LTC Properties announced today the completion of a sale of five skilled nursing centers, thereby finalizing the planned disposition of a seven‑property portfolio. The transaction was executed as part of the company’s ongoing strategy to divest older, non‑core skilled nursing assets and strengthen its balance sheet in support of its Seniors Housing Operating Portfolio (SHOP) expansion.
The sale included four Virginia properties with a combined value of $51 million and one California property valued at $29 million, bringing total sales proceeds to $79 million. This cash infusion is expected to enhance LTC’s liquidity and provide capital for future SHOP acquisitions and capital recycling initiatives.
By divesting these assets, LTC reduces exposure to the aging SNF segment, aligns its portfolio with the RIDEA‑driven growth model, and reinforces its commitment to reallocating capital toward higher‑yielding, operationally involved seniors housing properties.
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