NYSE:LTCHealth Care REITs
LTC Properties Expands SHOP With $108 Million Atlanta Senior Housing Deal
LTC Properties (NYSE:LTC) agreed to acquire a stabilized senior housing portfolio in Atlanta for $108 million.
The deal expands the company’s senior housing operating portfolio, or SHOP, and deepens its relationship with existing operators.
The properties are reported to have stable occupancy, with the transaction aimed at supporting net operating income from operating senior housing assets.
LTC Properties, trading around $36.0 per share, is putting more capital directly into operating...