XML 47 R36.htm IDEA: XBRL DOCUMENT
v3.20.2

Real Estate Investments - Lease (Details) | 1 Months Ended | 3 Months Ended | 4 Months Ended | 6 Months Ended |
--- | --- | --- | --- | --- | ---
Jul. 31, 2020 USD ($) | Jun. 30, 2020 USD ($) property | Jun. 30, 2019 USD ($) | Jul. 31, 2020 USD ($) | Jun. 30, 2020 USD ($) property | Jun. 30, 2019 USD ($) | Dec. 31, 2019 USD ($)
Real estate investments |  |  |  |  |  |  |
Carrying value |  | $ 1,115,593,000 |  |  | $ 1,115,593,000 |  | $ 1,136,816,000
Income and Expenses, Lessor [Abstract] |  |  |  |  |  |  |
Base cash rental income |  | 33,336,000 | $ 33,019,000 |  | 66,351,000 | $ 66,933,000 |
Variable cash rental income |  | 4,155,000 | 4,077,000 |  | 8,437,000 | 8,562,000 |
Straight-Line Rent |  | 634,000 | 1,275,000 |  | 1,473,000 | 2,513,000 |
Change in straight-line rent receivable and lease incentives due to collectibility |  | (17,742,000) |  |  | (17,742,000) | (1,926,000) |
Amortization of Lease Incentives |  | (108,000) | (94,000) |  | (209,000) | (181,000) |
Total Rental Income |  | 20,275,000 | 38,277,000 |  | 58,310,000 | 75,901,000 |
Reimbursement Of Real Estate Tax Expense |  | 4,111,000 | 3,910,000 |  | 8,333,000 | 8,245,000 |
Contingent rental income |  | 44,000 | $ 167,000 |  | 104,000 | 317,000 |
Non-contingent lease incentives, Write off |  |  |  |  | 185,000 | $ (12,093,000) |
Rent deferral | $ 80,000 | $ 930,000 |  | $ 80,000 | $ 930,000 |  |
Rent deferral, as a percent of contractual rent |  | 2.00% |  |  | 2.00% |  |
Deferred rent received |  |  |  | 347,000 |  |  |
Remaining balance of deferred rent | 663,000 |  |  | $ 663,000 |  |  |
Purchase Option in Lease Arrangements |  |  |  |  |  |  |
Real estate investments |  |  |  |  |  |  |
Gross Investment |  | $ 150,704,000 |  |  | $ 150,704,000 |  |
Carrying value |  | 127,911,000 |  |  | $ 127,911,000 |  |
Senior Lifestyle Corporation |  |  |  |  |  |  |
Income and Expenses, Lessor [Abstract] |  |  |  |  |  |  |
Total Rental Income | $ 1,081,000 | 1,805,000 |  |  |  |  |
Non-contingent lease incentives, Write off |  | 185,000 |  |  |  |  |
Write-off of straight line rent receivable |  | $ 17,557,000 |  |  |  |  |
ALF | Purchase Option in Lease Arrangements | California |  |  |  |  |  |  |
Real estate investments |  |  |  |  |  |  |
Number of properties | property |  | 2 |  |  | 2 |  |
Gross Investment |  | $ 30,372,000 |  |  | $ 30,372,000 |  |
Carrying value |  | $ 17,082,000 |  |  | $ 17,082,000 |  |
ALF | Purchase Option in Lease Arrangements | California | Minimum |  |  |  |  |  |  |
Real estate investments |  |  |  |  |  |  |
Purchase option ending period |  |  |  |  | 24 months |  |
ALF | Purchase Option in Lease Arrangements | California | Maximum |  |  |  |  |  |  |
Real estate investments |  |  |  |  |  |  |
Purchase option ending period |  |  |  |  | 48 months |  |
MC | Purchase Option in Lease Arrangements | Florida |  |  |  |  |  |  |
Real estate investments |  |  |  |  |  |  |
Number of properties | property |  | 1 |  |  | 1 |  |
Gross Investment |  | $ 14,340,000 |  |  | $ 14,340,000 |  |
Carrying value |  | $ 12,720,000 |  |  | $ 12,720,000 |  |
MC | Purchase Option in Lease Arrangements | Ohio and Kentucky |  |  |  |  |  |  |
Real estate investments |  |  |  |  |  |  |
Number of properties | property |  | 2 |  |  | 2 |  |
Gross Investment |  | $ 30,152,000 |  |  | $ 30,152,000 |  |
Carrying value |  | $ 27,509,000 |  |  | $ 27,509,000 |  |
MC | Purchase Option in Lease Arrangements | Texas |  |  |  |  |  |  |
Real estate investments |  |  |  |  |  |  |
Number of properties | property |  | 2 |  |  | 2 |  |
Gross Investment |  | $ 25,265,000 |  |  | $ 25,265,000 |  |
Carrying value |  | $ 24,025,000 |  |  | $ 24,025,000 |  |
ALF and MC | Purchase Option in Lease Arrangements | California |  |  |  |  |  |  |
Real estate investments |  |  |  |  |  |  |
Number of properties | property |  | 2 |  |  | 2 |  |
Gross Investment |  | $ 38,895,000 |  |  | $ 38,895,000 |  |
Carrying value |  | $ 36,072,000 |  |  | $ 36,072,000 |  |
ALF and MC | Purchase Option in Lease Arrangements | South Carolina |  |  |  |  |  |  |
Real estate investments |  |  |  |  |  |  |
Number of properties | property |  | 1 |  |  | 1 |  |
Gross Investment |  | $ 11,680,000 |  |  | $ 11,680,000 |  |
Carrying value |  | $ 10,503,000 |  |  | $ 10,503,000 |  |
Real Estate Investment |  |  |  |  |  |  |
Real estate investments |  |  |  |  |  |  |
Number of properties | property |  | 158 |  |  | 158 |  |
Gross Investment |  | $ 1,445,691,000 |  |  | $ 1,445,691,000 |  |
Real Estate Investment | ALF |  |  |  |  |  |  |
Real estate investments |  |  |  |  |  |  |
Number of properties | property |  | 107 |  |  | 107 |  |
Gross Investment |  | $ 880,343,000 |  |  | $ 880,343,000 |  |

