LTC Properties buys Pennsylvania seniors housing community for $52 million
LTC•LTC Properties acquired a 130-unit Pennsylvania seniors housing community for $52 million. The 2023-built property has occupancy in the low- to mid-90% range, and the acquisition has a 6.9% year-one capitalization rate.
1. Acquisition details
LTC Properties acquired the community in an off-market transaction. Existing operator IntegraCare will continue managing the property.
2. Returns and funding
The acquisition carries a 6.9% year-one capitalization rate, with an anticipated unlevered internal rate of return in the low- to mid-teens. Funding came from the revolving line of credit and at-the-market stock sales.
3. Investment activity
Year-to-date SHOP acquisitions exceed $880 million, nearing the $900 million midpoint of 2026 investment guidance.
