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LTC Properties Acquires Two Communities In Its Seniors Housing Operating Portfolio For $95M
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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 acquisition of two communities in its seniors housing operating portfolio ("SHOP") for $95 million, 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 $830 million, representing more than 90% of its mid-point acquisition guidance of $900 million. 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.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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