{"id":868463,"date":"2025-07-10T09:33:05","date_gmt":"2025-07-10T13:33:05","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/ltc-operator-files-for-bankruptcy\/"},"modified":"2025-07-10T09:33:05","modified_gmt":"2025-07-10T13:33:05","slug":"ltc-operator-files-for-bankruptcy","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/ltc-operator-files-for-bankruptcy\/","title":{"rendered":"LTC Operator Files for Bankruptcy"},"content":{"rendered":"

<\/p>\n

LTC Operator Files for Bankruptcy<\/b><\/p>\n

WESTLAKE VILLAGE, Calif.–(BUSINESS WIRE<\/a>)–LTC Properties Inc. (NYSE: LTC) (\u201cLTC\u201d or the \u201cCompany\u201d)<\/b>, a real estate investment trust that primarily invests in seniors housing and health care properties, learned yesterday that Genesis Healthcare, Inc. (\u201cGenesis\u201d) filed for Chapter 11 bankruptcy.<\/p>\n

\nAffiliates of Genesis lease six skilled nursing centers in New Mexico (five) and Alabama (one) with a total of 782 beds under a master lease with LTC. The master lease matures on April 30, 2026 and provides three 5-year renewal options. On June 3, 2025, LTC received Genesis\u2019 written notice of its exercise of a 5-year extension option, which would extend the term of the lease to April 30, 2031. Annualized revenue and annualized contractual cash revenue from Genesis were $8.4 million and $9.5 million, respectively, representing 4.5% and 5.1% of LTC\u2019s annualized revenue and annualized contractual cash revenue, respectively, as of March 31, 2025. Genesis has paid their contractual rent through July 2025. LTC holds $4.7 million of security from Genesis as required by the master lease in a letter of credit.<\/p>\n

About LTC Properties<\/b><\/p>\n

\nLTC is a real estate investment trust (REIT) focused on seniors housing and health care properties, investing through RIDEA, triple-net leases, joint ventures, and structured finance solutions. The Company\u2019s portfolio includes nearly 200 properties across approximately 25 states, operated by 25+ partners. Based on gross real estate investments, assets are evenly balanced between seniors housing and skilled nursing centers. Learn more at www.LTCreit.com<\/a>.<\/p>\n

Forward Looking Statements<\/b><\/p>\n

\nThis press release includes statements that are not purely historical and are \u201cforward-looking statements\u201d 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\u2019s 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 involve a number of 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\u2019s 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\u2011looking statements due to the risks and uncertainties of such statements.<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20250710814492\/en\/<\/a><\/span><\/p>\n

\nFor more information contact:
\n
Mandi Hogan
\n
(805) 981-8655<\/p>\n

KEYWORDS:<\/b> California United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> REIT Hospitals Health Construction & Property Nursing<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

LTC Operator Files for Bankruptcy WESTLAKE VILLAGE, Calif.–(BUSINESS WIRE)–LTC Properties Inc. (NYSE: LTC) (\u201cLTC\u201d or the \u201cCompany\u201d), a real estate investment trust that primarily invests in seniors housing and health care properties, learned yesterday that Genesis Healthcare, Inc. (\u201cGenesis\u201d) filed for Chapter 11 bankruptcy. Affiliates of Genesis lease six skilled nursing centers in New Mexico (five) and Alabama (one) with a total of 782 beds under a master lease with LTC. The master lease matures on April 30, 2026 and provides three 5-year renewal options. On June 3, 2025, LTC received Genesis\u2019 written notice of its exercise of a 5-year extension option, which would extend the term of the lease to April 30, 2031. Annualized revenue and annualized contractual cash … <\/p>\n

Continue reading “LTC Operator Files for Bankruptcy”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-868463","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nLTC Operator Files for Bankruptcy - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/ltc-operator-files-for-bankruptcy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"LTC Operator Files for Bankruptcy - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"LTC Operator Files for Bankruptcy WESTLAKE VILLAGE, Calif.–(BUSINESS WIRE)–LTC Properties Inc. (NYSE: LTC) (\u201cLTC\u201d or the \u201cCompany\u201d), a real estate investment trust that primarily invests in seniors housing and health care properties, learned yesterday that Genesis Healthcare, Inc. (\u201cGenesis\u201d) filed for Chapter 11 bankruptcy. Affiliates of Genesis lease six skilled nursing centers in New Mexico (five) and Alabama (one) with a total of 782 beds under a master lease with LTC. The master lease matures on April 30, 2026 and provides three 5-year renewal options. On June 3, 2025, LTC received Genesis\u2019 written notice of its exercise of a 5-year extension option, which would extend the term of the lease to April 30, 2031. 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