Inc. (NYSE: LTC) (“LTC” or the “Company”), a real estate investment trust that invests in seniors housing and health care properties, announces the completion of its previously announced process involving its 35-property Brookdale Senior Living (“Brookdale”) portfolio. Among the modifications to the 35-property assisted living portfolio, eight communities across three states including Florida (four), South Carolina (three), and Oklahoma (one), with a total of 341 units, were sold for $28.0 million.

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