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LTC Grows SHOP Portfolio to 36 Properties with $73 Million Acquisition
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HealthTech HotSpotLTC Grows SHOP Portfolio to 36 Properties with $73 Million Acquisition
WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)---- $LTC #LTC--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 SHOP communities located in Colorado and New Mexico for a combined purchase price of $73 million.The acquisition was completed at a cap rate of approximately 7% with an expected unlevered IRR in the low-…
·Crystal River, United States
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