XML 46 R31.htm IDEA: XBRL DOCUMENT
v3.22.4

Real Estate Investments (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2022
Real Estate Investments |
Schedule of future minimum base rents receivable | Future minimum base rents receivable under the remaining non-cancelable terms of operating leases excluding the effects of straight-line rent, amortization of lease incentives and renewal options are as follows (in thousands):
​ | ​ | ​ | ​ | ​
​ |  | Cash |
​ | ​ | Rent (1) |
2023 | ​ | $ | 120,817 | ​
2024 | ​ |  | 113,003 | ​
2025 | ​ |  | 103,690 | ​
2026 | ​ |  | 71,044 | ​
2027 | ​ |  | 67,087 | ​
Thereafter | ​ |  | 200,663 | ​
(1) | Represents contractual cash rent, except for certain master leases which are based on estimated cash. Includes rent from subsequent acquisitions and excludes rent from subsequent dispositions. See Note 16. Subsequent Events for more information.
Summary of components of our rental income | The following table summarizes components of our rental income for the years ended December 31, 2022, 2021 and 2020 (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | December 31, | ​
Rental Income | ​ | 2022 | ​ | ​ | 2021 | ​ | ​ | 2020 | ​
Base cash rental income | $ | 115,230 | (1) | $ | 107,692 | (2) | $ | 132,789 | ​
Variable cash rental income | ​ | 15,516 | (3) | ​ | 14,332 | (3) | ​ | 15,167 | (3)
Straight-line rent | ​ | (1,369) | (4) | ​ | 467 | (5) | ​ | 1,778 | ​
Adjustment for collectability of lease incentives and rental income | ​ | (256) | (6) | ​ | (758) | (6) | ​ | (23,214) | (6)
Amortization of lease incentives | ​ | (877) | ​ | ​ | (608) | ​ | ​ | (426) | ​
Total | $ | 128,244 | ​ | $ | 121,125 | ​ | $ | 126,094 | ​
(1) | Increased primarily due to rent received from transitioned portfolios, rental income from acquisitions, completed development projects, annual rent escalations, and lease termination fee income of $1,181 received in connection with the sale of a 74-unit ALF partially offset by decreased rent from the sold properties.
​
(2) | Decreased primarily due to defaults of payments for lease obligations from Senior Lifestyle and Senior Care, abated and deferred rent and reduced rent from a sold property. This decrease was partially offset by increased rent from re-leasing 18 properties previously leased to Senior Lifestyle, completion of development projects and contractual rent increases.
​
(3) | The variable cash rental income for the years ended December 31, 2022, 2021 and 2020 primarily includes reimbursement of real estate taxes by our lessees.
​
(4) | Decreased primarily due to a deferred rent repayment, normal amortization and the impact of the 50% reduction of 2021 rent escalations for those leases accounted for on a straight-line basis.
​
(5) | Decreased due to more leases accounted for on a cash basis, normal amortization and the impact of the 50% reduction of 2021 rent escalations for those leases accounted for on a straight-line basis.
​
(6) | Represents straight-line rent receivable and lease incentives write-offs.
Summary of information about purchase options included in our lease agreements | Some of our lease agreements provide purchase options allowing the lessees to purchase the properties they currently lease from us. The following table summarizes information about purchase options included in our lease agreements (dollar amount in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Type | ​ | Number | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | of | ​ | of | ​ | ​ | Gross | ​ | ​ | Carrying | ​ | Option | ​
State | ​ | Property | ​ | Properties | ​ | ​ | Investments | ​ | ​ | Value | ​ | Window | ​
California | ​ | ALF/MC | ​ | 2 | ​ | $ | 38,895 | ​ | $ | 33,719 | ​ | 2023-2029 | ​
Florida | ​ | MC | ​ | 1 | ​ | ​ | 15,201 | ​ | ​ | 12,500 | ​ | 2029 | ​
Florida | ​ | SNF | ​ | 3 | ​ | ​ | 76,767 | ​ | ​ | 75,999 | ​ | 2025-2027 | (1)
Nebraska | ​ | ALF | ​ | 3 | ​ | ​ | 7,633 | ​ | ​ | 2,948 | ​ | TBD | (2)
South Carolina | ​ | ALF/MC | ​ | 1 | ​ | ​ | 11,680 | ​ | ​ | 9,052 | ​ | 2029 | ​
Texas | ​ | SNF | ​ | 4 | ​ | ​ | 51,837 | ​ | ​ | 50,848 | ​ | 2027-2029 | (3)
Total | ​ | ​ | ​ | ​ | ​ | $ | 202,013 | ​ | $ | 185,066 | ​ | ​ | ​
(1) | During 2022, we entered into a joint venture to purchase three SNFs. For more information regarding this transaction, see Financing Receivable below.
