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LTC Properties buys four Minnesota seniors housing communities for $200 million

PUBT·09/02/2026 13:15:55
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LTC Properties buys four Minnesota seniors housing communities for $200 million
  • LTC Properties agreed to buy four seniors housing operating properties in Minnesota for USD 200 million.
  • Portfolio totals 453 units across independent living, assisted living, memory care; average asset age nine years.
  • Year-one cap rate expected near 7%; unlevered IRR projected in the low-to-mid teens.
  • Lifespark Senior Living takes over operations; transaction deepens an existing operating partnership.
  • Funding includes USD 167 million from selling 13 Texas skilled nursing centers; balance drawn on a revolving credit line.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. LTC Properties Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 202609020915BIZWIRE_USPR_____20260902_BW393070) on September 02, 2026, and is solely responsible for the information contained therein.