LTC Properties Announces ~$160M Of Acquisitions And Strategic Divestitures Of Two Non-SHOP Portfolios

LTC Properties announced the acquisition of three senior housing communities for nearly $160 million, including a $69 million community in Florida and two communities in Virginia and Maryland for $89 million. The company also divested two non-SHOP portfolios, generating over $260 million in gross proceeds and an expected gain of approximately $225 million. LTC's SHOP platform has expanded significantly, now comprising 46 communities and contributing over 40% of its annualized net operating income, while the triple-net skilled nursing portfolio has decreased to about 30%. Year-to-date, LTC has completed around $740 million in SHOP acquisitions, nearing its 2026 acquisition target.