January 3, 2018 / 11:06 AM / 6 months ago

BRIEF-LTC Enters $23 Million Joint Venture With New Partners

Jan 3 (Reuters) - Ltc Properties Inc:

* LTC ENTERS $23 MILLION JOINT VENTURE WITH NEW PARTNERS

* LTC PROPERTIES INC - ‍ ENTERED A REAL ESTATE JOINT-VENTURE RELATIONSHIP WITH AFFILIATES OF TEALWOOD SENIOR LIVING AND DEVELOPER TUKKA PROPERTIES​

* LTC PROPERTIES INC - CONSTRUCTION IS SLATED TO START PRIOR TO 2018, WITH A PLANNED OPENING DATE OF SPRING 2019

* LTC PROPERTIES INC - ‍UPON COMPLETION, COMMUNITY WILL BE OPERATED BY AN AFFILIATE OF TEALWOOD SENIOR LIVING UNDER A TRIPLE-NET LEASE WITH JOINT-VENTURE​ Source text for Eikon: Further company coverage:

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