LTC Properties Acquires Seniors Housing Operating Portfolio Community For $52M

LTC Approaches 2026 SHOP Acquisition Target of $900 Million with Recent $52 Million Investment

-- Expands SHOP Portfolio; Advances Acquisition Growth Objectives; Increases Organic Growth Profile --

LTC Properties, Inc. (NYSE:LTC) ("LTC" or the "Company"), a real estate investment trust specializing in seniors housing and health care properties, today announced the $52 million acquisition of a community in its seniors housing operating portfolio ("SHOP"), adding to the Company’s recent growth momentum.

Acquisition Highlights:

• $52 million off-market acquisition; 130-unit independent living, assisted living and memory care community in Pennsylvania, built in 2023 with low- to mid-90% occupancy; IntegraCare, an existing LTC SHOP operator, will continue to manage the community.
• Transaction includes additional land for the potential development of cottages to expand continuum of care options.
• Year-one cap rate of 6.9%; anticipated unlevered IRR in the low- to mid-teens.

Funding: Proceeds from the Company’s revolving line of credit and ATM sales. During the 2026 third quarter and fourth quarter-to-date, LTC sold 2,286,106 shares of common stock for $97 million in net proceeds under its equity distribution agreement.

SHOP Highlights:

• 49 communities with an average age of nine years; managed by 13 operators, including 11 new relationships.
• 61% of the portfolio located in primary markets as designated by NIC.
• Contributing 45% of the Company's pro forma annualized net operating income (NOI).
• Year-to-date, LTC has completed more than $880 million in SHOP acquisitions, approaching its $900 million mid-point 2026 investment guidance.