LTC Invests $33 Million in Acquisitions
(WorldNews Business)

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Jan 21, 2020-- LTC Properties Inc. (NYSE: LTC), a real estate investment trust investing in seniors housing and care, today announced it has acquired two Michigan seniors housing communities and one Texas skilled nursing center. The Michigan communities will be operated by Randall Residence, and the Texas center will be operated by HMG Healthcare. Both regional operators are new to LTC. Randall Residence - Michigan Acquired two properties, located in Auburn Hills and Sterling Heights, for $19 million, with an additional capital improvement investment of approximately $2 million in the first year of the lease156 total assisted living and memory care...