LTC Acquires $62 Million Seniors Housing Community for SHOP Portfolio
LTC Properties announced the acquisition of a seniors housing community for its seniors housing operating portfolio, surpassing the midpoint of its $900 million 2026 acquisition guidance.
Story updates
02:15:25 PM UTC
SquawkNews
LTC Properties acquired a seniors housing community for $62M, exceeding its $900M 2026 mid-point acquisition guidance and adding a new SHOP operator. Funding will come from its revolving credit line and ATM sales.Material DetailsContext by AI AnalystThis is an execution update within LTC's 2026 acq…
02:16:40 PM UTC
SquawkNews
LTC TOPS 2026 MID-POINT SHOP ACQUISITION GUIDANCE WITH $62 MILLION TRANSACTION; WELCOMES GRACE MANAG
02:16:59 PM UTC
SquawkNews
LTC bought a 117-unit assisted living and memory care community in Florida for $62 mln, lifting year
02:17:10 PM UTC
SquawkNews
LTC PROPERTIES - ACQUISITION EXPECTED TO DELIVER 6.5% YEAR-ONE CAP RATE
02:35:20 PM UTC
SquawkNews
LTC Properties, Inc. announced the $62 million acquisition of a 117-unit assisted living and memory care community located in Florida. This transaction adds a new operator to the company's Seniors Housing Operating Portfolio (SHOP). With this purchase, the company has surpassed its 2026 mid-point acquisition guidance of $900 million. The acquisition is part of the company's ongoing strategy to invest in seniors housing and health care properties.
LTC Properties, Inc. (NYSE:LTC) (“LTC” or the “Company”), a real estate investment trust specializing in seniors housing and health care properties, today announced the $62 million acquisition of a community in its seniors housing operating portfolio (“SHOP”), surpassing its $900 million 2026 mid-p…