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.
Street: 31365 Oak Crest Drive, Suite 200
City: Westlake Village
Zip Code: 91361
Phone Number: 805-981-8655
Fax Number: 805-981-8663