LTC Properties (LTC) Acquires Skilled Nursing Property in Texas
Tweet Send to a FriendGet Alerts LTC Hot Sheet
Up)
Trade LTC Now!
LTC Properties, Inc. (NYSE: LTC) acquired a skilled nursing property with 90 licensed beds for $6.5 million. The property is located in Brownwood, Texas and was built in 2011. The acquisition was funded from the Company’s unsecured revolving line of credit. Simultaneous with the purchase, the Company added the property to an existing master lease with Senior Care Centers at an initial cash yield of 9.0% and an incremental GAAP yield of 10.7%.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- UPDATE: Viropharma, Inc. (VPHM) Said to Attract Acquisition Interest - Reuters
- Google (GOOG) May Tap Private Equity as More M&A Deals Appear
- Icahn Proposes Dell (DELL) Start Offer for 1.1B Shares at $14/Share
Create E-mail Alert Related Categories
Mergers and Acquisitions
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