​
(2) | Subject to the properties achieving certain coverage ratios.
​
(3) | During 2022, we purchased four SNFs and leased these properties under a 10-year lease with an existing operator. The lease allows the operator to elect either an earn-out payment or purchase option. If neither is elected within the timeframe defined in the lease, both elections are terminated. For more information regarding the earn-out see Note 11 Commitments and Contingencies.
Schedule of properties held-for-sale |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Type | ​ | Number | ​ | Number | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | of | ​ | of | ​ | of | ​ | ​ | Gross | ​ | ​ | Accumulated | ​
State (1) | ​ | Property | ​ | Properties | ​ | Beds/units | ​ | ​ | Investment | ​ | ​ | Depreciation | ​
KY | ​ | ALF | ​ | 1 | ​ | 60 | ​ | $ | 13,015 | ​ | $ | 2,305 | ​
(1) | During 2022, we recorded an impairment loss of $1,286 to write-down the carrying value of the community to its anticipated selling price.
Summary of acquisitions | Acquisitions. The following table summarizes our acquisitions for the years ended December 31, 2022 through 2020 (dollar amounts in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Total | ​ | Number | ​ | Number
​ | ​ | ​ | ​ | Purchase | ​ | Transaction | ​ | Acquisition | ​ | of | ​ | of
Year | ​ | Type of Property | ​ | Price | ​ | Costs | ​ | Costs | ​ | Properties | ​ | Beds/Units
2022 (1) | ​ | SNF | ​ | $ | 51,534 | ​ | $ | 283 | ​ | $ | 51,817 | ​ | 4 | ​ | 339
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
2021 | ​ | n/a | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | — | ​ | —
(1) | The properties are located in Texas and are leased to an affiliate of an existing operator under a 10-year lease with two 5-year renewal options. Additionally, the lease allows the operator to elect either an earn-out payment or purchase option. If neither option is elected within the timeframe defined in the lease, both elections are terminated. The earn-out payment is available, contingent on achieving certain thresholds per the lease, beginning at the end of the second lease year through the end of the seventh lease year. The initial cash yield is 8% for the first year, increasing to 8.25% for the second year, then increases annually by 2.0% to 4.0% based on the change in the Medicare Market Basket Rate. In connection with transaction, we provided the lessee a 10-year working capital loan for up to $2,000 at 8% for first year, increasing to 8.25% for the second year, then increasing annually with the lease rate. At December 31, 2022, the working capital loan had an outstanding balance of $1,642.
