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Ventura County Review

LTC Properties Tells of $15.5 Million in Deals

September 14, 1993|JACK SEARLES

LTC Properties Inc., an Oxnard real estate investment trust that concentrates on health-care-related properties, has closed $15.5 million in new transactions.

The deals include the purchase of a 103-bed nursing home in Florida for $3.3 million and mortgage loans made by LTC totaling $12.2 million. The loans are secured by four long-term care facilities.

Andre C. Dimitriadis, chairman and chief executive, said LTC expects to close deals totaling another $20 million in the next few months.

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