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<SEC-DOCUMENT>0001157523-06-000992.txt : 20060202
<SEC-HEADER>0001157523-06-000992.hdr.sgml : 20060202
<ACCEPTANCE-DATETIME>20060202093025
ACCESSION NUMBER:		0001157523-06-000992
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20060202
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20060202
DATE AS OF CHANGE:		20060202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			LTC PROPERTIES INC
		CENTRAL INDEX KEY:			0000887905
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE INVESTMENT TRUSTS [6798]
		IRS NUMBER:				710720518
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-11314
		FILM NUMBER:		06571715

	BUSINESS ADDRESS:	
		STREET 1:		31365 OAK CREST DRIVE
		STREET 2:		SUITE 200
		CITY:			WESTLAKE VILLIAGE
		STATE:			CA
		ZIP:			91361
		BUSINESS PHONE:		805-981-8655

	MAIL ADDRESS:	
		STREET 1:		31365 OAK CREST DRIVE
		STREET 2:		SUITE 200
		CITY:			WESTLAKE VILLIAGE
		STATE:			CA
		ZIP:			91361
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>a5070324.txt
<DESCRIPTION>LTC PROPERTIES
<TEXT>

================================================================================

                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20459
                                   __________

                                    FORM 8-K

                 CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D)
                     OF THE SECURITIES EXCHANGE ACT OF 1934



                        Date of report: February 2, 2006
                        (Date of earliest event reported)



                              LTC PROPERTIES, INC.
             (Exact name of Registrant as specified in its charter)


            Maryland                 1-11314                 71-0720518
 (State or other jurisdiction of   (Commission            (I.R.S. Employer
  incorporation or organization)   file number)          Identification No.)



                        31365 Oak Crest Drive, Suite 200
                           Westlake Village, CA 91361
                    (Address of principal executive offices)


                                 (805) 981-8655
              (Registrant's telephone number, including area code)


Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR
    230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
    240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
    Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
    Act (17 CFR 240.13e-4(c))

================================================================================

<PAGE>


Item 8.01. -- Other Events

On February 2, 2006, LTC Properties, Inc. announced that it had sold for $58.5
million, four assisted living properties containing 431 units to an entity
formed by the principals of Sunwest Management, Inc. ("Sunwest"). The properties
were originally acquired by LTC in 1998 for $32.7 million, had a net book value
after depreciation of $26.5 million and were leased to HFJ, LLC, a Sunwest
managed entity, under a master lease that provided annual rental income of
approximately $4.1 million. A copy of the press release is furnished as Exhibit
99.1 to this Form 8-K and is incorporated herein by reference. Such information
shall not be deemed "filed" for the purposes of Section 18 of the Securities
Exchange Act of 1934, as amended, and is not incorporated by reference into any
filing of the company, whether made before or after the date hereof, regardless
of any general incorporation language in such filing.


Item 9.01. -- Financial Statements and Exhibits

(a) Financial Statements of Business Acquired.

None.

(b) Pro Forma Financial Information

None.

(c) Exhibits.

99.1     Press Release issued February 2, 2006.



                                    SIGNATURE


Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange
Act of 1934, the Registrant has duly caused this report to be signed on its
behalf by the undersigned, hereunto duly authorized.


                                           LTC PROPERTIES, INC.



Dated: February 2, 2006                    By: /s/ WENDY L. SIMPSON
                                               --------------------
                                               Wendy L. Simpson
                                               President, COO, CFO and Treasurer

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>a5070324ex99-1.txt
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
                                                                    Exhibit 99.1

                  LTC Announces Sale of Four Assisted
  Living Properties for $58,500,000 and Fourth Quarter 2005 Earnings
                   Release Date and Conference Call

   WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Feb. 2, 2006--LTC
Properties, Inc. (NYSE:LTC) announced today that it had sold for $58.5
million, four assisted living properties containing 431 units to an
entity formed by the principals of Sunwest Management, Inc.
("Sunwest"). The properties were originally acquired by LTC in 1998
for $32.7 million, had a net book value after depreciation of $26.5
million and were leased to HFJ, LLC, a Sunwest managed entity, under a
master lease that provided annual rental income of approximately $4.1
million.
   LTC received approximately $54.6 million in proceeds after paying
certain transaction costs and $3.8 million of 8.75% State of Oregon
bond obligations related to one of the sold properties. LTC further
disclosed that the gain on the sale is approximately $32.0 million and
stated that it plans to redeploy these funds by paying down debt and
using the balance to fund renovations and expansions of existing
properties as well as make new investments.
   LTC also stated that it would be announcing results for the year
ended December 31, 2005, on Tuesday, February 7, 2006 and would have a
conference call at 1:00 PM Pacific Time on Tuesday, February 7, 2006,
and will comment on this transaction as well as the results for 2005
during that call. The conference call is accessible by dialing
866-202-3048, passcode 40260459. The earnings release and any
additional financial information that may be discussed on the
conference call will also be available on our website. An audio replay
of the conference call will be available from 2:00 PM Pacific time on
February 7, 2006 through February 14, 2006. Callers can access the
replay by dialing 888-286-8010 and entering conference ID number
48550378. Webcast replays will also be available on our website.
   The Company is a self-administered real estate investment trust
that primarily invests in long-term care and other health care related
facilities through mortgage loans, facility lease transactions and
other investments. For more information on LTC Properties, Inc., visit
the Company's website at www.ltcproperties.com.



    CONTACT: LTC Properties, Inc.
             Andre C. Dimitriadis or Wendy L. Simpson, 805-981-8655

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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