LTC PROPERTIES INC

For the period ended Dec 31, 2023. Filed Feb 15, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Feb 15, 2024

LTC$44.47-1.1%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Contents

Schedule III—Real Estate and Accumulated Depreciation

REAL ESTATE AND ACCUMULATED DEPRECIATION


· · · · · · · · · · · Costs · · · · · · · · · · · · · · · ·
· · · · · · · · · · · capitalized · · Gross amount at which carried at · · · · · · ·
· · · · · Initial cost to company · · subsequent · · December 31, 2023 · · · · · · ·
· · · · · · · · Building and · · to · · · · · Building and · · · · · Accum · · Construction/ · · Acquisition
· · Encumbrances · · Land · · improvements · · acquisition · · Land · · improvements · · Total (1) · · deprec. · · renovation date · · date
Skilled Nursing Properties: · · · · · · · · ·
218 Albuquerque, NM	$—	$1,696	$3,891	$1,390	$1,696	$5,281	$6,977	$2,408	2008	2005
219 Albuquerque, NM	—	1,950	8,910	869	1,950	9,779	11,729	4,735	1982	2005
220 Albuquerque, NM	—	2,463	7,647	290	2,463	7,937	10,400	3,932	1970	2005
252 Amarillo, TX	—	844	—	7,925	844	7,925	8,769	2,642	2013	2011
247 Arlington, TX	—	1,016	13,649	341	1,016	13,990	15,006	5,347	2007	2011
325 Austin, TX	—	896	9,562	174	896	9,736	10,632	479	2017	2022
319, Blue Springs, MO	—	2,644	13,942	73	2,644	14,015	16,659	2,155	2020	2019
007 Bradenton, FL	—	330	2,720	160	330	2,880	3,210	2,494	2012	1993
256 Brownwood, TX	—	164	6,336	78	164	6,414	6,578	2,402	2011	2012
177 Chesapeake, VA	—	388	3,469	2,777	388	6,246	6,634	4,280	2017	1995
257 Cincinnati, OH	—	1,890	25,110	224	1,890	25,334	27,224	6,461	2009	2012
125 Clovis, NM	—	561	5,539	334	561	5,873	6,434	3,297	2006	2001
129 Clovis, NM	—	598	5,902	541	598	6,443	7,041	3,380	1995	2001
267 Cold Spring, KY	—	2,050	21,496	196	2,050	21,692	23,742	6,384	2014	2012
253 Colton, CA	—	2,474	15,158	—	2,474	15,158	17,632	5,229	1990	2011
246 Crowley, TX	—	2,247	14,276	526	2,247	14,802	17,049	5,656	2007	2011
235 Daleville, VA	—	279	8,382	—	279	8,382	8,661	3,370	2005	2010
258 Dayton, OH	—	373	26,627	—	373	26,627	27,000	6,881	2010	2012
196 Dresden, TN	—	31	1,529	1,073	31	2,602	2,633	1,469	2014	2000
298 Forth Worth, TX	—	2,785	7,546	797	2,785	8,343	11,128	3,484	1998	2015
326 Forth Worth, TX	—	922	12,268	221	922	12,489	13,411	631	2017	2022
026 Gardendale, AL	—	100	7,550	2,260	100	9,810	9,910	7,391	2011	1996
248 Granbury, TX	—	836	6,693	600	836	7,293	8,129	3,346	2008	2011
250 Hewitt, TX	—	1,780	8,220	621	1,780	8,841	10,621	3,063	2008	2011
318 Kansas City, MO	—	1,229	18,369	69	1,229	18,438	19,667	2,270	2018	2019
008 Lecanto, FL	—	351	2,665	2,737	351	5,402	5,753	4,424	2012	1993
322 Longview, TX	—	1,405	12,176	—	1,405	12,176	13,581	1,699	2014	2020
300 Mansfield, TX	—	2,890	13,110	—	2,890	13,110	16,000	3,865	2015	2016
053 Mesa, AZ	—	305	6,909	1,876	305	8,785	9,090	6,855	1996	1996
242 Mission, TX	—	1,111	16,602	174	1,111	16,776	17,887	6,164	2004	2010
233 Nacogdoches, TX	—	394	7,456	268	394	7,724	8,118	3,041	1991	2010
249 Nacogdoches, TX	—	1,015	11,109	621	1,015	11,730	12,745	4,914	2007	2011
245 Newberry, SC	—	439	4,639	1,047	439	5,686	6,125	2,549	1995	2011
244 Newberry, SC	—	919	5,454	556	919	6,010	6,929	2,453	2001	2011
251 Pasadena, TX	—	1,155	14,345	522	1,155	14,867	16,022	5,074	2005	2011
193 Phoenix, AZ	—	300	9,703	92	300	9,795	10,095	6,860	1985	2000
094 Portland, OR	—	100	1,925	3,152	100	5,077	5,177	4,255	2007	1997
254 Red Oak, TX	—	1,427	17,173	540	1,427	17,713	19,140	6,095	2002	2012
197 Ripley, TN	—	20	985	1,638	20	2,623	2,643	1,544	2014	2000
324 San Antonio, TX	—	1,676	15,470	307	1,676	15,777	17,453	753	2018	2022
281 Slinger, WI	—	464	13,482	—	464	13,482	13,946	4,360	2014	2015
234 St. Petersburg, FL	—	1,070	7,930	500	1,070	8,430	9,500	3,094	1988	2010
243 Stephenville, TX	—	670	10,117	774	670	10,891	11,561	4,119	2009	2010
178 Tappahannock, VA	—	375	1,327	397	375	1,724	2,099	1,589	1978	1995


