XML 32 R22.htm IDEA: XBRL DOCUMENT
v3.23.2

Real Estate Investments (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2023
Real Estate Investments |
Summary of investments in owned properties | The following table summarizes our investments in owned properties at June 30, 2023 (dollar amounts in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Average |
​ | ​ | ​ | ​ | ​ | Percentage | ​ | Number | ​ | Number of | ​ | Investment |
​ | ​ | Gross | ​ | of | ​ | of | ​ | SNF | ​ | ALF | ​ | per |
Type of Property | ​ | Investment | ​ | Investment | ​ | Properties (1) | ​ | Beds | ​ | Units | ​ | Bed/Unit |
Assisted Living | ​ | $ | 817,781 | ​ | 57.5 | % | 97 | ​ | — | ​ | 5,570 | ​ | $ | 146.82 | ​
Skilled Nursing | ​ | ​ | 591,474 | ​ | 41.6 | % | 50 | ​ | 6,113 | ​ | 236 | ​ | $ | 93.16 | ​
Other (2) | ​ | ​ | 12,005 | ​ | 0.9 | % | 1 | ​ | 118 | ​ | — | ​ | ​ | — | ​
Total | ​ | $ | 1,421,260 | ​ | 100.0 | % | 148 | ​ | 6,231 | ​ | 5,806 | ​ | ​ | ​ | ​
(1) | We own properties in 26 states that are leased to 22 different operators.
​
(2) | Includes three parcels of land held-for-use, and one behavioral health care hospital.
Summary of components of our rental income | The following table summarizes components of our rental income for the six months ended June 30, 2023 and 2022 (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​ | Six Months Ended
​ | ​ | June 30, | ​ | June 30,
Rental Income | ​ | ​ | 2023 | ​ | ​ | 2022 | ​ | ​ | 2023 | ​ | ​ | 2022 | ​
Contractual cash rental income | ​ | $ | 29,014 | (1) | $ | 28,108 | (1) | $ | 58,139 | (1) | $ | 55,023 | (1)
Variable cash rental income | ​ | ​ | 3,176 | (2) | ​ | 4,019 | (2) | ​ | 6,460 | (2) | ​ | 8,058 | (2)
Straight-line rent | ​ | ​ | (423) | ​ | ​ | (293) | ​ | ​ | (888) | ​ | ​ | (527) | ​
Adjustment for collectability of lease incentives and rental income | ​ | ​ | (26) | ​ | ​ | — | ​ | ​ | (26) | ​ | ​ | (173) | (3)
Amortization of lease incentives | ​ | ​ | (204) | ​ | ​ | (206) | ​ | ​ | (413) | ​ | ​ | (429) | ​
Total | ​ | $ | 31,537 | ​ | $ | 31,628 | ​ | $ | 63,272 | ​ | $ | 61,952 | ​
(1) | Increased primarily due to rental income from acquisitions, transitioned portfolios, completed development projects and annual rent escalations, partially offset by sold properties.
​
(2) | The variable rental income for the three and six months ended June 30, 2023, includes reimbursement of real estate taxes by our lessees of $3,176 and $6,460, respectively. The variable rental income for the three and six months ended June 30, 2022, includes reimbursement of real estate taxes by our lessees of $4,019 and $8,001, respectively. The variable rental income for the six months ended June 30, 2022 also includes contingent rental income of $57. Decreased primarily due to property tax reassessment and sold properties partially offset by the acquisitions.
​
(3) | Represents a lease incentive balance write-off related to a closed property and subsequent lease termination.
