- 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.