# LTC Properties Expands Seniors Housing Portfolio with $95 Million Acquisition

- URL: https://stocks.freetheai.org/news/ltc-properties-expands-seniors-housing-portfolio-with-95-million-acquisition-47d9eb
- Published: 2026-10-13T13:15:00Z
- Category: company_news; sentiment: bullish; impact: medium
- Symbols: [NYSE:LTC](https://stocks.freetheai.org/symbols/NYSE-LTC)
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LTC Properties, Inc. (NYSE:LTC) has acquired two seniors housing communities for $95 million, advancing its strategic focus on expanding its seniors housing operating portfolio. The acquisitions include a $71 million, 180-unit property in Alabama and a $24 million, 85-unit property in Iowa. Both facilities are managed by existing operating partners and were funded using proceeds from prior property sales. Shares of LTC were trading up 1.39% at $43.05 following the news.

The deals bring the real estate investment trust's year-to-date acquisitions in this segment to over $830 million. That covers more than 90% of the midpoint of its full-year $900 million acquisition target. Since launching the segment in May 2025, the company has expanded its operating portfolio from 13 to 48 properties, increasing its contribution to nearly 45% of annualized net operating income while reducing its skilled nursing exposure to roughly 30%.

Looking ahead, LTC expects to reach its full-year acquisition midpoint by the end of the year, at which time the operating portfolio is expected to generate nearly 50% of annualized net operating income. Investors will be monitoring whether the newly added assets hit their targeted metrics, which include an average year-one capitalization rate of approximately 6.5% and an expected internal rate of return in the low- to mid-teens.

## Key points

- LTC Properties spent $95 million on two seniors housing communities located in Alabama and Iowa.
- The acquisitions bring year-to-date operating portfolio investments to more than $830 million.
- The company funded the deals using proceeds from previously completed property sales.
- LTC is on track to hit its $900 million midpoint acquisition guidance by the end of the year.

## Questions and answers

### What properties did LTC Properties acquire for $95 million?

LTC Properties acquired a 180-unit community in Alabama for $71 million and an 85-unit community in Iowa for $24 million. Both are seniors housing operating properties with a combined average occupancy of 93%.

### How close is LTC Properties to its full-year acquisition target?

LTC Properties has completed over $830 million in operating portfolio acquisitions year-to-date, reaching more than 90% of its $900 million midpoint guidance.