Summary of information about purchase options included in our lease agreements | The following table summarizes information about purchase options included in our lease agreements (dollar amounts in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Type | ​ | Number | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | of | ​ | of | ​ | ​ | Gross | ​ | ​ | Carrying | ​ | Option | ​
State | ​ | Property | ​ | Properties | ​ | ​ | Investments | ​ | ​ | Value | ​ | Window | ​
California | ​ | ALF/MC | ​ | 2 | ​ | $ | 38,895 | ​ | $ | 33,248 | ​ | 2023-2029 | ​
Florida | ​ | MC | ​ | 1 | ​ | ​ | 7,680 | ​ | ​ | 4,750 | ​ | 2029 | (1)
Florida | ​ | SNF | ​ | 3 | ​ | ​ | 76,734 | ​ | ​ | 76,734 | ​ | 2025-2027 | (2)
Nebraska | ​ | ALF | ​ | 3 | ​ | ​ | 7,633 | ​ | ​ | 2,834 | ​ | TBD | (3)
North Carolina | ​ | ALF/MC | ​ | 11 | ​ | ​ | 121,321 | ​ | ​ | 121,321 | ​ | 2025-2028 | (4)
Ohio | ​ | MC | ​ | 1 | ​ | ​ | 16,161 | ​ | ​ | 13,708 | ​ | 2024-2025 | ​
Ohio | ​ | ILF/ALF/MC | ​ | 1 | ​ | ​ | 54,437 | ​ | ​ | 54,256 | ​ | 2025-2027 | ​
South Carolina | ​ | ALF/MC | ​ | 1 | ​ | ​ | 11,680 | ​ | ​ | 8,764 | ​ | 2029 | ​
Tennessee | ​ | SNF | ​ | 2 | ​ | ​ | 5,275 | ​ | ​ | 2,333 | ​ | 2023-2024 | ​
Texas | ​ | SNF | ​ | 4 | ​ | ​ | 51,837 | ​ | ​ | 50,188 | ​ | 2027-2029 | (5)
Total | ​ | ​ | ​ | ​ | ​ | $ | 391,653 | ​ | $ | 368,136 | ​ | ​ | ​
(1) | During the second quarter of 2023, we recorded an impairment loss of $7,522 during the second quarter of 2023.. See Impairment Loss below for more information.
​
(2) | During 2022, we entered into a joint venture (“JV”) to purchase three skilled nursing centers with a total of 299 beds. The JV leased the properties under a 10-year master lease. For more information regarding this transaction see Financing Receivables below.
​
(3) | Subject to the properties achieving certain coverage ratios.
​
(4) | During 2023, we entered into a JV that purchased 11 ALFs and MCs with a total of 523 units and leased the communities under a 10-year master lease. The master lease provides the operator with the option to buy up to 50% of the properties at the beginning of the third lease year, and the remaining properties at the beginning of the fourth lease year through the end of the sixth lease year, with an exit IRR of 9.00% on any portion of the properties being purchased. For more information regarding this transaction see Financing Receivables below.
​
(5) | During 2022, we purchased four skilled nursing centers 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 option is elected within the timeframe defined in the lease, both elections are terminated. For more information regarding the earn-out see Note 8. Commitments and Contingencies.
Schedule of properties held-for-sale | Properties Held -for-Sale. The following summarizes our held-for-sale properties as of June 30, 2023 (dollar amounts in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Type | ​ | Number | ​ | Number | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | of | ​ | of | ​ | of | ​ | ​ | Gross | ​ | ​ | Accumulated | ​
State | ​ | Property | ​ | Properties | ​ | Beds/units | ​ | ​ | Investment | ​ | ​ | Depreciation | ​
PA | ​ | ALF | ​ | 2 | ​ | 130 | ​ | $ | 9,744 | ​ | $ | 3,691 | ​
​ | ​ | ​ | ​ | 2 | ​ | 130 | ​ | $ | 9,744 | ​ | $ | 3,691 | ​
Summary of acquisitions | Acquisitions. The following table summarizes our acquisitions for the six months ended June 30, 2023 and 2022 (dollar amounts in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Cash | ​ | ​ | ​ | Non- | ​ | ​ | ​ | ​ | ​ | ​ | Number | ​ | Number
​ | ​ | ​ | ​ | ​ | Paid at | Assumed | ​ | ​ | Controlling | ​ | Transaction | ​ | ​ | Assets | ​ | of | ​ | of
Year | ​ | Type of Property | ​ | ​ | Acquisition | Liabilities | ​ | ​ | Interest | ​ | Costs | ​ | ​ | Acquired | ​ | Properties | ​ | Beds/Units
2023 | ​ | ALF (1) | ​ | ​ | 43,759 | ​ | $ | 9,767 | ​ | $ | 9,133 | ​ | $ | 363 | ​ | $ | 63,022 | (2) | 1 | ​ | 242
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
2022 | ​ | SNF (3) | ​ | ​ | 51,815 | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | 51,815 | ​ | 4 | ​ | 339
(1) | We entered into a $54,134 Joint Venture (“JV”) and contributed $45,000 into the JV that purchased an ILF/ALF/MC in Ohio. Under the JV agreement, the seller, our JV partner, has the option to purchase the campus between the third and fourth lease years for LTC’s allocation of the JV investment plus an IRR of 9.75%. The campus was leased to Encore Senior Living (“Encore”) under a 10-year term with an initial yield of 8.25% on LTC’s allocation of the JV investment. LTC committed to fund $2,100 of lease incentives under the Encore lease. Rent is expected to be approximately $3,900 per year.
