LTC Properties (LTC) announced a $195 million Senior Housing Operating Portfolio, SHOP, acquisition. Acquisition Highlights: Investment: $195 million acquisition of five independent living, assisted living and memory care communities, totaling 520 units, in Wisconsin. Performance: Stabilized communities, with an average age of six years, expected to deliver a year-one yield of approximately 7%. Operating Partner: Lifespark, a new LTC operating partner, has managed the communities since 2021. Funding: Line of credit, proceeds from previously disclosed property sales and loan payoffs occurring in the second half of 2025, and proceeds from sales of common stock under the Company’s ATM program. Momentum: LTC has closed 80% of its projected $460 million pipeline. Of this, $270 million has been added to the Company’s SHOP portfolio. LTC expects to close an additional $90 million in SHOP acquisitions by the end of 2025. SHOP Portfolio Composition: LTC’s SHOP investments make up approximately 18% of its total portfolio, and includes nearly 1,580 units, across five operators, three of whom are new to LTC.
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