LTC Properties, Inc. (NYSE: LTC) (“LTC” or the “Company”), a real estate investment trust specializing in seniors housing and health care properties, announces the acquisition of two SHOP communities located in Colorado and New Mexico for a combined purchase price of $73 million. The acquisition was completed at a cap rate of approximately 7% with an expected unlevered IRR in the low- to mid-teens, and was funded with proceeds from ATM sales. MorningStar Senior Living, an existing LTC SHOP operator, will continue managing the communities.
Read the full article: LTC Grows SHOP Portfolio to 36 Properties with $73M Acquisition //
Source: https://www.businesswire.com/news/home/20260707968035/en/LTC-Grows-SHOP-Portfolio-to-36-Properties-with-%2473-Million-Acquisition