LTC Properties announced the closing of a $40 million off-market acquisition of two recently built assisted living and memory care communities. These properties will be operated by Charter Senior Living, marking a new partnership for LTC. This acquisition aligns with the company's strategy to expand its Seniors Housing Operating Portfolio (SHOP).
The investment in these two communities further advances LTC's external growth strategy within the seniors housing sector. The focus on recently built, stabilized assets under the SHOP structure is designed to capture operational upside and enhance portfolio quality. This transaction contributes to the company's goal of increasing its SHOP exposure.
This acquisition demonstrates LTC's continued execution on its investment pipeline and its commitment to growing its presence in the seniors housing market. The addition of new operating partners and modern facilities supports the company's long-term strategic objectives.
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