Lending Anxiety, Operator Debt Maturities Position LTC Properties for Growth in 2024

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 […]

Moneyball Approach to Trading Senior Living Operators Starts to Take Hold

For more than three decades, Watermark Retirement had never been replaced by a different management company.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 Sees Most Active Investment Year Since 2015, With $100M Pipeline to Come

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 […]

LTC Plans Transitions, Possible Sales for 35-Community Portfolio After Brookdale Declines Lease Renewal

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 Operators Gain Stability, But CEO Sees ‘Bumpy Road Ahead’ for Occupancy

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 Ramps Up Investments, Leaders ‘Prepared’ for Possible Brookdale Sale

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 […]

Welltower CEO’s Disappointment — and Optimism — Show Need for Senior Living Mindset Shift

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 […]