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-- Transformative Growth Driven by SHOP Investments --
LTC Properties, Inc. (NYSE:LTC) ("LTC" or the "Company"), a real estate investment trust that primarily invests in seniors housing and health care properties, today announced it now expects 2025 investments to reach $460 million, up from $400 million, driven primarily by significant SHOP growth.
Updated Investment Guidance
LTC's investment guidance of $460 million includes approximately:
LTC plans to fund the new investments through its recently expanded 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.
Recently Completed Investment Activity
Subsequent to the end of the 2025 second quarter, LTC originated a $58 million five-year loan secured by two seniors housing communities with a total of 171 units in California, at an interest rate of 8.25%.
Significant SHOP Growth
LTC has generated substantial growth in SHOP since the portfolio's launch in May 2025. When the expected SHOP investments discussed above are completed, that portfolio will be valued at more than $500 million, representing approximately 20% of LTC's total portfolio. SHOP will include nearly 1,900 private pay independent living, assisted living and memory care units, across 25 properties, and six operating partners, four of whom are new to LTC.
Portfolio Composition
Driven by the strength of its SHOP activity, LTC's portfolio will shift from a roughly equal balance of private-pay seniors housing and skilled nursing to a 65-35% split favoring seniors housing, bringing LTC's skilled nursing concentration to the lowest in Company history.
Posted In: LTC