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LTC News
LTC Events
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."
LTC Properties Acquires Two SHOP Communities in Colorado and New Mexico for $73M
LTC Properties acquired two SHOP communities located in Colorado and New Mexico for a combined purchase price of $73M. The acquisition was completed at a cap rate of approximately 7% with an expected unlevered IRR in the low- to mid-teens, and was funded with proceeds from ATM sales. MorningStar Senior Living, an existing LTC SHOP operator, will continue managing the communities. Since launching SHOP in May 2025, LTC has grown the portfolio to 36 properties, which now represents 34% of the company's total gross real estate investments. The platform spans eleven operators, nine of which are new relationships for LTC.
LTC Properties Acquires $54M SHOP Asset
LTC Properties announced a $54M SHOP acquisition and the addition of MorningStar Senior Living, the eleventh SHOP operator and ninth new to LTC since launching SHOP in May 2025. Property: $54M acquisition of a 104-unit assisted living and memory care community in Phoenix, Arizona. Operator: The community will continue to be managed by MorningStar Senior Living, an operator new to LTC. Financial Summary: 6.75% cap rate; expected unlevered IRR in the low-to mid-teens. Funding: Revolving line of credit and future proceeds from previously disclosed sales and loan payoffs. Proforma SHOP Portfolio Composition: LTC's SHOP focus is on expanding its roster of strong operators to support mutual growth and accelerate the Company's organic growth profile by acquiring SHOP assets. The following proforma data is as of March 31, 2026 and includes $63M of acquisitions and $22M of total sales and payoffs completed to date in the second quarter of 2026. SHOP Acquisitions: $524M since the Company's SHOP launch in May 2025; $171M year-to-date in 2026. SHOP as % of Annualized Net Operating Income: 28%; expected to grow to 40% by year-end at the $600M midpoint of LTC's acquisition guidance. SHOP as % of Gross Investment: 32% up from 0% at May 2025; expected to grow to 45% by year-end at the $600M midpoint of LTC's acquisition guidance. Average Age of SHOP Properties: under 10 years. SHOP Operators: Eleven, nine new to LTC since SHOP launched in May 2025. Skilled Nursing as % of Gross Investment: 31% down from 46% at year-end 2024.
LTC Reports Q1 Revenue of $95.41M
Reports Q1 revenue $95.41M vs $49.03M last year. "What began last year through the combination of acquisitions and conversions of nearly $570 million of seniors housing communities, ramps up this year with an additional $600 million of SHOP acquisitions projected at the mid-point of guidance," said Pam Kessler, LTC's Co-CEO. "These SHOP acquisitions, combined with approximately $265 million of skilled nursing divestitures, will result in 40% of LTC's annualized NOI coming from SHOP by year-end."
LTC Properties Maintains FY26 Core FFO View at $2.75-$2.79
LTC Properties backs FY26 core FFO view $2.75-$2.79, consensus $2.80
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