LTC Properties Acquires Florida Senior Housing Community for $62 Million

Bitget2026/11/03 14:15

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LTC Properties acquired a 117-unit assisted living and memory care community in Florida for $62 million.
The acquisition lifted year-to-date SHOP purchases to nearly $950 million, exceeding the $900 million midpoint of 2026 acquisition guidance.
The community has an expected year-one capitalization rate of 6.5%, with an anticipated unlevered IRR in the low- to mid-teens.
Grace Management will continue managing the community, becoming a new operator on the SHOP platform.
Funding came from proceeds of the revolving line of credit and ATM sales.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. LTC Properties Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 202611030915BIZWIRE_USPR_____20261103_BW990405) on November 03, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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LTC Properties Acquires Florida Senior Housing Community for $62 Million

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