· · · · · · · · · · · Costs · · · · · · · · · · · · · · · · ·
· · · · · · · · · · · capitalized · · Gross amount at which carried at · · · · · · · ·
· · · · · Initial cost to company · · subsequent · · December 31, 2023 · · · · · · · ·
· · · · · · · · Building and · · to · · · · · Building and · · · · · Accum · · Construction/ · · Acquisition ·
· · Encumbrances · Land · · improvements · · acquisition · · Land · · improvements · · Total (1) · · deprec. · renovation date · date
270 Trinity, FL	$—	$1,653	$12,748	$—	$1,653	$12,748	$14,401	$4,177	2008	2013
192 Tucson, AZ	—	276	8,924	112	276	9,036	9,312	6,323	1992	2000
305 Union, KY	—	858	24,116	—	858	24,116	24,974	4,274	2019	2016
299 Weatherford, TX	—	836	11,902	610	836	12,512	13,348	4,463	1996	2015
323 Webster, TX	—	2,310	8,713	206	2,310	8,919	11,229	476	2018	2022
236 Wytheville, VA	—	647	12,167	—	647	12,167	12,814	5,611	1996	2010
Skilled Nursing Properties	$—	$53,212	$505,938	$37,668	$53,212	$543,606	$596,818	$192,217
Assisted Living Properties:
105 Arvada, CO	—	100	2,810	7,103	100	9,913	10,013	4,292	2014	1997
304 Athens, GA	—	1,056	13,326	175	1,056	13,501	14,557	2,807	2016	2016
063 Athens, TX	—	96	1,124	137	96	1,261	1,357	1,168	1995	1996
320 Auburn Hills, MI	—	1,964	4,577	1,151	1,964	5,728	7,692	1,428	1995	2019
269 Aurora, CO	—	850	8,583	114	850	8,697	9,547	2,789	2014	2013
260 Aurora, CO	—	831	10,071	327	831	10,398	11,229	3,130	1999	2012
277 Burr Ridge, IL	—	1,400	11,102	175	1,400	11,277	12,677	3,051	2016	2014
278 Castle Rock, CO	—	759	5,091	2	759	5,093	5,852	1,699	2012	2014
311 Cedarburg, WI	—	924	21,083	—	924	21,083	22,007	3,616	2019	2017
330 Centerville, OH	—	2,678	52,036	3	2,678	52,039	54,717	1,268	2019	2023
263 Chatham, NJ	—	5,365	36,399	587	5,365	36,986	42,351	11,044	2002	2012
307 Clovis, CA	—	2,542	19,126	—	2,542	19,126	21,668	3,572	2014	2017
308 Clovis, CA	—	3,054	14,172	—	3,054	14,172	17,226	2,545	2016	2017
279 Corpus Christi, TX	—	880	11,440	339	880	11,779	12,659	3,064	2016	2015
292 De Forest, WI	—	485	5,568	47	485	5,615	6,100	1,327	2006	2015
057 Dodge City, KS	—	84	1,666	36	84	1,702	1,786	1,199	1995	1995
083 Durant, OK	—	100	1,769	162	100	1,931	2,031	1,225	1997	1997
107 Edmond, OK	—	100	1,365	684	100	2,049	2,149	1,285	1996	1997
163 Ft. Collins, CO	—	100	2,961	3,705	100	6,666	6,766	3,378	2014	1999
170 Ft. Collins, CO	—	100	3,400	4,954	100	8,354	8,454	3,980	2014	1999
315 Ft. Worth, TX	—	1,534	11,099	98	1,534	11,197	12,731	1,745	2014	2018
100 Fremont ,OH	—	100	2,435	286	100	2,721	2,821	1,743	1997	1997
266 Frisco, TX	—	1,000	5,154	—	1,000	5,154	6,154	1,826	2014	2012
314 Frisco, TX	—	2,216	10,417	185	2,216	10,602	12,818	1,676	2015	2018
296 Glenview, IL	—	2,800	14,248	13	2,800	14,261	17,061	3,173	2017	2015
167 Goldsboro, NC	—	100	2,385	173	100	2,558	2,658	1,284	1998	1999
056 Great Bend, KS	—	80	1,570	73	80	1,643	1,723	1,285	1995	1995
102 Greeley, CO	—	100	2,310	646	100	2,956	3,056	1,785	1997	1997
284 Green Bay, WI	—	1,660	19,079	475	1,660	19,554	21,214	5,022	2004	2015
286 Greenfield, WI	—	818	8,014	232	818	8,246	9,064	1,980	2007	2015
164 Greenville, NC	—	100	2,478	203	100	2,681	2,781	1,503	1998	1999
062 Greenville, TX	—	42	1,196	126	42	1,322	1,364	1,183	1995	1996
295 Jacksonville, FL	—	1,389	5,235	1,056	1,389	6,291	7,680	3,068	2015	2015
066 Jacksonville, TX	—	100	1,433	107	100	1,540	1,640	1,412	1996	1996
310 Kansas City, MO	—	1,072	15,552	—	1,072	15,552	16,624	2,481	2017	2017
285 Kenosha, WI	—	936	12,361	498	936	12,859	13,795	2,981	2008	2015
255 Littleton, CO	—	1,882	8,248	101	1,882	8,349	10,231	2,406	2013	2012
268 Littleton, CO	—	1,200	8,688	106	1,200	8,794	9,994	2,897	2014	2013
148 Longmont, CO	—	100	2,640	99	100	2,739	2,839	1,720	1998	1998
060 Longview, TX	—	38	1,208	156	38	1,364	1,402	1,227	1995	1995
261 Louisville, CO	—	911	11,703	390	911	12,093	13,004	3,596	2000	2012


