LTC Properties reports dip in first quarter net income

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LTC Properties reports dip in first quarter net income

By Staff Report / Thursday, May 10th, 2018 / Comments Off on LTC Properties reports dip in first quarter net income

Westlake Village-based real estate investment trust LTC Properties announced a slight drop in net income, attributing it to declines in rental income after it sold properties in 2017 and higher interest as it increased its borrowings. LTC, which specializes in senior housing properties, purchased a 112-bed skilled nursing center in Michigan during the quarter ended…

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