LTC Properties completed the acquisition of four LuxeRehab centers for $52m.

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.