NYSE:LTCHealth Care REITs
LTC’s Atlanta Senior Housing Pivot Could Be A Game Changer For LTC Properties (LTC)
LTC Properties recently completed a US$108 million acquisition of three senior housing properties in Atlanta, adding nearly 400 private-pay units to its portfolio and funding the deal through its revolving credit line.
This move increases senior housing operating investments to 27% of LTC’s gross real estate portfolio, reflecting a clear pivot away from skilled nursing exposure.
We will now examine how LTC’s increased emphasis on private-pay senior housing could influence the company’s...