Higher interest rates and billions in debt maturities coming due will aid LTC Properties (NYSE: LTC) as the company’s leaders execute on a growth strategy for the year ahead. The current lending environment favors real estate investment trusts (REIT) like Westlake Village, California-based LTC Properties due to their habit of having “conservative investment strategies” and […]
LTC Properties
LTC Properties (NYSE: LTC) will continue its effort to prune its senior living portfolio as it prepares for more growth next year, according to Chairman and CEO Wendy Simpson. Leaders at the Westlake Village, California-based real estate investment trust (REIT) reported investment of $180 million in the first quarter of 2023. With that figure, the […]
For more than three decades, Watermark Retirement had never been replaced by a different management company. But times have changed. “We were replaced by Welltower on a few of our communities; but on the other hand, we’re being the replacer, going into some communities,” Watermark Chairman David Freshwater told me recently. Swapping management companies is […]
LTC Properties (NYSE: LTC) has invested almost $180 million this year, representing its most active year for transactions since 2015. And if all goes according to plan, the company won’t stop there. Leaders with the Westlake, California-based real estate investment trust (REIT) are also focused on operator diversification a little more than a month after […]
Last month, Brookdale Senior Living (NYSE: BKD) chose not to renew a lease on a portfolio of 35 properties with LTC Properties (NYSE: LTC) — a move that was for the better in the end, according to CEO Cindy Baier. Despite having “a long and productive relationship with LTC,” Baier noted the Brentwood, Tennessee-based senior […]
Brookdale Senior Living (NYSE: BKD) has elected not to renew a lease on its portfolio of 35 properties with LTC Properties (NYSE: LTC), appearing to end collaboration between the two companies for now. The Brentwood, Tennessee-based operator chose not to renew its lease with LTC, the Westlake Village, California real estate investment trust (REIT) announced […]
LTC Properties (NYSE: LTC) management expects the company’s operating partners will make progress on occupancy and expenses in 2023, but the rate of recovery in the year ahead remains uncertain. Part of the reason why is that occupancy increases coming out of the pandemic “have not been linear,” LTC Properties Chairman and CEO Wendy Simpson […]
LTC Properties (NYSE: LTC) is investing $128 million in 12 assisted living communities as part of a joint venture with one of its current operating partners. Of the $128 million, the Westlake, California-based is putting $117 million toward acquiring a 97% stake in a joint venture with the operator for the purchase of 11 properties. […]
LTC Properties (NYSE: LTC) is currently engaged in its most active year of investments in seven years, and leaders with the company are not done growing yet. The company has invested over $170 million in 2022, representing the highest level of investment since 2015, executives from the Westlake, California-based real estate investment trust (REIT) noted […]
Over the past two weeks, executives of publicly traded senior living companies shared quarterly earnings results. I was particularly struck by the words of Welltower (NYSE: WELL) CEO Shankh Mitra, who called the company’s second-quarter results “mediocre at best.” We’re used to CEOs taking pains to stress the positives in earnings, and there were positives […]
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