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Stock Market & Financial Investment News

News Breaks
January 7, 2013
09:32 EDTLTCLTC Properties announces acquisition of two land parcels
LTC Properties announced that it had purchased two parcels of land for a total of $3.1M and entered into development commitments totaling $26.2M. In December 2012, the company purchased an 11.2 acre vacant parcel of land in Northern Kentucky for $2.1M. Simultaneous with the purchase, the company added the land parcel to an existing master lease with affiliates of Carespring Health Care Management and made a development commitment to fund the construction of a 143-bed skilled nursing facility in an amount not to exceed $21.4M. Also in December 2012, the company purchased a 6 acre parcel of land in Frisco, Texas for $1M and entered into a lease and development commitment with affiliates of Mustang Creek Estates in an amount not to exceed $4.8M for the construction of an 81-unit assisted living and memory care facility.
News For LTC From The Last 14 Days
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December 22, 2014
09:31 EDTLTCLTC Properties completes sale of 16 assisted living properties for $26.5M
LTC Properties announced it has completed the sale of 16 assisted living properties to senior living provider, Enlivant, for $26.5M, or approximately $43,000 per unit. The properties, located in Arizona, Idaho, Oregon and Washington, comprise 615 units. As a result of the sale, LTC expects to record a gain of approximately $3.8M in the fourth quarter of 2014. In addition to the sale of the 16 properties, 13 properties included in the 37 property portfolio will be re-leased to Senior Lifestyle Corporation under a 15-year master lease, and seven properties will be re-leased to Veritas InCare, under a 10-year master lease, both beginning January 1, 2015.
December 19, 2014
09:31 EDTLTCLTC Properties acquires memory care community for $9.8M
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