LTC Properties, Inc. (NYSE: LTC) (“LTC” or the “Company”), a real estate investment trust that invests in seniors housing and health care properties, today announced the sale of two skilled nursing centers in Florida totaling 240 licensed beds for an expected gain on sale of approximately $26 million. As previously disclosed, the Company expects to receive $120 million in proceeds from the sale of seven skilled nursing centers in the first part of the 2025 fourth quarter, 35% of which was completed with this announcement.
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Source: https://www.businesswire.com/news/home/20251007772536/en/LTC-Sells-Two-Skilled-Nursing-Centers