LTC buys Michigan and Texas properties for $33 million

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LTC buys Michigan and Texas properties for $33 million

By Staff Report / Tuesday, January 21st, 2020 / Comments Off on LTC buys Michigan and Texas properties for $33 million

Westlake Village-based LTC Properties announced Jan. 21 that it acquired three properties in Michigan and Texas for $33 million. LTC bought two properties in Auburn Hills and Sterling Heights, Mich., for $19 million. The properties, managed by Randall Residence, have 156 assisted living and memory care units. Those properties come with a 10-year triple net…

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