$43.340
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LTC のニュース
LTC のイベント
LTC Properties Acquires Two Senior Communities for $95M
LTC Properties announced the acquisition of two communities in its seniors housing operating portfolio, SHOP, for $95M, building on the Company's recent progress and reinforcing its SHOP-focused external growth strategy. LTC's year-to-date SHOP acquisitions now total over $830M, representing more than 90% of its mid-point acquisition guidance of $900M. LTC is on track to reach the mid-point of its acquisition guidance by year-end, at which point SHOP is expected to represent nearly 50% of the Company's annualized net operating income.
LTC Properties Acquires Nearly $160M in Assets, Strategically Divests Non-SHOP Portfolios
LTC Properties announced nearly $160M of acquisitions and the strategic divestitures of two non-SHOP portfolios, further expanding its SHOP platform and advancing the Company's ongoing portfolio transformation. Highlights: - Acquisitions: Added three SHOP communities through two acquisitions totaling nearly $160M: One community in Florida for $69M to be operated by Charter Senior Living. Two communities in Virginia and Maryland for $89M, operated by IntegraCare, an operator new to LTC. Collectively, the acquisitions add 270 independent living, assisted living, and memory care units with an average age of 6 years and located in primary markets as designated by NIC. The investments are expected to generate an average year-one cap rate of approximately 6.5% and an anticipated unlevered IRR in the low- to mid-teens. Funding: Proceeds from the sale of two non-SHOP portfolios as part of LTC's ongoing effort to further align its portfolio with its SHOP strategy. The divested assets included three triple-net skilled nursing centers, and 17 triple-net seniors housing communities. The sales generated over $260M in gross proceeds, and an expected gain on sale of approximately $225M. Total annualized rental income from these two portfolios was $12M. Additionally, LTC now expects to receive the previously disclosed payoff of a $180M mortgage loan secured by 14 skilled nursing centers in early to mid-November. Portfolio Transformation and Ongoing Momentum: LTC has rapidly scaled its SHOP platform since its launch in May 2025. The SHOP platform has grown from 13 to 46 communities, which now contributes over 40% of the Company's annualized net operating income, while its triple-net skilled nursing portfolio has been reduced to approximately 30% of its annualized net operating income. The SHOP portfolio has an average age of 9 years and is managed by 13 operators, including 11 new relationships established through the platform's expansion. Year-to-date, LTC has completed approximately $740M of SHOP acquisitions, representing over 80% of its 2026 mid-point acquisition target, and received gross proceeds of $550M from sales and a loan payoff which represented $33M in total annualized income and an anticipated combined gain on sale of over $330M.
LTC Properties Expands Board to Eight Members
LTC Properties announced that Pam Kessler and Clint Malin, Co-Presidents and Co-CEOs, have been elected to its Board of Directors, increasing the total number of directors from six to eight, five of whom are independent.
LTC Properties Acquires Four Communities for $200M
LTC Properties announced a new $200M SHOP acquisition. Acquisition Highlights: Investment: $200M acquisition of four SHOP communities in Minnesota. The communities total 453 independent living, assisted living and memory care units with an average age of nine years. The anticipated year-one cap rate is approximately 7%, with an anticipated unlevered IRR in the low- to mid-teens. Operating Partner: Lifespark Senior Living, an existing LTC SHOP operator assumed operations. Funding: $167M of proceeds from the sale of a portfolio of 13 skilled nursing centers in Texas. The portfolio had annualized contractual cash income of $12.4M and a net book value of $101M. The remainder of the funding was from the Company's revolving line of credit, which is anticipated to be repaid by October 1 with proceeds from additional asset sales. Continued Momentum: Since launching SHOP in May 2025, LTC has grown its portfolio from 13 to 43 communities with an average age of 10 years, now representing 38% of the Company's annualized net operating income. The platform spans 12 operators, 10 of which are new LTC relationships since LTC's launching of SHOP.
LTC Properties Acquires Wisconsin Community for $40 Million
LTC Properties "announced the $40 million SHOP acquisition of a community in Wisconsin that includes 147 independent living, assisted living and memory care units. Health Dimensions Group, 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. During the 2026 second quarter, LTC sold 4.1 million shares of common stock for $154.7 million in net proceeds under its equity distribution agreement."
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