LOS ANGELES-LTC Properties Inc., a self-managed REIT specializing in senior family housing, will offer a monthly cash dividend of it common stock beginning in the first quarter of 2014. The monthly dividend is $0.17. LTC Properties acquires senior housing and long-term care properties through triple net-lease transactions and mortgage loans.

The company will pay the dividend on the last day of each of the three months in the first quarter, January 31, February 28 and March 31. Stockholders will receive the dividend payment for shares held on the January 23, February 20 and March 21. LTC Properties could not be reached for a comment.

In other market news, Marcus and Millichap filed an IPO last year. It began trading 6 million share of common stock at $12 per share under the ticker symbol MMI. Marcus and Millichap expects to generate $34.6 million from the offering, which it will use for general corporate purposes.  

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.