Schedule of development and improvement projects |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Type of Property | ​ | ​ | 2022 | ​ | ​ | ​ | 2021 | ​ | ​ | 2020 | ​
​ | ​ | Developments | ​ | Improvements | ​ | ​ | Developments | ​ | Improvements | ​ | ​ | Developments | ​ | Improvements | ​
Assisted Living Communities | ​ | $ | 105 | ​ | $ | 5,538 | ​ | ​ | $ | — | ​ | $ | 5,846 | ​ | ​ | $ | 4,491 | ​ | $ | 6,842 | ​
Skilled Nursing Centers | ​ | ​ | — | ​ | ​ | 2,897 | ​ | ​ | ​ | — | ​ | ​ | 452 | ​ | ​ | ​ | 12,208 | ​ | ​ | 71 | ​
Other | ​ | ​ | — | ​ | ​ | 559 | ​ | ​ | ​ | — | ​ | ​ | — | ​ | ​ | ​ | — | ​ | ​ | — | ​
Total | ​ | $ | 105 | ​ | $ | 8,994 | ​ | ​ | $ | — | ​ | $ | 6,298 | ​ | ​ | $ | 16,699 | ​ | $ | 6,913 | ​
Schedule of completed developments |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Number | ​ | Type | ​ | Number | ​ | ​ | ​ | ​ | ​
​ | ​ | of | ​ | of | ​ | of | ​ | ​ | ​ | ​ | Total
Year | ​ | Properties | ​ | Property | ​ | Beds/Units | ​ | State | ​ | Investment
2020 | ​ | 1 | ​ | ALF/MC | ​ | 78 | ​ | Oregon | ​ | $ | 18,447
​ | ​ | 1 | ​ | SNF | ​ | 90 | ​ | Missouri | ​ | ​ | 16,587
Total 2020 | ​ | 2 | ​ | ​ | ​ | 168 | ​ | ​ | ​ | $ | 35,034
Schedule of property sold |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | Type | ​ | Number | ​ | Number | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | of | ​ | of | ​ | of | ​ | ​ | Sales | ​ | ​ | Carrying | ​ | ​ | Net | ​
Year | ​ | State | ​ | Properties | ​ | Properties | ​ | Beds/Units | ​ | ​ | Price | ​ | ​ | Value | ​ | ​ | Gain (loss) (1) | ​
2022 | ​ | California | ​ | ALF | ​ | 2 | ​ | 232 | ​ | $ | 43,715 | ​ | $ | 17,832 | ​ | $ | 25,867 | ​
​ | ​ | California | ​ | SNF | ​ | 1 | ​ | 121 | ​ | ​ | 13,250 | ​ | ​ | 1,846 | ​ | ​ | 10,846 | ​
​ | ​ | Texas | ​ | SNF | ​ | 1 | ​ | — | ​ | ​ | 485 | ​ | ​ | 697 | ​ | ​ | (441) | ​
​ | ​ | Virginia | ​ | ALF | ​ | 1 | ​ | 74 | ​ | ​ | 16,895 | ​ | ​ | 15,549 | ​ | ​ | 1,344 | (2)
​ | ​ | n/a | ​ | n/a | ​ | — | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 214 | (3)
Total 2022 | ​ | ​ | ​ | ​ | ​ | 5 | ​ | 427 | ​ | $ | 74,345 | ​ | $ | 35,924 | ​ | $ | 37,830 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
2021 | ​ | Florida | ​ | ALF | ​ | 1 | ​ | — | ​ | $ | 2,000 | ​ | $ | 2,626 | ​ | $ | (858) | ​
​ | ​ | Nebraska | ​ | ALF | ​ | 1 | ​ | 40 | ​ | ​ | 900 | ​ | ​ | 1,079 | ​ | ​ | (200) | ​
​ | ​ | Washington | ​ | SNF | ​ | 1 | ​ | 123 | ​ | ​ | 7,700 | ​ | ​ | 4,513 | ​ | ​ | 2,562 | ​
​ | ​ | Wisconsin | ​ | ALF | ​ | 3 | ​ | 263 | ​ | ​ | 35,000 | ​ | ​ | 28,295 | ​ | ​ | 5,595 | ​
​ | ​ | n/a | ​ | n/a | ​ | — | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 363 | (3)
Total 2021 | ​ | ​ | ​ | ​ | ​ | 6 | ​ | 426 | ​ | $ | 45,600 | ​ | $ | 36,513 | ​ | $ | 7,462 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
2020 | ​ | Arizona | ​ | SNF | ​ | 1 | ​ | 194 | ​ | $ | 12,550 | ​ | $ | 2,229 | ​ | $ | 10,293 | ​
