XML 31 R20.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Investment in Unconsolidated Joint Ventures (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2018
Investment in Unconsolidated Joint Ventures |
Summary of investments in unconsolidated joint ventures | The following table summarizes our investment in unconsolidated joint ventures (dollar amounts in thousands):
|  | Type |  | Type |  | Total |  |  | Currently |  |  | Number |  |  |  |
|  | of |  | of |  | Preferred |  |  | Paid in |  |  | of |  |  | Investment |
State |  | Properties |  | Investment |  | Return |  |  | Cash |  |  | Beds/ Units |  |  | Commitment |
Arizona |  | ALF/MC/ILF |  | Preferred Equity | (1) | 15 | % |  | 6 | % |  | 585 |  | $ | 25,650 |
Florida |  | UDP-ALF/IL/MC |  | Mezzanine | (2) | 15 | % |  | 10 | % |  | 99 |  |  | 2,900 |
Florida |  | UDP-ALF/MC |  | Mezzanine | (2) | 15 | % |  | 10 | % |  | 127 |  |  | 3,400 |
|  |  |  |  |  |  |  |  |  |  |  | 811 |  | $ | 31,950 |
| (1) |  | We have concluded that the JV is a VIE in accordance with GAAP. However, because we do not control the entity, nor do we have any role in the day-to-day management, we are not the primary beneficiary of the JV. Therefore, we account for the JV investment using the equity method.
| (2) |  | We evaluated these acquisition, development and construction (or ADC) arrangements and determined that the characteristics are similar to jointly-owned investments or partnerships, and accordingly, these investments are accounted for as unconsolidated joint ventures under the equity method of accounting instead of loan accounting.
Summary of capital contributions, income recognized and cash interest received from investments in unconsolidated joint ventures | The following table summarizes our capital contributions, income recognized and cash interest received related to our investments in unconsolidated joint ventures (in thousands):
|  | Three Months Ended March 31, |
Type |  | 2018 |  | 2017 |
of |  |  | Capital |  |  | Income |  |  | Cash Interest |  |  | Capital |  |  | Income |  |  | Cash Interest |
Properties |  |  | Contribution |  |  | Recognized |  |  | Received |  |  | Contribution |  |  | Recognized |  |  | Received |
ALF/MC/ILF |  | $ | 380 |  | $ | 429 |  | $ | 446 |  | $ | 914 |  | $ | 317 |  | $ | 302 |
UDP-ALF/IL/MC |  |  | — |  |  | 128 |  |  | 97 |  |  | — |  |  | 128 |  |  | 54 |
UDP-ALF/MC |  |  | — |  |  | 74 |  |  | — |  |  | — |  |  | — |  |  | — |
|  | $ | 380 |  | $ | 631 |  | $ | 543 |  | $ | 914 |  | $ | 445 |  | $ | 356 |

X
- Definition Tabular disclosure of the entity's capital contributions, income recognized and cash interest received related to investments in unconsolidated joint ventures. + References No definition available. + Details
Name: | ltc_ScheduleOfCapitalContributionsIncomeRecognizedAndCashInterestReceivedInvestmentsUnconsolidatedJointVentureTableTextBlock
Namespace Prefix: | ltc_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the entity's investment in unconsolidated joint ventures. + References No definition available. + Details
Name: | ltc_ScheduleOfInvestmentsUnconsolidatedJointVentureTableTextBlock
Namespace Prefix: | ltc_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_EquityMethodInvestmentsAndJointVenturesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration