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FinTecBuzz

by BusinessWire

LTC Closes $46 Million in Investments

LTC Closes $46 Million in Investments

October 12, 20213 min

LTC Properties, Inc. (NYSE: LTC) a real estate investment trust that primarily invests in seniors housing and health care properties, announced today that it has originated $46 million in new investments since the beginning of the third quarter, 2021. The financings include four separate investments with the combined weighted average term of 3.2 years. The investments are expected to generate annual interest income of approximately $3.5 million. “Our recent investment strategy has focused on shorter-term...

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