An unknown buyer acquired Two assisted living communities with combined 160 units in Pennsylvania from LTC Properties, Inc. for $11.5 million.
July 26, 2023
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An unknown buyer acquired two assisted living communities with combined 130 units in Pennsylvania from LTC Properties, Inc. (NYSE:LTC) for $11.5 million on June 30, 2023. The sale is expected to close during the third quarter of 2023.
LTC Properties, Inc. is a real estate investment trust (REIT). The Company invests in seniors housing and health care properties through sale-leasebacks, mortgage financing, joint ventures, construction financing and structured finance solutions including preferred equity, and mezzanine lending. It invests in various properties, including skilled nursing centers (SNF), which provides restorative, rehabilitative and nursing care; Assisted living facilities (ALF), which serves people who require assistance with activities of daily living; Independent living facilities (ILF), also known as retirement communities or senior apartments, offers a community and numerous levels of service, such as laundry, housekeeping, dining options/meal plans, exercise and wellness programs, transportation, social, cultural and recreational activities, on-site security, and others, and Memory care facilities (MC), offers specialized options for people with Alzheimerâs disease and other forms of dementia.
LTC PROPERTIES, INC. 
