LTC Properties completes $95 million acquisition of two Minnesota seniors housing communities
Reuters2026/08/05 21:11- LTC Properties completed a USD 95 million acquisition of two seniors housing operating portfolio communities in Minnesota.
- Properties average five years old; 215 units across independent living, assisted living, memory care.
- Deal priced at a 7.4% cap rate; projected unlevered IRR in the low-to-mid teens.
- Lifespark Senior Living will keep managing the assets; purchase funded with proceeds from at-the-market equity sales.
- SHOP platform expanded to 39 communities, representing 37% of gross real estate investments; total gross investments reached USD 1 billion.
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