LTC Approaches 2026 SHOP Acquisition Target of $900 Million with Recent $52 Million Investment

LTC Properties acquired a 130-unit Pennsylvania seniors housing community for $52 million in an off-market deal at a 6.9% year-one cap rate, with unlevered IRR expected in the low- to mid-teens. IntegraCare, an existing LTC SHOP operator, will continue managing the community, and the deal includes land for potential cottage development to expand continuum-of-care options. The purchase brings year-to-date SHOP acquisitions to more than $880 million, approaching the $900 million mid-point of 2026 investment guidance; the deal was funded via revolver and ATM proceeds of $97 million from 2,286,106 shares sold.

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