Assisted Living Facilities Come to Market

WESTLAKE VILLAGE, CA-LTC Properties has launched efforts to re-lease a portfolio of 37 assisted living communities located throughout the Pacific Northwest, Midwest and Texas. The company has already renewed leases with Assisted Living Concepts Inc. and Extendicare Health Services Inc., whose leases expired December 31, 2013.

LTC Properties is launching the re-leasing efforts in the hope of capitalizing on the expanding healthcare market. “We believe the significant potential upside of this portfolio represents a compelling economic opportunity for many quality assisted living providers,” says Wendy Simpson, CEO, president and chairman of LTC Properties. “The portfolio’s strategic geographic concentrations offer potential operators the opportunity to either leverage their existing footprint in these markets or to establish new operating regions with ample critical mass.”