​ | ​ | Colorado | ​ | SNF | ​ | 3 | ​ | 275 | ​ | ​ | 15,000 | ​ | ​ | 4,271 | ​ | ​ | 10,364 | ​
​ | ​ | Iowa | ​ | SNF | ​ | 7 | ​ | 544 | ​ | ​ | 14,500 | ​ | ​ | 4,886 | ​ | ​ | 9,051 | ​
​ | ​ | Kansas | ​ | SNF | ​ | 3 | ​ | 250 | ​ | ​ | 9,750 | ​ | ​ | 7,438 | ​ | ​ | 1,993 | ​
​ | ​ | Texas | ​ | SNF | ​ | 7 | ​ | 1,148 | ​ | ​ | 23,000 | ​ | ​ | 10,260 | ​ | ​ | 12,287 | ​
​ | ​ | n/a | ​ | n/a | ​ | — | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 129 | (3)
Total 2020 | ​ | ​ | ​ | ​ | ​ | 21 | ​ | 2,411 | ​ | $ | 74,800 | ​ | $ | 29,084 | ​ | $ | 44,117 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
(1) | Calculation of net gain (loss) includes cost of sales and write-off of straight-line rent receivable and lease incentives, when applicable.
​
(2) | In connection with this sale, the former operator paid us a lease termination fee of $1,181 which is not included in the gain on sale.
​
(3) | We recognized additional gain due to the reassessment adjustment of the holdbacks related to properties sold during 2020 and 2019, under the expected value model per ASC Topic 606, Contracts with Customers.
Summary of investments in mortgage loans secured by first mortgages |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Type | ​ | Percentage | ​ | Number of | ​ | Investment
​ | ​ | ​ | ​ | ​ | ​ | Gross | ​ | of | ​ | of | ​ | ​ | ​ | ​ | ​ | SNF | ​ | ALF | ​ | per
Interest Rate | ​ | Maturity | ​ | State | ​ | Investment (1) | ​ | Property | ​ | Investment | ​ | Loans (2) | ​ | Properties (3) | ​ | Beds | ​ | Units | ​ | Bed/Unit
7.5% | ​ | 2023 | ​ | MO | ​ | $ | 1,886 | ​ | OTH | ​ | 0.5 | % | 1 | ​ | — | (4) | — | ​ | — | ​ | $ | n/a
7.5% | ​ | 2024 | ​ | LA | ​ | ​ | 29,347 | ​ | SNF | ​ | 7.5 | % | 1 | ​ | 1 | ​ | 189 | ​ | — | ​ | $ | 155.28
7.8% | ​ | 2025 | ​ | FL | ​ | ​ | 14,308 | ​ | ALF | ​ | 3.6 | % | 1 | ​ | 1 | ​ | — | ​ | 68 | ​ | $ | 210.41
7.3% (5) | ​ | 2025 | ​ | NC/SC | ​ | ​ | 56,317 | ​ | ALF | ​ | 14.3 | % | 1 | ​ | 13 | ​ | — | ​ | 523 | ​ | $ | 107.68
7.3% | ​ | 2026 | ​ | NC | ​ | ​ | 33,001 | ​ | ALF | ​ | 8.4 | % | 1 | ​ | 4 | ​ | — | ​ | 217 | ​ | $ | 152.08
7.3% | ​ | 2026 | ​ | NC | ​ | ​ | 797 | ​ | OTH | ​ | 0.2 | % | 1 | ​ | — | (6) | — | ​ | — | ​ | $ | —
10.6% (7) | ​ | 2043 | ​ | MI | ​ | ​ | 184,351 | ​ | SNF | ​ | 46.8 | % | 1 | ​ | 15 | ​ | 1,875 | ​ | — | ​ | $ | 98.32
9.6% (7) | ​ | 2045 | ​ | MI | ​ | ​ | 39,026 | ​ | SNF | ​ | 9.9 | % | 1 | ​ | 4 | ​ | 480 |  | — | ​ | $ | 81.30
9.8% (7) | ​ | 2045 | ​ | MI | ​ |  | 19,750 | ​ | SNF | ​ | 5.0 | % | 1 | ​ | 2 | ​ | 201 |  | — | ​ | $ | 98.26
10.1% (7) | ​ | 2045 | ​ | MI | ​ | ​ | 14,875 | ​ | SNF | ​ | 3.8 | % | 1 | ​ | 1 | ​ | 146 | ​ | — | ​ | $ | 101.88
Total | ​ | ​ | ​ | ​ | ​ | $ | 393,658 | ​ | ​ | ​ | 100.0 | % | 10 | ​ | 41 | ​ | 2,891 |  | 808 | ​ | $ | 106.42
(1) | Subsequent to December 31, 2022, we originated a $10,750 mortgage loan secured by a MC located in North Carolina. The loan carries a two-year term with an interest-only rate of 7.25% and an IRR of 9.0%.
