LTC Properties Buys Four Senior Housing Communities in Minnesota for $200 Million

09:46 AM EDT, 09/02/2026 (MT Newswires) -- LTC Properties (LTC) said Wednesday that it has made a $200 million acquisition of four senior housing communities in Minnesota. The communities comprise 453 independent living, assisted living and memory care units, the company said. The expected year-one cap rate is about 7%, with an expected unlevered IRR in the low- to mid-teens, LTC said. The deal was funded with $167 million of proceeds from the sale of 13 skilled nursing centers in Texas, with the remainder coming from LTC's revolving line of credit, the company said. Price: 41.51, Change: +0.13, Percent Change: +0.30