· · · · · · · · · · · Costs · · · · · · · · · · · · · · · ·
· · · · · · · · · · · capitalized · · Gross amount at which carried at · · · · · · ·
· · · · · Initial cost to company · · subsequent · · December 31, 2023 · · · · · · ·
· · · · · · · · · Building and · · to · · · · · Building and · · · · · Accum · · Construction/ · · Acquisition
· Encumbrances · Land · · improvements · acquisition · Land · improvements · Total (1) · deprec. · renovation date · date
114 Loveland, CO	$—	$100	$2,865	$360	$100	$3,225	$3,325	$2,081	1997	1997
068 Lufkin, TX	—	100	1,453	147	100	1,600	1,700	1,456	1996	1996
061 Marshall, TX	—	38	1,141	566	38	1,707	1,745	1,536	1995	1995
293 McHenry, IL	—	1,289	28,976	1,181	1,289	30,157	31,446	7,059	2005	2015
058 McPherson, KS	—	79	1,571	97	79	1,668	1,747	1,283	1994	1995
313 Medford, OR		636	17,816	—	636	17,816	18,452	2,441	2020	2018
316 Medford, OR	—	750	13,650	250	750	13,900	14,650	2,318	2005	2018
280 Murrells Inlet, SC	—	2,490	14,185	195	2,490	14,380	16,870	3,734	2016	2015
294 Murrieta, CA	—	2,022	11,136	33	2,022	11,169	13,191	2,905	2016	2015
289 Neenah, WI	—	694	20,839	251	694	21,090	21,784	4,857	1991	2015
166 New Bern, NC	—	100	2,427	181	100	2,608	2,708	1,318	1998	1999
118 Newark, OH	—	100	2,435	458	100	2,893	2,993	1,804	1997	1997
306 Oak Lawn, IL	—	1,591	13,772	64	1,591	13,836	15,427	2,759	2018	2016
302 Overland Park, KS	—	1,951	11,882	390	1,951	12,272	14,223	2,868	2013	2016
165 Rocky Mount, NC	—	100	2,494	380	100	2,874	2,974	1,458	1998	1999
059 Salina, KS	—	79	1,571	332	79	1,903	1,982	1,333	1994	1995
084 San Antonio, TX	—	100	1,900	66	100	1,966	2,066	1,293	1997	1997
092 San Antonio, TX	—	100	2,055	585	100	2,640	2,740	1,540	1997	1997
288 Sheboygan, WI	—	1,168	5,382	379	1,168	5,761	6,929	1,561	2006	2015
149 Shelby, NC	—	100	2,805	312	100	3,117	3,217	1,890	1998	1998
312 Spartanburg, SC	—	254	9,906	1,520	254	11,426	11,680	3,205	1999	2017
103 Springfield, OH	—	100	2,035	389	100	2,424	2,524	1,560	1997	1997
321 Sterling Heights, MI	—	1,133	11,487	1,133	1,133	12,620	13,753	2,208	1997	2019
098 Tiffin, OH	—	100	2,435	439	100	2,874	2,974	1,769	1997	1997
282 Tinley Park, IL	—	702	11,481	102	702	11,583	12,285	2,912	2016	2015
088 Troy, OH	—	100	2,435	877	100	3,312	3,412	2,076	1997	1997
080 Tulsa, OK	—	200	1,650	156	200	1,806	2,006	1,159	1997	1997
093 Tulsa, OK	—	100	2,395	47	100	2,442	2,542	1,617	1997	1997
075 Tyler, TX	—	100	1,800	469	100	2,269	2,369	1,291	1996	1996
091 Waco, TX	—	100	2,235	777	100	3,012	3,112	1,713	2021	1997
108 Watauga, TX	—	100	1,668	43	100	1,711	1,811	1,122	1996	1997
109 Weatherford, OK	—	100	1,669	703	100	2,372	2,472	1,522	1996	1997
309 West Chester, OH	—	2,355	13,553	253	2,355	13,806	16,161	2,674	2017	2017
276 Westminster, CO	—	1,425	9,575	111	1,425	9,686	11,111	2,928	2015	2013
110 Wheelersburg, OH	—	29	2,435	381	29	2,816	2,845	1,819	1997	1997
303 Wichita, KS	—	1,422	9,957	332	1,422	10,289	11,711	2,484	2011	2016
259 Wichita, KS	—	730	—	9,682	730	9,682	10,412	3,125	2013	2012
283 Wichita, KS	—	624	13,946	—	624	13,946	14,570	2,695	2016	2015
076 Wichita Falls, TX	—	100	1,850	147	100	1,997	2,097	1,297	1996	1996
120 Wichita Falls, TX	—	100	1,990	203	100	2,193	2,293	1,921	1997	1997
264 Williamstown, NJ	—	711	6,637	—	711	6,637	7,348	2,142	2000	2012
265 Williamstown, NJ	—	711	8,649	—	711	8,649	9,360	2,625	2000	2012
Assisted Living Properties	$—	$66,529	$655,265	$48,715	$66,529	$703,980	$770,509	$197,218


