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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2012
Dec. 31, 2011
Real estate investments:    
Land $ 75,407 $ 57,369
Buildings and improvements 824,688 664,758
Accumulated depreciation and amortization (198,548) (176,546)
Net operating real estate property 701,547 545,581
Properties held-for-sale, net of accumulated depreciation and amortization: 2012-$0; 2011-$1,650   1,254
Net real estate property 701,547 546,835
Mortgage loans receivable, net of allowance for doubtful accounts: 2012-$782; 2011-$921 39,299 53,081
Real estate investments, net 740,846 599,916
Other assets:    
Cash and cash equivalents 7,191 4,408
Debt issue costs, net 3,040 2,301
Interest receivable 789 1,494
Straight-line rent receivable, net of allowance for doubtful accounts: 2012-$1,557; 2011-$1,519 26,998 [1] 23,772 [1]
Prepaid expenses and other assets 7,548 7,904
Notes receivable 3,180 817
Marketable securities   6,485 [2]
Total assets 789,592 647,097
LIABILITIES    
Bank borrowings 115,500 56,000
Senior unsecured notes 185,800 100,000
Bonds payable 2,635 3,200
Accrued interest 3,279 1,356
Earn-out liabilities 6,744 6,305
Accrued expenses and other liabilities 12,526 11,440
Accrued expenses and other liabilities related to properties held-for-sale   86
Total liabilities 326,484 178,387
Stockholders' equity:    
Preferred stock $0.01 par value; 15,000 shares authorized; shares issued and outstanding: 2012-2,000; 2011-2,000 38,500 38,500
Common stock: $0.01 par value; 60,000 shares authorized; shares issued and outstanding: 2012-30,544; 2011-30,346 305 [3] 303 [3]
Capital in excess of par value 510,236 507,343
Cumulative net income 724,033 672,743
Accumulated other comprehensive income 152 199
Cumulative distributions (810,125) (752,340)
Total LTC Properties, Inc. stockholders' equity 463,101 466,748
Non-controlling interests 7 1,962
Total equity 463,108 468,710
Total liabilities and equity $ 789,592 $ 647,097
[1] On December 31, 2012 and 2011, we had $3,191 and $3,060 respectively, in straight-line rent receivable from a lessee that qualifies as a related party because the lessee's Chief Executive Officer is on our Board of Directors. See Note 12. Transactions with Related Party for further discussion.
[2] At December 31, 2011, we had a $6,500 face value investment in marketable securities issued by an entity that qualifies as a related party because the entity's Chief Executive Officer is on our Board of Directors. See Note 12. Transactions with Related Party for further discussion.
[3] During 2012, our charter was amended to increase the number of authorized shares of common stock from 45,000 to 60,000 shares. The charter amendment was approved by our stockholders at the 2012 annual meeting of stockholder held on May 22, 2012.