Nursing-Home Trust Reports on Investments
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LTC Properties Inc., an Oxnard-based real estate investment trust that invests in nursing homes, said it completed an additional $9.7 million of investments in March.
The trust said it also made tentative agreements to invest an additional $25 million. If all of the deals are completed, LTC said it will have invested more than $137 million of the $142 million received from its initial public stock offering in August.
LTC typically makes its investments either by providing mortgage loans for nursing homes or purchasing the properties and leasing them to nursing-home operators.
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