LTC completes $142M acquisition

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LTC Properties Inc. has closed on the previously announced $142 million acquisition of a 10-property portfolio providing independent, assisted living and memory care services.

The purchase represents a total of 891 units. Nine of the properties are located in Wisconsin, and one is located in Illinois.

The purchase was funded using the Westlake Village, Calif., real estate investment trust's revolving credit facility.

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