LTC Properties Acquires Two Senior Housing Operating Portfolio Communities In Colorado And New Mexico For $73M
LTC Properties, Inc.
LTC Properties, Inc. LTC | 0.00 |
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.