LTC Focused on Troubled Tenants, Positioning for Acquisitions

After a year marked by troubled operators and a senior housing acquisition drought, LTC Properties (NYSE: LTC) enters 2019 not quite out of the woods. “It was one step forward, two steps back on the tenant front for LTC in 4Q18,” analysts with financial services company Mitsubishi UFG Financial Group (MUFG) wrote, commenting on the […]

LTC Looks Ahead as Anthem Occupancy Improves

LTC Properties (NYSE: LTC) says it’s well-prepared to weather industry headwinds, especially now that occupancy is on the upswing with one of its previously embattled tenants. That operator, Anthem Memory Care, has made good progress so far this year, LTC Chairman, President and CEO Wendy Simpson said during Thursday’s first-quarter 2018 earnings call. Anthem makes up […]

LTC Tenant Anthem Back on Track After Occupancy Improves

LTC Properties (NYSE: LTC) will stick with its troubled tenant, Anthem Memory Care—at least for now. The Westlake Village, California-based real estate investment trust (REIT) recently signed a forbearance agreement with Anthem, under which it won’t pursue enforcement related to its default through the end of the year so long as Anthem pays a minimum rent […]

Why Standalone Memory Care Providers are Struggling With Occupancy

Some standalone memory care providers are having a rough go of it. Take Lake Oswego, Oregon-based Anthem Memory Care, which is having trouble raising equity and paying its quarterly rent in full to LTC Properties (NYSE: LTC), its real estate investment trust (REIT) landlord. Anthem, for its part, expects to resolve certain staffing and occupancy issues within […]

Anthem Fails to Make Rent, LTC Halts Future Development

LTC Properties (NYSE: LTC) is slamming the brakes on its future development plans with Anthem Memory Care after the Lake Oswego, Oregon-based provider failed to raise a certain amount of equity and pay its quarterly rent in full. The California-based real estate investment trust (REIT) issued a monitory default notice on its master lease with […]