Trend in Housing for Elderly May Benefit LTC

LTC Properties Inc., an Oxnard-based real-estate investment trust, stands to benefit from a growing trend in the health-care field, according to an industry analyst.

The emergence of assisted-living facilities could prove beneficial to LTC, which until now has concentrated on investments in nursing homes, according to Peter Sidoti, a NatWest Securities Inc. analyst.

LTC's board has granted approval to investing some of the trust's funds in assisted-living residences, James J. Pieczynski, the trust's chief financial officer, told Dow Jones News Service.

The residences reportedly are growing increasingly popular among older people who prefer to live in facilities where they get only as much medical attention as they need.

Copyright © 2019, Los Angeles Times
EDITION: California | U.S. & World
69°