LTC Properties Buys Pennsylvania Seniors Housing Community for $52 Million
Bitget2026/10/21 13:16- LTC Properties acquired a 130-unit seniors housing community in Pennsylvania for $52 million in an off-market transaction.
- Built in 2023, the community has occupancy in the low- to mid-90% range; existing operator IntegraCare will continue managing it.
- The acquisition carries a 6.9% year-one capitalization rate, with an anticipated unlevered internal rate of return in the low- to mid-teens.
- Year-to-date SHOP acquisitions exceed $880 million, nearing the $900 million midpoint of 2026 investment guidance.
- Funding came from the revolving line of credit and at-the-market stock sales.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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