Randall Residence

LTC Invests $33 Million in Acquisitions

Retrieved on:

Tuesday, January 21, 2020

Commercial Building & Real Estate, Seniors, Construction & Property, General Health, Health, REIT, Consumer, Residential Building & Real Estate, LTC, Elderly care, Randall Residence, HMG Healthcare, LTC Properties

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.

Key Points:

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.
LTC holds more than 200 investments in 28 states with 30 operating partners.