· · · · · · · · · · · Costs · · · · · · · · · · · · · · · ·
· · · · · · · · · · · capitalized · · Gross amount at which carried at · · · · · · ·
· · · · · Initial cost to company · · subsequent · · December 31, 2023 · · · · · · ·
· · · · · · · · Building and · · to · · · · · Building and · · · · · Accum · · Construction/ · · Acquisition
· Encumbrances · Land · improvements · acquisition · Land · improvements · Total (1) · deprec. · renovation date · date
Other:
Properties:
297 Las Vegas, NV	—	1,965	7,308	1,789	1,965	9,097	11,062		1,932	1990/1994	2015
Properties	—	1,965	7,308	1,789	1,965	9,097	11,062		1,932
Land:
271 Howell, MI	—	420	—	—	420	—	420		—	N/A	2013
272 Milford, MI	—	450	—	—	450	—	450		—	N/A	2014
275 Yale, MI	—	73	—	—	73	—	73		—	N/A	2013
Land	—	943	—	—	943	—	943		—
Other Properties	—	2,908	7,308	1,789	2,908	9,097	12,005		1,932
	$—	$122,649	$1,168,511	$88,172	$122,649	$1,256,683	$1,379,332	(2)	$391,367

(1)

Depreciation is computed principally by the straight-line method for financial reporting purposes which generally range of a life from 5 to 15 years for furniture and equipment, 35 to 50 years for buildings, 10 to 20 years for site improvements, 10 to 50 years for building improvements and the respective lease term for acquired lease intangibles.

(2)	As of December 31, 2023, our aggregate cost for Federal income tax purposes was $1,392,420 (unaudited).

Activity for the years ended December 31, 2023, 2022 and 2021 is as follows:


· · For the Year Ended December 31,
· · 2023 · · 2022 · · 2021
Reconciliation of real estate: · · · ·
Carrying cost:
Balance at beginning of period	$1,410,705	$1,408,557	$1,452,001
Acquisitions	54,714	51,817	—
Improvements	9,686	9,099	6,298
Capitalized interest	—	—	—
Cost of real estate sold	(79,998)	(55,346)	(49,742)
Impairment loss from real estate investments	(15,775)	(3,422)	—
Ending balance	$1,379,332	$1,410,705	$1,408,557
Accumulated depreciation:
Balance at beginning of period	$391,487	$374,606	$349,643
Depreciation expense	37,303	37,394	38,192
Cost of real estate sold	(37,423)	(20,513)	(13,229)
Ending balance	$391,367	$391,487	$374,606

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.