LTC Properties Completes $23.2 Million in Investments
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LTC Properties Inc., an Oxnard-based real estate investment trust that specializes in long-term and other health-care facilities, said it has completed $23.2 million in new investments.
The investments include mortgage loans secured in part by 11 nursing facilities in Arizona, California, Florida, Oklahoma, South Dakota, Texas and Washington with a total of 1,227 beds.
LTC said the transactions bring its total new investments for the year to $156 million. It said it still has $22.9 million in proposed investments, which it expects to complete over the next several weeks.
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