LTC Properties Completes $79M Sale of 5 Skilled Nursing Properties
LTC Properties (NYSE: LTC) announced the sale of five skilled nursing centers, with total proceeds of $79 million.
The sale included four properties located in Virginia for $51 million, and one in California for $28 million.
[T]he sale furthers LTC’s ongoing efforts to actively manage and strengthen its portfolio through strategic capital recycling
The sales proceeds totaled $79 million, with an expected gain on sale of approximately $52 million.
Author's summary: LTC Properties sells 5 nursing centers for $79 million.