LTC Properties Announces The Sale Of Two Skilled Nursing Centers In Florida Totaling 240 Licensed Beds; Sale Proceeds To Be $42M, With Expected Gain On Sale Of ~$26M

Author: Benzinga Newsdesk | October 07, 2025 04:19pm

LTC Properties, Inc. (NYSE:LTC) ("LTC" or the "Company"), a real estate investment trust that invests in seniors housing and health care properties, today announced the sale of two skilled nursing centers.

Highlights:

• Properties: Two skilled nursing centers in Florida totaling 240 licensed beds.
  
  
  
   
• Sale Proceeds: $42 million. Expected gain on sale of approximately $26 million.
  
  
  
   
• Purpose: Supports LTC's ongoing effort of actively managing and strengthening its portfolio through strategic capital recycling. Proceeds from the sales are being redeployed for the acquisition of newer, stabilized SHOP assets consistent with the Company's strategic focus on external growth and portfolio diversification.
  
  
  
   
• Pending Sales: As previously disclosed, the Company expects to receive $120 million in proceeds from the sale of seven skilled nursing centers in the first part of the 2025 fourth quarter, 35% of which was completed with today's announcement. The remaining $78 million is expected to close in the next 30 days.
  
  
  
   
• Portfolio Composition: Upon completion of the expected sales in 2025, LTC's seniors housing portfolio will increase to approximately 62% of its gross real estate investments, with SHOP representing approximately 19%.

"These transactions demonstrate the continued successful execution of strategically recycling capital to optimize our portfolio for growth," said Clint Malin, LTC's Co-CEO. "By selectively divesting non-core, older skilled nursing centers at attractive cap rates, we are unlocking value through asset sales by redeploying capital to support LTC's long-term external SHOP growth objectives."

Pam Kessler, LTC's Co-CEO, added, "Our disciplined approach reflects LTC's ongoing commitment to balance sheet strength and flexibility, strategic SHOP growth, and long-term shareholder value. We remain focused on strategically allocating capital to advance our growth objectives and reinforce the quality, composition and resilience of our portfolio."

Posted In: LTC