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Wednesday, May 02, 2018 11:52:31 AM
$LTC Properties sells six-property portfolio
May 1, 2018 11:01 AM ET|About: LTC Properties Inc. ($LTC)
Known as the Sunrise Portfolio, the six assisted living and memory care communities in Ohio and Pennsylvania were sold for $67.5M.
$LTC expects to book a Q2 gain on sale of $48M on the deal. Rental revenue for the four months ended April 30 was $1.5M.
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