​
(2) | Some loans contain certain guarantees and/or provide for certain facility fees.
​
(3) | Our mortgage loans are secured by properties located in six states with five borrowers.
​
(4) | Represents a mortgage loan secured by a parcel of land for the future development of a 91-bed post-acute SNF.
​
(5) | Represents the initial rate. This loan has an IRR of 8%.
​
(6) | Represents a mortgage loan secured by a parcel of land in North Carolina held for future development of a seniors housing community.
​
(7) | Mortgage loans provide for 2.25% annual increases in the interest rate after a certain time period.
Schedule of mortgage loan activity | The following table summarizes our mortgage loan activity for the years ended December 31, 2022, 2021 and 2020 (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended December 31, | ​
​ | ​ | 2022 | ​ | ​ | 2021 | ​ | 2020 |
Originations and funding under mortgage loans receivable | ​ | $ | 40,732 | (1) (2) | ​ | $ | 88,955 | (3) | $ | 4,253 | (4)
Application of interest reserve | ​ | ​ | 6,192 | ​ | ​ | ​ | 298 | ​ | ​ | — | ​
Scheduled principal payments received | ​ | ​ | (1,175) | ​ | ​ | ​ | (1,175) | ​ | ​ | (1,065) | ​
Mortgage loan premium amortization | ​ | ​ | (6) | ​ | ​ | ​ | (6) | ​ | ​ | (4) | ​
Provision for loan loss reserve | ​ | ​ | (457) | ​ | ​ | ​ | (881) | ​ | ​ | (32) | ​
Net increase in mortgage loans receivable | ​ | $ | 45,286 | ​ | ​ | $ | 87,191 | ​ | $ | 3,152 | ​
(1) | Subsequent to December 31, 2022, we originated a $10,750 mortgage loan secured by a MC located in North Carolina. The loan carries a two-year term with an interest-only rate of 7.25% and an IRR of 9.0%.
​
(2) | We originated two senior mortgage loans, secured by four ALFs operated by an existing operator, as well as a land parcel in North Carolina. The communities have a combined total of 217 units, with an average age of less than four years. The land parcel is approximately 7.6 acres adjacent to one of the ALFs and is being held for the future development of a seniors housing community. The mortgage loans have a four-year term, an interest rate of 7.25% and an IRR of 8%. We also funded an additional $2,000 under an existing mortgage loan.
