LTC Tops 2026 Mid-Point SHOP Acquisition Guidance with $62 Million Transaction; Welcomes Grace Management to SHOP Platform
Business Wire•03/11/2026•09:15 ET
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Key Highlights
- ➤LTC acquired a Florida community for $62 million, adding 117 assisted living and memory care units
- ➤LTC’s year-to-date SHOP acquisitions reached nearly $950 million, surpassing $900 million guidance
- ➤Acquisition carries a 6.5% expected year-one cap rate and low- to mid-teens anticipated unlevered IRR
- ➤Grace Management will continue operating the community, becoming a new LTC SHOP operator
- ➤LTC’s SHOP portfolio contributes 45% of pro forma annualized NOI across 50 communities
Expert Statements
Dave Boitano, Chief Investment Officer of LTC Properties, Inc.
“Surpassing the mid-point of our 2026 acquisition guidance reflects the strength of our SHOP strategy, the relationships we have built, and our team’s solid execution”
Dave Boitano, Chief Investment Officer of LTC Properties, Inc.
“We remain excited about our momentum and the opportunities ahead to further scale and diversify our SHOP platform. Grace is a great addition to our portfolio, and we look forward to growing with them.”
LTC Tops 2026 Mid-Point SHOP Acquisition Guidance with $62 Million Transaction; Welcomes Grace Management to SHOP Platform
-- SHOP Acquisitions Year-To-Date Reach Nearly $950 Million --
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