WESTLAKE VILLAGE, CA-LTC Properties, a firm located in Westlake Village, has announced plans to buy four assisted living assets totaling 241 units situated in Mississippi and Florida for $26.9 million.
The deals are slated to complete on October 29, 2010. The unsecured line of credit of the company will finance these acquisitions. The firm plans to lease the assets under triple net master lease for 10 years. For the full story, go to San Fernando Valley Business Journal.
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