​
(3) | We funded the following:
| a. | $1,638 mortgage loan secured by a parcel of land for the future development of a 91-bed post-acute SNF in Missouri and withheld an interest reserve of $142. The mortgage loan term is one year at a yield of 7.5%;
| b. | $27,047 mortgage loan secured by a 189-bed SNF in Louisiana with a regional operator new to us. The mortgage loan has a three-year term with one 12-month extension option and a yield of 7.5%;
| c. | $11,724 mortgage loan secured by a 68-unit ALF and MC in Florida operated by a regional operator new to us. At origination, we withheld an interest reserve of $806 and applied $156 of the reserve during 2021. The mortgage loan term is approximately 4 years at a 7.75% yield and includes an additional $4,177 loan commitment for the construction of a memory care addition to the property to be funded at a later date subject to satisfaction of various conditions;
| d. | $48,006 mortgage loan for the purchase of a 13-property seniors housing portfolio located in North (12) and South Carolina (1). The communities are operated by an existing LTC operator. At origination, we withheld an interest reserve of $4,496. The loan term is 4 years at a 7.25% yield and includes a commitment of $6,097 for capital improvements and $650 for working capital; and
​
| e. | $540 additional capital funding under our existing mortgage loans.
​
(4) | We funded an additional $2,000 under an existing mortgage loan.
Scheduled principal payments on mortgage loan receivables | Scheduled principal payments on mortgage loan receivables are as follows (in thousands): ​
​ | ​ | ​ | ​ | ​
​ |  | Scheduled |
​ | ​ | Principal |
2023 | ​ | $ | 3,061 | ​
2024 | ​ |  | 30,522 | ​
2025 | ​ |  | 71,801 | ​
2026 | ​ |  | 34,972 | ​
2027 | ​ |  | 1,175 | ​
Thereafter | ​ |  | 252,127 | ​
Total | ​ | $ | 393,658 | ​

X
- Definition Tabular disclosure of the entity's acquired real estate investments. + References No definition available. + Details
Name: | ltc_ScheduleOfAcquiredRealEstateInvestmentsTableTextBlock
Namespace Prefix: | ltc_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of additional loan commitments under mortgage loans. + References No definition available. + Details
Name: | ltc_ScheduleOfAdditionalLoanCommitmentsTableTextBlock
Namespace Prefix: | ltc_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the entity's completed development, improvement and construction projects. + References No definition available. + Details
Name: | ltc_ScheduleOfCompletedDevelopmentImprovementAndConstructionProjectsTableTextBlock
Namespace Prefix: | ltc_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the entity's properties under development, redevelopment, renovation, and expansion. + References No definition available. + Details
Name: | ltc_ScheduleOfDevelopmentRedevelopmentRenovationAndExpansionActivityTableTextBlock
Namespace Prefix: | ltc_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Represents the tabular disclosure of information about purchase options included in our lease agreements. + References No definition available. + Details
Name: | ltc_ScheduleOfInformationAboutPurchaseOptionsIncludedInLeaseAgreements
Namespace Prefix: | ltc_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of principal payments on mortgage loans for future years. + References No definition available. + Details
Name: | ltc_ScheduleOfPrincipalPaymentsOnMortgageLoansTableTextBlock
Namespace Prefix: | ltc_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of real estate investment property sold. + References No definition available. + Details
Name: | ltc_ScheduleOfRealEstateInvestmentPropertySoldTableTextBlock
Namespace Prefix: | ltc_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of maturity of undiscounted cash flows to be received by lessor on annual basis for operating lease. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 30 -Section 50 -Paragraph 12 -URI https://asc.fasb.org/extlink&oid=124258985&loc=SL77919396-209981 + Details
Name: | us-gaap_LessorOperatingLeasePaymentsToBeReceivedMaturityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of components of income from operating lease. + 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 https://asc.fasb.org/extlink&oid=124258985&loc=SL77919372-209981 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 6A -URI https://asc.fasb.org/extlink&oid=126900988&loc=SL77927221-108306 + Details
Name: | us-gaap_OperatingLeaseLeaseIncomeTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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

X
- Definition Tabular disclosure of the terms and amounts of participation in loan arrangements. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 30 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=99377297&loc=d3e10013-112621 + Details
Name: | us-gaap_ScheduleOfParticipatingMortgageLoansTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of real estate properties and units in those properties that are included in the discussion of the nature of an entity's operations. + References No definition available. + Details
Name: | us-gaap_ScheduleOfRealEstatePropertiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration