LTC Properties, Inc. (NYSE: LTC)

LTC Properties, Inc. operates as a health care real estate investment trust (REIT) that invests primarily in long-term care and other healthcare related properties through mortgage loans, property lease transactions and other investments.  LTC Properties invests in properties that provide opportunity for additional value and diversifies its investment portfolio by geographic location, operator and form of investment. LTC Properties provides mortgage financing on such properties based on established investment underwriting criteria.

The properties are leased pursuant to non-cancelable leases generally with an initial term of 10 to 30 years.  The leases provide for a fixed minimum base rent during the initial and renewal periods.  Most of the leases provide for annual fixed rent increases or increases based on consumer price indices over the term of the lease.  In addition, certain of the LTC Properties' leases provide for additional rent through revenue participation in incremental revenues generated by the facilities over a defined base period, effective at various times during the term of the lease. 

 

Contact Information
Street: 
31365 Oak Crest Drive, Suite 200
City: 
Westlake Village
State: 
CA
Zip Code: 
91361
Phone Number: 
805-981-8655
Fax Number: 
805-981-8663
Website: 
www.ltcproperties.com

Related Experts

Wendy Simpson, CEO and President of LTC Properties
Wendy Simpson has been CEO and President of LTC Properties, Inc. since March 2007; and appointed Chairman of the Board in August 2013. She also served as Chief Financial Officer from July 2000 through March 2007, Treasurer from January 2005 through March 2007, and President and Chief Operating Officer from October 2005 through March 2007. She also was Vice Chairman of the Board from April 2000 through October 2005. Having served as a senior Read More
CEO & President, LTC Properties, Inc.