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LTC expands relationship with Thrive Senior Living

Jul. 08, 2016 9:55 AM ETLTC Properties, Inc. (LTC) StockBy: Gaurav Batavia, SA News Editor3 Comments
  • LTC Properties (NYSE:LTC) acquired a 70-unit assisted living and memory care community near Athens, Georgia for $14.3M.
  • Property has been added to an existing master lease with an affiliate of Thrive Senior Living at an incremental cash yield of 8%.
  • The purpose-built, private-pay community has 90 licensed beds and is comprised of 50 assisted living units and 20 dedicated memory care units.
  • Georgia property takes LTC partnership with Thrive to three communities. Two more projects are expected to open by year end.

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