LTC Announces Completion and Opening of Skilled Nursing Property

Before you go, we thought you'd like these...
Before you go close icon

LTC Announces Completion and Opening of Skilled Nursing Property

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)-- LTC Properties, Inc. (NYS: LTC) announced today the completion and opening of a 120-bed licensed skilled nursing property in Amarillo, Texas. This new property replaces a 90-bed licensed skilled nursing property in the Company's existing portfolio. The new property is leased to an indirect affiliate of Fundamental pursuant to a master lease containing two properties and a total of 316 beds. The projected annual incremental cash rent from this property is approximately $0.7 million. Management will be attending the grand opening ceremony on Thursday, June 20, 2013.

The Company is a self-administered real estate investment trust that primarily invests in senior housing and long-term care properties through triple-net lease transactions, mortgage loans and other investments. For more information on LTC Properties, Inc., visit the Company's website at www.LTCProperties.com.




LTC Properties, Inc.
Wendy L. Simpson
Pam Kessler
805-981-8655

KEYWORDS:   United States  North America  California  Texas

INDUSTRY KEYWORDS:

The article LTC Announces Completion and Opening of Skilled Nursing Property originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners