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LTC Takes Majority Stake in Florida Nursing Homes in $62 Million Deal

California REIT Acquires Controlling Interest in Three Facilities From PruittHealth
LTC Properties acquired a majority stake in this Fleming Island, Florida, nursing home and two other Florida senior housing facilities in a $62 million deal. (Lori Smith/CoStar)
LTC Properties acquired a majority stake in this Fleming Island, Florida, nursing home and two other Florida senior housing facilities in a $62 million deal. (Lori Smith/CoStar)
CoStar News
September 26, 2022 | 8:18 P.M.

LTC Properties has become the majority owner of a portfolio of three skilled nursing homes in northern Florida for $62 million and contracted with the seller to continue operating the facilities amid surging demand from residents for senior housing space.

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