LTC Properties Buys Florida Senior Housing Community for $62 Million

10:02 AM EST, 11/03/2026 (MT Newswires) -- LTC Properties (LTC) said Tuesday it acquired a 117-unit assisted living and memory care community in Florida for $62 million, adding a new operator to its seniors housing operating portfolio. Grace Management will continue to manage the community, which was built in 2016, LTC said. The acquisition was funded with proceeds from LTC's revolving credit line and at-the-market stock sales, the company said. LTC said it has completed nearly $950 million in seniors housing operating portfolio acquisitions this year, surpassing the $900 million midpoint of its 2026 investment guidance. The portfolio now includes 50 communities managed by 14 operators and contributes about 45% of the company's pro forma annualized net operating income, the real estate investment trust said. Price: 45.19, Change: +0.05, Percent Change: +0.11