LTC Properties completes $95 million acquisition of two Minnesota seniors housing communities - LTC News | RalliesLTC Properties completes $95 million acquisition of two Minnesota seniors housing communities
L
LTC• LTC completes Minnesota seniors housing acquisition
- LTC Properties completed a $95 million acquisition of two seniors housing operating portfolio communities in Minnesota.
- The assets average five years old and include 215 units across independent living, assisted living, and memory care.
- The transaction was priced at a 7.4% cap rate with an anticipated unlevered IRR in the low-to-mid teens.
- Lifespark Senior Living will continue to manage the properties under the SHOP structure.
- The purchase was funded with proceeds from at-the-market equity sales.
CHEC
•
