Senior housing and care REIT LTC Properties, Inc. (NYSE:LTC) announced on Monday that it had acquired a skilled nursing facility located in Brownwood, Tex. for $6.5 million. The facility has 90 licensed beds and has been added to an existing master lease with Senior Care Centers at an initial cash yield of 9.0% and an […]
LTC Properties
Health Care REIT Closes New $250 Million Canadian Loan with Accordion Feature Health Care REIT, Inc. (NYSE:HCN) announced on Thursday, May 24 that it had closed on a $250 million Canadian denominated unsecured term loan (approximately $244 million in U.S. dollars). The loan is coterminous with the REIT’s $2 billion (USD) unsecured revolving credit facility, […]
LTC Properties, Inc. (NYSE:LTC), a real estate investment trust that primarily invests in long-term care facilities, recently acquired a vacant 3.16 acre plot of land in the Denver area of Colorado for $1.9 million, with plans to build a senior care community. Simultaneous with the land purchase, LTC entered into a lease agreement and development […]
In case you missed it, we’ve rounded up all the senior housing and care transactions covered by Senior Housing News in March. Senior Housing Sales & Acquisitions CNL Lifestyle Properties Acquires Three Illinois Senior Living Communities (3/5/2012) Brookdale Senior Living Buys Retirement Home from Ventas for $16 Million (3/12/2012) CNL Lifestyle Properties to Buy Four […]
LTC Properties, Inc. (NYSE:LTC) recently acquired a 144-bed skilled nursing property located in Red Oak, Texas for $18.6 million from an undisclosed buyer. The REIT funded the acquisition through its unsecured revolving line of credit, and added the property to an existing master lease with an unrelated third-party operator at an initial cash yield of […]
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