LTC Properties acquires two seniors housing communities for $95 million
Bitget2026/10/13 13:15- LTC Properties acquired two seniors housing operating portfolio communities for USD 95 million, funded with proceeds from prior property sales.
- The deals lift year-to-date SHOP acquisitions above USD 830 million, over 90% of the USD 900 million mid-point guidance.
- The assets include a USD 71 million Alabama community with 180 units, managed by Charter Senior Living.
- An off-market USD 24 million Iowa acquisition adds an 85-unit community, managed by Arrow Senior Living.
- Combined occupancy is 93%; expected year-one cap rate is about 6.5% with unlevered IRR projected in the low-to-mid teens.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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