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Highlights

  • LTC acquires two assisted living and memory care communities for 40M USD
  • Charter Senior Living joins as a new operating partner under SHOP platform
  • Company has closed 175M USD of its 460M USD 2025 pipeline

LTC Properties, Inc. (NYSE:LTC), a real estate investment trust focused on seniors housing and health care properties, announced the closing of a 40M USD Senior Housing Operating Portfolio acquisition. The purchase includes two assisted living and memory care communities in Kentucky totaling 158 units.

The communities, which opened in 2023, are stabilized and expected to deliver a year-one yield of about 7%. Charter Senior Living, a new partner to LTC, has operated the communities since opening.

Strategic Growth and Pipeline Progress

The transaction brings LTC’s closed investments to 175M USD, representing 38% of its projected 460M USD pipeline for 2025. Of this total, 75M USD has been allocated to SHOP. The Company expects to close an additional 195M USD in SHOP acquisitions by mid-October 2025, followed by another 90M USD by year-end.

Partnership With Charter Senior Living

Charter Senior Living, based in Naperville, Illinois, operates more than 60 senior living communities across the United States. Its services include Independent Living, Assisted Living, and Memory Care.

Funding and Capital Sources

LTC plans to finance its recent and upcoming acquisitions through multiple channels. These include its expanded line of credit, proceeds from previously disclosed property sales and loan payoffs in the second half of 2025, and proceeds from sales of common stock under the Company’s at-the-market (ATM) program.

Company Overview

LTC’s portfolio includes nearly 200 properties across the United States. Based on gross real estate investments, approximately 57% of its assets are seniors housing communities, with the remainder consisting of skilled nursing centers.