Profile: LTC Properties Inc (LTC)
21 May 2019
LTC Properties Inc., incorporated on May 12, 1992, is a healthcare real estate investment trust (REIT). The Company invests in senior housing and healthcare properties through sale-leaseback transactions, mortgage financing and structured finance solutions, including mezzanine lending. The Company invests in various properties, including Skilled nursing facilities (SNF), Assisted living facilities (ALF), Independent living facilities (ILF), Memory care facilities (MC) and Range of care facilities (ROC). SNF provides restorative, rehabilitative and nursing care. Many skilled nursing facilities provide ancillary services that include occupational, speech, physical, respiratory and IV therapies, as well as sub-acute care services, which are paid either by the patient, the patient's family, private health insurance, or through the federal Medicare or state Medicaid programs. ALF serves people requiring assistance with activities of daily living, but do not require the constant supervision skilled nursing facilities provide. ALF Services are usually available round the clock and include personal supervision and assistance with eating, bathing, grooming and administering medication. The facilities provide a combination of housing, supportive services, personalized assistance and healthcare designed to respond to individual needs. ILF, also known as retirement communities or senior apartments, offers a sense of community and numerous levels of service, such as laundry, housekeeping, dining options/meal plans, exercise and wellness programs, transportation, social, cultural and recreational activities, on site security and emergency response programs.
The Company's MC offers specialized options for people with Alzheimer's disease and other forms of dementia. Purpose built, free standing memory care facilities offer an alternative for private pay residents affected by memory loss in comparison to other accommodations that typically have been provided within a unit of an assisted living or skilled nursing facility. These facilities offer care and specialized programming for various conditions relating to memory loss in an environment that is typically smaller in scale and more residential in nature than traditional assisted living facilities. Residents require a higher level of care and more assistance with activities of daily living than in assisted living facilities. ROC provides skilled nursing and any combination of assisted living, independent living and/or memory care services.
LTC Properties Inc
2829 Townsgate Rd Ste 350
WESTLAKE VILLAGE CA 91361-3019