LTC Properties Tells of $15.5 Million in Deals
LTC Properties Inc., an Oxnard real estate investment trust that concentrates on health-care-related properties, has closed $15.5 million in new transactions.
The deals include the purchase of a 103-bed nursing home in Florida for $3.3 million and mortgage loans made by LTC totaling $12.2 million. The loans are secured by four long-term care facilities.
Andre C. Dimitriadis, chairman and chief executive, said LTC expects to close deals totaling another $20 million in the next few months.