X
- Definition Amount of contingent rental income. + References No definition available. + Details
Name: | ltc_ContingentRentalIncome
Namespace Prefix: | ltc_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Percent of deferred lease income as a percentage of total contractual rent. + References No definition available. + Details
Name: | ltc_DeferredLeaseIncomeCurrentPercent
Namespace Prefix: | ltc_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition The amount of deferred lease rent to be received in the next 24 months or upon receipt of funds the U.S. Coronavirus Aid, Relief, and Economic Security (the "CARES Act"). + References No definition available. + Details
Name: | ltc_DeferredLeaseRentDueInNextTwoYearsOrUponReceiptOfFunds
Namespace Prefix: | ltc_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Period following the option window for ending date. + References No definition available. + Details
Name: | ltc_PurchaseOptionWindowEndingPeriod
Namespace Prefix: | ltc_
Data Type: | xbrli:durationItemType
Balance Type: | na
Period Type: | duration

X
- Definition Reimbursement of tax based on the assessed value of real estate by the local government. The tax is usually based on the value of property (including the land). + References No definition available. + Details
Name: | ltc_ReimbursementOfRealEstateTaxExpense
Namespace Prefix: | ltc_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount of straight line rent receivable written off. + References No definition available. + Details
Name: | ltc_StraightLineRentReceivablesWriteOff
Namespace Prefix: | ltc_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Amount of write-off of non-contingent lease incentives. + References No definition available. + Details
Name: | ltc_WriteOffOfNonContingentLeaseIncentives
Namespace Prefix: | ltc_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Amount of amortization of lease incentive costs incurred by the lessor for the benefit of the lessee. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 20 -Section 25 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=77902458&loc=d3e40010-112707 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 20 -Section 25 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=77902458&loc=d3e40019-112707 + Details
Name: | us-gaap_AmortizationOfLeaseIncentives
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Amount of deferred lease income, classified as noncurrent. Includes, but is not limited to, amount paid in advance by lessee. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.26) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
Name: | us-gaap_DeferredRevenueLeasesCurrent
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

