XML 67 R13.htm IDEA: XBRL DOCUMENT
v2.4.0.6

Major Operators | 12 Months Ended
--- | ---
Dec. 31, 2012
Major Operators |
Major Operators | 3. Major Operators We have three operators from each of which we derive over 10% of our rental revenue and interest income from mortgage loans. In 2006, Extendicare Services, Inc. (or EHSI), one of our major operators, effected a reorganization whereby it completed a spin-off of Assisted Living Concepts, Inc. (or ALC). ALC is now a NYSE traded public company operating assisted living centers. The remaining EHSI assets and operations were converted into a Canadian REIT (or Extendicare REIT) listed on the Toronto Stock Exchange. On July 1, 2012, Extendicare REIT converted from an income trust structure to a corporate structure under a corporation named Extendicare, Inc. (or Extendicare). Both Extendicare and ALC continue to be parties to the leases with us. Extendicare and ALC, collectively lease 37 assisted living properties with a total of 1,430 units owned by us representing approximately 6.8% or $53,403,000, of our total assets at December 31, 2012 and 11.8% of rental revenue and interest income from mortgage loans recognized during the year ended December 31, 2012. Brookdale Senior Living Communities, Inc. (or Brookdale Communities) is a wholly owned subsidiary of a publicly traded company, Brookdale Senior Living, Inc. (or Brookdale). Brookdale Communities leases 35 assisted living properties with a total of 1,414 units owned by us representing approximately 6.8%, or $53,525,000, of our total assets at December 31, 2012 and 11.5% of rental revenue and interest income from mortgage loans recognized during the year ended December 31, 2012. Preferred Care, Inc. (or Preferred Care), through various wholly owned subsidiaries, operates 27 skilled nursing properties and two range of care properties that we own or on which we hold a mortgage secured by first trust deed. These properties consist of a total of 3,354 skilled nursing beds and 49 assisted living units. This represents approximately 6.7%, or $52,550,000, of our total assets at December 31, 2012 and 11.6% of rental revenue and interest income from mortgage loans recognized during the year ended December 31, 2012. They also operate one skilled nursing property under a sub-lease with another lessee we have which is not included in the Preferred Care rental revenue and interest income from mortgage loans. Our financial position and ability to make distributions may be adversely affected by financial difficulties experienced by Brookdale Communities, Extendicare, ALC, Preferred Care, or any of our lessees and borrowers, including any bankruptcies, inability to emerge from bankruptcy, insolvency or general downturn in business of any such operator, or in the event any such operator does not renew and/or extend its relationship with us or our borrowers when it expires.

X
- Details
Name: | ltc_MajorOperatorsDisclosureAbstract
Namespace Prefix: | ltc_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition External customer that is deemed major to the entity. + References No definition available. + Details
Name: | ltc_MajorOperatorTextBlock
Namespace Prefix: | ltc_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration