LTC Properties, Inc. Enters $23 million Joint Venture with Tealwood Senior Living and Tukka Properties
January 02, 2018
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LTC Properties Inc. announced it entered into a real estate joint-venture relationship with affiliates of Tealwood Senior Living and developer Tukka Properties to acquire a land parcel and develop Hamilton House, a $23 million, 110-unit independent living, assisted living and memory care campus in Cedarburg, Wisconsin. Construction is slated to start prior to 2018, with a planned opening date of spring 2019. Upon completion, the community will be operated by an affiliate of Tealwood Senior Living under a triple-net lease with the joint-venture. This deal marks a new relationship between Tealwood and LTC, and is LTC’s first joint venture using this model.
LTC Properties, Inc. is a real estate investment trust (REIT). The Company invests in seniors housing and health care properties through sale-leasebacks, mortgage financing, joint ventures, construction financing and structured finance solutions including preferred equity, and mezzanine lending. It invests in various properties, including skilled nursing centers (SNF), which provides restorative, rehabilitative and nursing care; Assisted living facilities (ALF), which serves people who require assistance with activities of daily living; Independent living facilities (ILF), also known as retirement communities or senior apartments, offers a community and numerous levels of service, such as laundry, housekeeping, dining options/meal plans, exercise and wellness programs, transportation, social, cultural and recreational activities, on-site security, and others, and Memory care facilities (MC), offers specialized options for people with Alzheimerâs disease and other forms of dementia.
LTC PROPERTIES, INC. 
