LTC Properties enters into an agreement to purchase a property in Florida
The Company announced that it has entered into an agreement to purchase a 120-bed skilled nursing property in Florida for a purchase price of $9M and will enter into a 12-year triple net lease with a third party operator. The terms of the seller’s current financing required a 30-day prepayment notice which was given by seller concurrently upon execution of the purchase agreement. This transaction is scheduled to close on February 22. :theflyonthewall.com
Subscribe for More Information