LTC’s SHOP Momentum Continues with $95 Million in New Acquisitions
LTC Properties announced $95 million in acquisitions of two seniors housing operating portfolio communities in Alabama and Iowa. Year-to-date SHOP acquisitions now exceed $830 million, more than 90% of the $900 million guidance midpoint, with SHOP expected to approach 50% of annualized net operating income by year-end.
Key figures
- Deal Value Usd
- 95000000
- Cap rate
- 6.5% year-one average
- Occupancy
- 93% weighted average
- Shop noi contribution
- nearly 45% annualized
- Ytd shop acquisitions
- $830 million
- Acquisition guidance midpoint
- $900 million
AI analysis
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