LTC Properties buys Phoenix assisted living, memory care community for $54 million

LTC Properties, Inc.

LTC Properties, Inc.

LTC

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  • LTC Properties acquired a 104-unit assisted living and memory care community in Phoenix for USD 54 million in 2026.
  • The property will remain under MorningStar Senior Living management, adding a new operator to LTC’s SHOP platform.
  • The deal implies a 6.75% cap rate; expected unlevered IRR in the low-to-mid teens.
  • Funding will come from the revolving credit facility, supported by planned proceeds from asset sales and loan payoffs.
  • Pro forma as of March 31, 2026, SHOP represented 28% of annualized NOI; LTC targeted 40% by year-end.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. LTC Properties Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260602943691) on June 02, 2026, and is solely responsible for the information contained therein.

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