XML 41 R26.htm IDEA: XBRL DOCUMENT

SCHEDULE III REAL ESTATE AND ACCUMULATED DEPRECIATION

12 Months Ended

Dec. 31, 2022

SCHEDULE III REAL ESTATE AND ACCUMULATED DEPRECIATION

SCHEDULE III REAL ESTATE AND ACCUMULATED DEPRECIATION

LTC PROPERTIES, INC.

SCHEDULE III

REAL ESTATE AND ACCUMULATED DEPRECIATION

(in thousands)


							Costs
							capitalized		Gross amount at which carried at
			Initial cost to company				subsequent		December 31, 2022
					Building and		to				Building and				Accum		Construction/	Acquisition
	Encumbrances		Land		improvements		acquisition		Land		improvements		Total ⁽¹⁾		deprec.		renovation date	date
Skilled Nursing Properties:
134 Alamogordo, NM	$	—	$	210	$	2,593	$	641	$	210	$	3,234	$	3,444	$	1,742	1985	2001
218 Albuquerque, NM		—		1,696		3,891		530		1,696		4,421		6,117		2,293	2008	2005
219 Albuquerque, NM		—		1,950		8,910		207		1,950		9,117		11,067		4,513	1982	2005
220 Albuquerque, NM		—		2,463		7,647		9		2,463		7,656		10,119		3,751	1970	2005
252 Amarillo, TX		—		844		—		7,925		844		7,925		8,769		2,488	2013	2011
247 Arlington, TX		—		1,016		13,649		132		1,016		13,781		14,797		4,988	2007	2011
325 Austin, TX		—		896		9,562		—		896		9,562		10,458		202	2017	2022
319, Blue Springs, MO		—		2,644		13,942		73		2,644		14,015		16,659		1,508	2020	2019
007 Bradenton, FL		—		330		2,720		160		330		2,880		3,210		2,418	2012	1993
256 Brownwood, TX		—		164		6,336		29		164		6,365		6,529		2,188	2011	2012
177 Chesapeake, VA		—		388		3,469		2,777		388		6,246		6,634		4,110	2017	1995
257 Cincinnati, OH		—		1,890		25,110		224		1,890		25,334		27,224		5,945	2009	2012
125 Clovis, NM		—		561		5,539		307		561		5,846		6,407		3,155	2006	2001
129 Clovis, NM		—		598		5,902		59		598		5,961		6,559		3,236	1995	2001
267 Cold Spring, KY		—		2,050		21,496		196		2,050		21,692		23,742		6,014	2014	2012
253 Colton, CA		—		2,474		15,158		—		2,474		15,158		17,632		4,803	1990	2011
246 Crowley, TX		—		2,247		14,276		187		2,247		14,463		16,710		5,266	2007	2011
235 Daleville, VA		—		279		8,382		—		279		8,382		8,661		3,180	2005	2010
258 Dayton, OH		—		373		26,627		—		373		26,627		27,000		6,344	2010	2012
196 Dresden, TN		—		31		1,529		1,073		31		2,602		2,633		1,400	2014	2000
298 Forth Worth, TX		—		2,785		7,546		413		2,785		7,959		10,744		3,086	1998	2015
326 Forth Worth, TX		—		922		12,268		—		922		12,268		13,190		267	2017	2022
026 Gardendale, AL		—		100		7,550		2,084		100		9,634		9,734		7,078	2011	1996
248 Granbury, TX		—		836		6,693		363		836		7,056		7,892		3,132	2008	2011
250 Hewitt, TX		—		1,780		8,220		391		1,780		8,611		10,391		2,787	2008	2011
318 Kansas City, MO		—		1,229		18,369		69		1,229		18,438		19,667		1,755	2018	2019
008 Lecanto, FL		—		351		2,665		2,737		351		5,402		5,753		4,287	2012	1993
322 Longview, TX		—		1,405		12,176		—		1,405		12,176		13,581		1,274	2014	2020
300 Mansfield, TX		—		2,890		13,110		—		2,890		13,110		16,000		3,377	2015	2016
053 Mesa, AZ		—		305		6,909		1,876		305		8,785		9,090		6,610	1996	1996
242 Mission, TX		—		1,111		16,602		82		1,111		16,684		17,795		5,727	2004	2010
233 Nacogdoches, TX		—		394		7,456		268		394		7,724		8,118		2,848	1991	2010
249 Nacogdoches, TX		—		1,015		11,109		358		1,015		11,467		12,482		4,575	2007	2011
245 Newberry, SC		—		439		4,639		879		439		5,518		5,957		2,374	1995	2011
244 Newberry, SC		—		919		5,454		200		919		5,654		6,573		2,277	2001	2011
251 Pasadena, TX		—		1,155		14,345		522		1,155		14,867		16,022		4,685	2005	2011
193 Phoenix, AZ		—		300		9,703		92		300		9,795		10,095		6,608	1985	2000
094 Portland, OR		—		100		1,925		3,152		100		5,077		5,177		4,147	2007	1997
254 Red Oak, TX		—		1,427		17,173		244		1,427		17,417		18,844		5,550	2002	2012
197 Ripley, TN		—		20		985		1,638		20		2,623		2,643		1,468	2014	2000

