LTC Properties buys three seniors housing communities for nearly $160 million
Bitget2026/10/01 13:15- LTC Properties disclosed nearly USD 160 million of acquisitions, adding three seniors housing operating portfolio communities to its SHOP platform.
- One Florida community bought for USD 69 million; two communities in Virginia and Maryland acquired for USD 89 million.
- Transactions add 270 units; expected average year-one cap rate about 6.5%; anticipated unlevered IRR in the low- to mid-teens.
- Funding tied to divestiture of two non-SHOP portfolios for over USD 260 million gross proceeds; expected gain on sale about USD 225 million.
- Company expects payoff of a USD 180 million mortgage loan secured by 14 skilled nursing centers in early to mid-November 2026.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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