LTC Acquires Florida Seniors Housing Community for $62 Million

Nov 3, 2026 2:21 PM

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LTC Properties, Inc. acquired a 117-unit Florida seniors housing community for $62 million into its SHOP platform, onboarding Grace Management as a new operator. This transaction elevates year-to-date SHOP acquisitions to approximately $950 million, successfully exceeding the company’s $900 million 2026 mid-point acquisition guidance ahead of schedule.

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LTC Properties, Inc. (NYSE: LTC) announced the $62 million acquisition of a seniors housing community in Florida for its seniors housing operating portfolio, or SHOP.

The acquired property is a 117-unit assisted living and memory care community built in 2016. The transaction also adds a new operator to LTC’s SHOP platform, with the company welcoming Grace Management.

LTC said the acquisition brings its year-to-date SHOP acquisitions to nearly $950 million, surpassing its $900 million 2026 mid-point acquisition guidance.

This article may include AI-generated content that is human-reviewed, which is for reference and general information purposes only and does not constitute investment advice.

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