LTC Properties Inc. acquired 6 acre parcel of land in Frisco, Texas for $1 million.
January 07, 2013 at 04:00 am
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LTC Properties Inc. (NYSE:LTC) acquired 6 acre parcel of land in Frisco, Texas for $1 million on December 27, 2012. In a related transaction, LTC Properties Inc. (NYSE:LTC) acquired 11.2 acre vacant parcel of land in Northern Kentucky was acquired for $2.1 million on December 28, 2012. LTC Properties will lease the properties and develop them into skilled nursing facilities.
LTC Properties Inc. (NYSE:LTC) completed the acquisition of 6 acre parcel of land in Frisco, Texas on December 27, 2012.
LTC Properties, Inc. is a real estate investment trust (REIT). The Company invests in seniors housing and health care properties through sale-leasebacks, mortgage financing, joint ventures, construction financing and structured finance solutions including preferred equity, and mezzanine lending. It invests in various properties, including skilled nursing centers (SNF), which provides restorative, rehabilitative and nursing care; Assisted living facilities (ALF), which serves people who require assistance with activities of daily living; Independent living facilities (ILF), also known as retirement communities or senior apartments, offers a community and numerous levels of service, such as laundry, housekeeping, dining options/meal plans, exercise and wellness programs, transportation, social, cultural and recreational activities, on-site security, and others, and Memory care facilities (MC), offers specialized options for people with Alzheimerâs disease and other forms of dementia.
LTC PROPERTIES, INC. 
