Announced
Completed
Financials
Tags
Domestic
Single Bidder
health care properties
Real Estate Holding and Development
Majority
Friendly
United States
Acquisition
Private
Completed
Synopsis
LTC Properties, a real estate investment trust, completed the acquisition of four LuxeRehab centers located in Taxes, for $52m. “Our successful partnership with Ignite has been mutually beneficial, and we are excited to expand our relationship with them through the purchase of these four newer assets that reduce the average age of LTC’s portfolio. Ignite is known throughout the industry for its premier centers that focus heavily on successful clinical outcomes, coupled with top-notch hospitality and patient careO. We are deeply focused on growth this year, and plan to utilize our creativity and flexibility to identify new investment opportunities, from sale-leasebacks to structured finance deals, while attracting solid regional operators with whom we can grow,” Wendy Simpson, LTC Chairman and CEO.
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