NYSE:LTCHealth Care REITs
How Investors May Respond To LTC Properties (LTC) Expanding Its Higher-Yield SHOP Senior Housing Portfolio
LTC Properties recently acquired two senior housing operating portfolio (SHOP) communities in Colorado and New Mexico for US$73,000,000 at an approximately 7% cap rate, funded with at-the-market equity sales and to be operated by existing partner MorningStar Senior Living.
This deal further scales LTC’s SHOP platform to 36 properties, now 34% of its gross real estate investments, underscoring its emphasis on modern, operator-aligned senior housing assets.
We’ll now examine how the expansion...