LTC PROPERTIES, INC.

SCHEDULE III

REAL ESTATE AND ACCUMULATED DEPRECIATION (Continued)

(in thousands)


							Costs
							capitalized		Gross amount at which carried at
			Initial cost to company				subsequent		December 31, 2022
					Building and		to				Building and				Accum		Construction/	Acquisition
	Encumbrances		Land		improvements		acquisition		Land		improvements		Total ⁽¹⁾		deprec.		renovation date	date
133 Roswell, NM	$	—	$	568	$	5,235	$	1,396	$	568	$	6,631	$	7,199	$	3,521	1975	2001
325 San Antonio, TX		—		1,676		15,470		20		1,676		15,490		17,166		320	2018	2022
281 Slinger, WI		—		464		13,482		—		464		13,482		13,946		3,916	2014	2015
234 St. Petersburg, FL		—		1,070		7,930		500		1,070		8,430		9,500		2,892	1988	2010
243 Stephenville, TX		—		670		10,117		616		670		10,733		11,403		3,811	2009	2010
178 Tappahannock, VA		—		375		1,327		397		375		1,724		2,099		1,569	1978	1995
270 Trinity, FL		—		1,653		12,748		—		1,653		12,748		14,401		3,781	2008	2013
192 Tucson, AZ		—		276		8,924		112		276		9,036		9,312		6,091	1992	2000
305 Union, KY		—		858		24,116		—		858		24,116		24,974		3,426	2019	2016
299 Weatherford, TX		—		836		11,902		280		836		12,182		13,018		3,962	1996	2015
323 Webster, TX		—		2,310		8,713		—		2,310		8,713		11,023		200	2018	2022
236 Wytheville, VA		—		647		12,167		—		647		12,167		12,814		5,363	1996	2010
Skilled Nursing Properties	$	—	$	53,990	$	513,766	$	33,218	$	53,990	$	546,984	$	600,974	$	182,308
Assisted Living Properties:
077 Ada, OK		—		100		1,650		180		100		1,830		1,930		1,106	1996	1996
105 Arvada, CO		—		100		2,810		7,072		100		9,882		9,982		4,027	2014	1997
304 Athens, GA		—		1,056		13,326		111		1,056		13,437		14,493		2,422	2016	2016
063 Athens, TX		—		96		1,510		113		96		1,623		1,719		1,125	1995	1996
320 Auburn Hills, MI		—		1,964		4,577		1,149		1,964		5,726		7,690		1,056	1995	2019
269 Aurora, CO		—		850		8,583		—		850		8,583		9,433		2,566	2014	2013
260 Aurora, CO		—		831		10,071		327		831		10,398		11,229		2,866	1999	2012
117 Beatrice, NE		—		100		2,173		243		100		2,416		2,516		1,517	1997	1997
277 Burr Ridge, IL		—		1,400		11,102		—		1,400		11,102		12,502		2,735	2016	2014
278 Castle Rock, CO		—		759		5,091		—		759		5,091		5,850		1,573	2012	2014
311 Cedarburg, WI		—		924		21,083		—		924		21,083		22,007		2,946	2019	2017
160 Central, SC		—		100		2,321		119		100		2,440		2,540		1,272	1998	1999
263 Chatham, NJ		—		5,365		36,399		587		5,365		36,986		42,351		10,105	2002	2012
307 Clovis, CA		—		2,542		19,126		—		2,542		19,126		21,668		3,022	2014	2017
308 Clovis, CA		—		3,054		14,172		—		3,054		14,172		17,226		2,154	2016	2017
279 Corpus Christi, TX		—		880		11,440		298		880		11,738		12,618		2,753	2016	2015
292 De Forest, WI		—		485		5,568		47		485		5,615		6,100		1,191	2006	2015
057 Dodge City, KS		—		84		1,666		30		84		1,696		1,780		1,156	1995	1995
083 Durant, OK		—		100		1,769		157		100		1,926		2,026		1,162	1997	1997
107 Edmond, OK		—		100		1,365		659		100		2,024		2,124		1,226	1996	1997
163 Ft. Collins, CO		—		100		2,961		3,674		100		6,635		6,735		3,147	2014	1999
170 Ft. Collins, CO		—		100		3,400		4,928		100		8,328		8,428		3,669	2014	1999
132 Ft. Meyers, FL		—		100		2,728		272		100		3,000		3,100		1,717	1998	1998
315 Ft. Worth, TX		—		1,534		11,099		34		1,534		11,133		12,667		1,424	2014	2018
100 Fremont ,OH		—		100		2,435		203		100		2,638		2,738		1,663	1997	1997
266 Frisco, TX		—		1,000		5,154		—		1,000		5,154		6,154		1,667	2014	2012
314 Frisco, TX		—		2,216		10,417		119		2,216		10,536		12,752		1,367	2015	2018
296 Glenview, IL		—		2,800		14,248		—		2,800		14,248		17,048		2,764	2017	2015
167 Goldsboro, NC		—		100		2,385		170		100		2,555		2,655		1,217	1998	1999
056 Great Bend, KS		—		80		1,570		68		80		1,638		1,718		1,234	1995	1995
102 Greeley, CO		—		100		2,310		612		100		2,922		3,022		1,686	1997	1997
284 Green Bay, WI		—		1,660		19,079		475		1,660		19,554		21,214		4,448	2004	2015
286 Greenfield, WI		—		818		8,014		232		818		8,246		9,064		1,755	2007	2015
164 Greenville, NC		—		100		2,478		198		100		2,676		2,776		1,418	1998	1999
062 Greenville, TX		—		42		1,565		105		42		1,670		1,712		1,134	1995	1996
161 Greenwood, SC		—		100		2,638		337		100		2,975		3,075		1,544	1998	1999
295 Jacksonville, FL		—		1,389		12,756		1,056		1,389		13,812		15,201		2,702	2015	2015
066 Jacksonville, TX		—		100		1,900		90		100		1,990		2,090		1,361	1996	1996
310 Kansas City, MO		—		1,072		15,552		—		1,072		15,552		16,624		2,071	2017	2017
285 Kenosha, WI		—		936		12,361		498		936		12,859		13,795		2,625	2008	2015
255 Littleton, CO		—		1,882		8,248		—		1,882		8,248		10,130		2,226	2013	2012
268 Littleton, CO		—		1,200		8,688		—		1,200		8,688		9,888		2,670	2014	2013
148 Longmont, CO		—		100		2,640		64		100		2,704		2,804		1,645	1998	1998
060 Longview, TX		—		38		1,568		134		38		1,702		1,740		1,180	1995	1995
261 Louisville, CO		—		911		11,703		390		911		12,093		13,004		3,283	2000	2012

LTC PROPERTIES, INC.

SCHEDULE III

REAL ESTATE AND ACCUMULATED DEPRECIATION (Continued)

(in thousands)


							Costs
							capitalized		Gross amount at which carried at
			Initial cost to company				subsequent		December 31, 2022
						Building and	to				Building and				Accum		Construction/	Acquisition
	Encumbrances		Land			improvements	acquisition		Land		improvements		Total ⁽¹⁾		deprec.		renovation date	date
301 Louisville, KY	$	—	$	1,021	$	11,871	$	123	$	1,021	$	11,994	$	13,015	$	2,305	2016	2016
114 Loveland, CO		—		100		2,865		324		100		3,189		3,289		1,995	1997	1997
068 Lufkin, TX		—		100		1,950		106		100		2,056		2,156		1,400	1996	1996
061 Marshall, TX		—		38		1,568		544		38		2,112		2,150		1,477	1995	1995
293 McHenry, IL		—		1,289		28,976		987		1,289		29,963		31,252		6,257	2005	2015
058 McPherson, KS		—		79		1,571		67		79		1,638		1,717		1,223	1994	1995
313 Medford, OR				636		17,816		—		636		17,816		18,452		1,788	2020	2018
316 Medford, OR		—		750		13,650		250		750		13,900		14,650		1,874	2005	2018
239 Merritt Island, FL		—		550		6,928		115		550		7,043		7,593		3,056	2004	2010
104 Millville, NJ		—		100		2,825		848		100		3,673		3,773		2,174	1997	1997
231 Monroeville, PA		—		526		5,334		439		526		5,773		6,299		2,317	1997	2009
280 Murrells Inlet, SC		—		2,490		14,185		129		2,490		14,314		16,804		3,278	2016	2015
294 Murrieta, CA		—		2,022		11,136		—		2,022		11,136		13,158		2,586	2016	2015
289 Neenah, WI		—		694		20,839		251		694		21,090		21,784		4,316	1991	2015
166 New Bern, NC		—		100		2,427		170		100		2,597		2,697		1,254	1998	1999
118 Newark, OH		—		100		2,435		383		100		2,818		2,918		1,703	1997	1997
143 Niceville, FL		—		100		2,680		108		100		2,788		2,888		1,676	1998	1998
095 Norfolk, NE		—		100		2,123		311		100		2,434		2,534		1,541	1997	1997
306 Oak Lawn, IL		—		1,591		13,772		—		1,591		13,772		15,363		2,325	2018	2016
302 Overland Park, KS		—		1,951		11,882		281		1,951		12,163		14,114		2,496	2013	2016
232 Pittsburgh, PA		—		470		2,615		360		470		2,975		3,445		1,264	1994	2009
165 Rocky Mount, NC		—		100		2,494		378		100		2,872		2,972		1,359	1998	1999
059 Salina, KS		—		79		1,571		303		79		1,874		1,953		1,250	1994	1995
084 San Antonio, TX		—		100		1,900		45		100		1,945		2,045		1,240	1997	1997
092 San Antonio, TX		—		100		2,055		577		100		2,632		2,732		1,411	1997	1997
288 Sheboygan, WI		—		1,168		5,382		379		1,168		5,761		6,929		1,384	2006	2015
149 Shelby, NC		—		100		2,805		312		100		3,117		3,217		1,782	1998	1998
312 Spartanburg, SC		—		254		9,906		1,520		254		11,426		11,680		2,627	1999	2017
150 Spring Hill, FL		—		100		2,650		104		100		2,754		2,854		1,662	1998	1998
103 Springfield, OH		—		100		2,035		363		100		2,398		2,498		1,490	1997	1997
321 Sterling Heights, MI		—		1,133		11,487		1,133		1,133		12,620		13,753		1,643	1997	2019
162 Sumter, SC		—		100		2,351		656		100		3,007		3,107		1,393	1998	1999
140 Tallahassee, FL		—		100		3,075		140		100		3,215		3,315		1,925	1998	1998
098 Tiffin, OH		—		100		2,435		366		100		2,801		2,901		1,678	1997	1997
282 Tinley Park, IL		—		702		11,481		—		702		11,481		12,183		2,608	2016	2015
088 Troy, OH		—		100		2,435		821		100		3,256		3,356		1,950	1997	1997
080 Tulsa, OK		—		200		1,650		148		200		1,798		1,998		1,091	1997	1997
093 Tulsa, OK		—		100		2,395		42		100		2,437		2,537		1,553	1997	1997
238 Tupelo, MS		—		1,170		8,230		52		1,170		8,282		9,452		3,133	2000	2010
075 Tyler, TX		—		100		1,800		144		100		1,944		2,044		1,207	1996	1996
091 Waco, TX		—		100		2,235		770		100		3,005		3,105		1,563	2021	1997
096 Wahoo, NE		—		100		2,318		166		100		2,484		2,584		1,628	1997	1997
108 Watauga, TX		—		100		1,668		38		100		1,706		1,806		1,076	1996	1997
109 Weatherford, OK		—		100		1,669		698		100		2,367		2,467		1,454	1996	1997
309 West Chester, OH		—		2,355		13,553		212		2,355		13,765		16,120		2,235	2017	2017
276 Westminster, CO		—		1,425		9,575		—		1,425		9,575		11,000		2,660	2015	2013
110 Wheelersburg, OH		—		29		2,435		349		29		2,784		2,813		1,720	1997	1997
303 Wichita, KS		—		1,422		9,957		285		1,422		10,242		11,664		2,162	2011	2016
259 Wichita, KS		—		730		—		9,682		730		9,682		10,412		2,911	2013	2012
283 Wichita, KS		—		624		13,946		—		624		13,946		14,570		2,373	2016	2015
076 Wichita Falls, TX		—		100		1,850		126		100		1,976		2,076		1,225	1996	1996
120 Wichita Falls, TX		—		100		2,750		143		100		2,893		2,993		1,841	1997	1997
264 Williamstown, NJ		—		711		6,637		—		711		6,637		7,348		1,982	2000	2012
265 Williamstown, NJ		—		711		8,649		—		711		8,649		9,360		2,411	2000	2012
Assisted Living Properties	$	—	$	68,788	$	678,526	$	50,499	$	68,788	$	729,025	$	797,813	$	207,529

LTC PROPERTIES, INC.

SCHEDULE III

REAL ESTATE AND ACCUMULATED DEPRECIATION (Continued)

(in thousands)


							Costs
							capitalized		Gross amount at which carried at
			Initial cost to company				subsequent		December 31, 2022
					Building and		to				Building and					Accum		Construction/	Acquisition
	Encumbrances		Land		improvements		acquisition		Land		improvements		Total ⁽¹⁾			deprec.		renovation date	date
Other:
Properties:
297 Las Vegas, NV		—		1,965		7,308		1,702		1,965		9,010		10,975			1,650	1990/1994	2015
Properties		—		1,965		7,308		1,702		1,965		9,010		10,975			1,650
Land:
271 Howell, MI		—		420		—		—		420		—		420			—	N/A	2013
272 Milford, MI		—		450		—		—		450		—		450			—	N/A	2014
275 Yale, MI		—		73		—		—		73		—		73			—	N/A	2013
Land		—		943		—		—		943		—		943			—
Other Properties		—		2,908		7,308		1,702		2,908		9,010		11,918			1,650
	$	—	$	125,686	$	1,199,600	$	85,419	$	125,686	$	1,285,019	$	1,410,705	(2)	$	391,487

(1)

Depreciation is computed principally by the straight-line method for financial reporting purposes which generally range of a life from 5 to 15 years for furniture and equipment, 35 to 50 years for buildings, 10 to 20 years for site improvements, 10 to 50 years for building improvements and the respective lease term for acquired lease intangibles.

(2)	As of December 31, 2022, our aggregate cost for Federal income tax purposes was $1,420,258 (unaudited).

LTC PROPERTIES, INC.

SCHEDULE III

REAL ESTATE AND ACCUMULATED DEPRECIATION (Continued)

(in thousands)

Activity for the years ended December 31, 2022, 2021 and 2020 is as follows:


	For the Year Ended December 31,
	2022		2021		2020
Reconciliation of real estate:
Carrying cost:
Balance at beginning of period	$	1,408,557	$	1,452,001	$	1,484,571
Acquisitions		51,817		—		13,581
Improvements		9,099		6,298		23,612
Capitalized interest		—		—		354
Cost of real estate sold		(55,346)		(49,742)		(66,140)
Impairment loss from real estate investments		(3,422)		—		(3,977)
Ending balance	$	1,410,705	$	1,408,557	$	1,452,001
Accumulated depreciation:
Balance at beginning of period	$	374,606	$	349,643	$	347,755
Depreciation expense		37,394		38,192		38,945
Cost of real estate sold		(20,513)		(13,229)		(37,057)
Ending balance	$	391,487	$	374,606	$	349,643