WESTLAKE VILLAGE, Calif. — LTC Properties Inc. has completed the acquisition of a portfolio of senior living communities located in Wisconsin for $195 million.
Totaling 520 independent living, assisted living and memory care units, the portfolio includes Hamilton House Senior Living in Cedarburg; Eagle Point Senior Living in Appleton; Kettle Park Senior Living in Stoughton; Reena Senior Living in Fort Atkinson; and Cardinal View Senior Living in Middleton. Together, the communities have an average age of six years.
LTC funded the senior housing operating portfolio (SHOP) acquisition with a line of credit, proceeds from previous property sales and loan payoffs that occurred during the second half of 2025 and proceeds from sales of common stock under the company’s ATM (at-the-market) program.
Lifespark, which has managed the communities since 2021, will continue to operate the properties on behalf of LTC.
“We are continuing to deliver on our commitment of strong external growth and portfolio diversification, while enhancing our ability to further transform our business through SHOP,” says Clint Malin, co-CEO of LTC. “We are honored to work with Lifespark as their first-ever REIT partner. Their visionary approach to seniors housing aligns well with our own, as we work to help shape the future of our industry.”
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