LTC Properties acquired four senior housing communities in Minnesota for $200 million. The portfolio adds 453 units across independent living, assisted living, and memory care. This acquisition advances the company’s strategic shift toward its Senior Housing Operating Portfolio (SHOP) platform.
The company funded the purchase by selling 13 skilled nursing centers in Texas for $167 million. It covered the remaining balance using its revolving line of credit. LTC is divesting from older skilled nursing facilities to invest in newer, service-rich communities.
The SHOP segment now represents 38% of annualized net operating income since its May 2025 launch. LTC has closed nearly $580 million in acquisitions this year. The company anticipates further market activity.