​
(2) | Includes $8,585 tax abatement intangible included in the Prepaid expenses and other assets line item in our Consolidated Balance Sheets.
(3) | 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 provides either an earn-out payment or purchase option but not both. 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 fifth lease year. The purchase option is available beginning in the sixth 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 the transaction, we provided the lessee a 10-year working capital loan for up to $2,000, of which $1,867 has been funded, at 8% for first year, increasing to 8.25% for the second year, then increasing annually with the lease rate.
Schedule of improvement projects | Improvements. During the six months ended June 30, 2023 and 2022, we invested the following in improvements projects (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Six Months Ended June 30, | ​
Type of Property | ​ | ​ | 2023 | ​ | ​ | 2022 | ​
Assisted Living Communities | ​ | $ | 2,000 | ​ | $ | 1,964 | ​
Skilled Nursing Centers | ​ | ​ | 1,143 | ​ | ​ | 620 | ​
Other | ​ | ​ | 87 | ​ | ​ | 321 | ​
Total | ​ | $ | 3,230 | ​ | $ | 2,905 | ​
Schedule of property sold | The following table summarizes property sales during the six months ended June 30, 2023 and 2022 (dollar amounts in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | Type | ​ | Number | ​ | Number | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | of | ​ | of | ​ | of | ​ | ​ | Sales | ​ | ​ | Carrying | ​ | ​ | Net | ​
Year | ​ | State | ​ | Properties | ​ | Properties | ​ | Beds/Units | ​ | ​ | Price | ​ | ​ | Value | ​ | ​ | Gain (1) | ​
2023 | ​ | Florida | ​ | ALF | ​ | 1 | ​ | 70 | ​ | $ | 4,850 | ​ | $ | 4,082 | ​ | $ | 65 | ​
​ | ​ | Kentucky | ​ | ALF | ​ | 1 | ​ | 60 | ​ | ​ | 11,000 | ​ | ​ | 10,710 | ​ | ​ | 57 | ​
​ | ​ | New Jersey | ​ | ALF | ​ | 1 | ​ | 39 | ​ | ​ | 2,000 | ​ | ​ | 1,552 | ​ | ​ | 266 | ​
​ | ​ | New Mexico | ​ | SNF | ​ | 2 | ​ | 235 | ​ | ​ | 21,250 | ​ | ​ | 5,379 | ​ | ​ | 15,287 | ​
Total 2023 | ​ | ​ | ​ | ​ | ​ | 5 | ​ | 404 | ​ | $ | 39,100 | ​ | $ | 21,723 | ​ | $ | 15,675 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
2022 | ​ | California | ​ | ALF | ​ | 2 | ​ | 232 | ​ | $ | 43,715 | ​ | $ | 17,832 | ​ | $ | 25,867 | ​
​ | ​ | California | ​ | SNF | ​ | 1 | ​ | 121 | ​ | ​ | 13,250 | ​ | ​ | 1,846 | ​ | ​ | 10,849 | ​
​ | ​ | Virginia | ​ | ALF | ​ | 1 | ​ | 74 | ​ | ​ | 16,895 | ​ | ​ | 15,549 | ​ | ​ | 1,336 | (2)
​ | ​ | n/a | ​ | n/a | ​ | — | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 144 | (3)
Total 2022 | ​ | ​ | ​ | ​ | ​ | 4 | ​ | 427 | ​ | $ | 73,860 | ​ | $ | 35,227 | ​ | $ | 38,196 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
(
(1) | Calculation of net gain includes cost of sales and write-off of straight-line 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 2019 and 2020, under the expected value model per ASC Topic 606, Contracts with Customers (“ASC 606”).
