LTC Properties, Inc. (NYSE: LTC) (“LTC” or the “Company”), a real estate investment trust specializing in seniors housing and health care properties, announces the $40 million SHOP acquisition of a community in Wisconsin that includes 147 independent living, assisted living and memory care units. Health Dimensions Group (“HDG”), a SHOP operator new to LTC, will continue to manage the property. The acquisition was completed at a cap rate of approximately 7.2%, with an anticipated unlevered IRR in the low- to mid-teens, and was funded with proceeds from ATM sales.
Read the full article: LTC SHOP Growth Continues with $40M SHOP Acquisition, Bringing Year-to-Date SHOP Investments to Nearly $285M //
Source: https://www.businesswire.com/news/home/20260722869055/en/LTC-SHOP-Growth-Continues-with-%2440-Million-SHOP-Acquisition-Bringing-Year-to-Date-SHOP-Investments-to-Nearly-%24285-Million