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

X
- Definition The number of real estate properties owned as of the balance sheet date. + References No definition available. + Details
Name: | us-gaap_NumberOfRealEstateProperties
Namespace Prefix: | us-gaap_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | instant

X
- Definition Amount of operating lease income from lease payments and variable lease payments paid and payable to lessor. Includes, but is not limited to, variable lease payments not included in measurement of lease receivable. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 30 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=119202524&loc=SL77919372-209981 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 30 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=77888421&loc=SL77919311-209978 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 6A -URI http://asc.fasb.org/extlink&oid=118952077&loc=SL77927221-108306 + Details
Name: | us-gaap_OperatingLeaseLeaseIncome
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount of operating lease income from lease payments paid and payable to lessor. Excludes variable lease payments not included in measurement of lease receivable. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 6A -URI http://asc.fasb.org/extlink&oid=118952077&loc=SL77927221-108306 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 30 -Section 50 -Paragraph 5 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=119202524&loc=SL77919372-209981 + Details
Name: | us-gaap_OperatingLeaseLeaseIncomeLeasePayments
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount of operating lease income from variable lease payments paid and payable to lessor, excluding amount included in measurement of lease receivable. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 6A -URI http://asc.fasb.org/extlink&oid=118952077&loc=SL77927221-108306 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 30 -Section 50 -Paragraph 5 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=119202524&loc=SL77919372-209981 + Details
Name: | us-gaap_OperatingLeaseVariableLeaseIncome
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The cash inflow associated with the collection of receivables arising from the lease of real estate, equipment or other fixed assets for a specified time in exchange for payment, usually in the form of rent; excludes proceeds from sales-type lease transactions, which are classified as operating activities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 12 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3179-108585 + Details
Name: | us-gaap_ProceedsFromCollectionOfLeaseReceivables
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Amount of expense related loan transactions, lease transactions, credit loss from transactions other than loan and lease transactions, and other loss based on assessment of uncollectability from the counterparty to reduce the account to their net realizable value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11B -Subparagraph (c)(2) -URI http://asc.fasb.org/extlink&oid=118936363&loc=SL6953423-111524 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04.11) -URI http://asc.fasb.org/extlink&oid=116637391&loc=SL114874048-224260 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3602-108585 + Details
Name: | us-gaap_ProvisionForLoanLeaseAndOtherLosses
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Amount of real estate investment property which may include the following: (1) land available-for-sale; (2) land available-for-development; (3) investments in building and building improvements; (4) tenant allowances; (5) developments in-process; (6) rental properties; and (7) other real estate investments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03.1(d)) -URI http://asc.fasb.org/extlink&oid=119400593&loc=d3e572229-122910 + Details
Name: | us-gaap_RealEstateInvestmentPropertyAtCost
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Amount of real estate investment property, net of accumulated depreciation, which may include the following: (1) land available-for-sale; (2) land available-for-development; (3) investments in building and building improvements; (4) tenant allowances; (5) developments in-process; (6) rental properties; and (7) other real estate investments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03.1(d)) -URI http://asc.fasb.org/extlink&oid=119400593&loc=d3e572229-122910 + Details
Name: | us-gaap_RealEstateInvestmentPropertyNet
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_RealEstatePropertiesLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Difference between actual rental income due and rental income recognized on a straight-line basis. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3602-108585 + Details
Name: | us-gaap_StraightLineRent
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Details
Name: | us-gaap_TypeOfArrangementAxis=ltc_PurchaseOptionInLeaseArrangementsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_CounterpartyNameAxis=ltc_SeniorLifestyleMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis=ltc_AssistedLivingPropertiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_StatementGeographicalAxis=stpr_CA
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_RangeAxis=srt_MinimumMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_RangeAxis=srt_MaximumMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis=ltc_MemoryCarePropertyMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_StatementGeographicalAxis=stpr_FL
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_StatementGeographicalAxis=ltc_OhioAndKentuckyMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_StatementGeographicalAxis=stpr_TX
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis=ltc_AssistedLivingAndMemoryCarePropertiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_StatementGeographicalAxis=stpr_SC
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_InvestmentTypeAxis=us-gaap_RealEstateInvestmentMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |