LTC Properties has sold three assisted living communities in Wisconsin that were part of LTC’s Senior Lifestyle portfolio for $35 million.
“Transitioning the Senior Lifestyle portfolio has been a key focus for LTC, and the sale of these communities brings us closer to that goal,” said Wendy Simpson, LTC’s chairman and CEO. “We remain consistent with our stated long-term strategy of diversifying our portfolio by strategically selling assets, and the disposition of these properties demonstrates our ability to do that successfully.”
