LTC Approaches 2026 SHOP Acquisition Target of $900 Million with Recent $52 Million Investment
Business Wire•21/10/2026•09:15 ET
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Key Highlights
- ➤$52 million acquisition adds 130-unit Pennsylvania SHOP community
- ➤Year-to-date SHOP acquisitions exceed $880 million, nearing $900 million 2026 midpoint guidance
- ➤Acquisition carries 6.9% year-one cap rate and low- to mid-teens anticipated unlevered IRR
- ➤SHOP portfolio reaches 49 communities, contributing 45% of pro forma annualized NOI
- ➤LTC sold 2,286,106 shares for $97 million net proceeds during third quarter and fourth quarter-to-date
Expert Statements
Dave Boitano, Chief Investment Officer of LTC Properties
“This acquisition continues our SHOP expansion as we near our 2026 investment target and look ahead to next year”
LTC Approaches 2026 SHOP Acquisition Target of $900 Million with Recent $52 Million Investment
-- Expands SHOP Portfolio; Advances Acquisition Growth Objectives; Increases Organic Growth Profile --
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