LTC Acquires Newly Constructed Skilled Nursing Center in Texas

$16.0 Million Acquisition in Dallas-Fort Worth with Existing
Operating Partner, Fundamental

WESTLAKE VILLAGE, Calif.–(BUSINESS WIRE)–LTC Properties, Inc. (NYSE:LTC), a real estate investment trust that
primarily invests in seniors housing and health care properties,
announced today that it has acquired a skilled nursing center in the
Dallas-Fort Worth metropolitan area for $16.0 million.

The newly constructed property, which opened in mid-2015, comprises 126
licensed beds, and has been added to an existing master lease with an
affiliate of Fundamental Administrative Services, LLC (“Fundamental”) at
an incremental initial cash yield of 8.5%. Rent will escalate annually
by 2.5%.

“After a highly successful 2015, the acquisition of this skilled nursing
center continues our forward momentum. We are delighted to expand our
close relationship with Fundamental, who provided us with the
opportunity to make our first stand-alone behavioral health care
investment, late last year,” said Wendy Simpson, LTC’s Chairman and
Chief Executive Officer. “LTC’s attractive cost of capital and balance
sheet strength position us to continue capitalizing on strategic
opportunities as they arise.”

About LTC Properties

LTC is a self-administered real estate investment trust that primarily
invests in seniors housing and health care properties through triple-net
lease transactions, mortgage loans and other investments. For more
information on LTC Properties, Inc., visit the Company’s website at

Forward Looking Statements

This press release includes statements that are not purely historical
and are “forward looking statements” within the meaning of Section 27A
of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended, including statements
regarding the Company’s expectations, beliefs, intentions or strategies
regarding the future. All statements other than historical facts
contained in this press release are forward looking statements. These
forward looking statements, include, but are not limited to, LTC being
able to continue capitalizing on strategic opportunities as a result of
its attractive cost of capital and balance sheet strength. Please see
the most recent Annual Report on Form 10-K, the subsequent Quarterly
Reports on Form 10-Q, and other publicly available filings with the
Securities and Exchange Commission for a discussion of these and other
risks and uncertainties. All forward looking statements included in this
press release are based on information available to the Company on the
date hereof, and the Company assumes no obligation to update such
forward looking statements. Although the Company’s management believes
that the assumptions and expectations reflected in such forward looking
statements are reasonable, no assurance can be given that such
expectations will prove to have been correct. The actual results
achieved by the Company may differ materially from any forward looking
statements due to the risks and uncertainties of such statements.


LTC Properties, Inc.
Wendy Simpson
Pam Kessler