Summary of investments in mortgage loans secured by first mortgages | Mortgage Loans. The following table sets forth information regarding our investments in mortgage loans secured by first mortgages at June 30, 2023 (dollar amounts in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Type | ​ | Percentage | ​ | Number of | ​ | Investment
​ | ​ | ​ | ​ | ​ | ​ | Gross | ​ | of | ​ | of | ​ | ​ | ​ | ​ | ​ | SNF | ​ | ALF | ​ | per
Interest Rate | ​ | Maturity | ​ | State | ​ | Investment | ​ | Property | ​ | Investment | ​ | Loans (1) | ​ | Properties (2) | ​ | Beds | ​ | Units | ​ | Bed/Unit
7.5% | ​ | 2024 | ​ | MO | ​ | $ | 1,961 | ​ | OTH | ​ | 0.4 | % | 1 | ​ | — | (3) | — | ​ | — | ​ | $ | n/a
7.5% | ​ | 2024 | ​ | LA | ​ | ​ | 29,346 | ​ | SNF | ​ | 6.2 | % | 1 | ​ | 1 | ​ | 189 | ​ | — | ​ | $ | 155.27
7.5% | ​ | 2024 | ​ | GA | ​ | ​ | 51,111 | (4) | ALF | ​ | 10.7 | % | 1 | ​ | 1 | ​ | — | ​ | 203 | ​ | $ | 251.78
7.8% | ​ | 2025 | ​ | FL | ​ | ​ | 16,525 | ​ | ALF | ​ | 3.5 | % | 1 | ​ | 1 | ​ | — | ​ | 68 | ​ | $ | 243.01
7.3% | ​ | 2025 | ​ | NC | ​ | ​ | 10,750 | (4) | ALF | ​ | 2.3 | % | 1 | ​ | 1 | ​ | — | ​ | 45 | ​ | $ | 238.89
7.3% (5) | ​ | 2025 | ​ | NC/SC | ​ | ​ | 56,855 | ​ | ALF | ​ | 11.9 | % | 1 | ​ | 13 | ​ | — | ​ | 523 | ​ | $ | 108.71
7.3% (5) | ​ | 2026 | ​ | NC | ​ | ​ | 34,043 | ​ | ALF | ​ | 7.1 | % | 1 | ​ | 4 | ​ | — | ​ | 217 | ​ | $ | 156.88
7.3% (5) | ​ | 2026 | ​ | NC | ​ | ​ | 826 | ​ | OTH | ​ | 0.2 | % | 1 | ​ | — | (6) | — | ​ | — | ​ | $ | —
8.8% | ​ | 2028 | ​ | IL | ​ | ​ | 16,500 | (7) | SNF | ​ | 3.5 | % | 1 | ​ | 1 | ​ | 150 | ​ | — | ​ | $ | 110.00
10.6% (8) | ​ | 2043 | ​ | MI | ​ | ​ | 184,222 | ​ | SNF | ​ | 38.6 | % | 1 | ​ | 15 | ​ | 1,875 | ​ | — | ​ | $ | 98.25
9.6% (8) | ​ | 2045 | ​ | MI | ​ | ​ | 40,000 | ​ | SNF | ​ | 8.4 | % | 1 | ​ | 4 | ​ | 480 |  | — | ​ | $ | 83.33
10.1% | ​ | 2045 | ​ | MI | ​ |  | 19,750 | ​ | SNF | ​ | 4.1 | % | 1 | ​ | 2 | ​ | 201 |  | — | ​ | $ | 98.26
10.3% (8) | ​ | 2045 | ​ | MI | ​ | ​ | 14,850 | ​ | SNF | ​ | 3.1 | % | 1 | ​ | 1 | ​ | 146 | ​ | — | ​ | $ | 101.71
Total | ​ | ​ | ​ | ​ | ​ | $ | 476,739 | ​ | ​ | ​ | 100.0 | % | 13 | ​ | 44 | ​ | 3,041 |  | 1,056 | ​ | $ | 116.36
(1) | Some loans contain certain guarantees and provide for certain facility fees.
​
(2) | Our mortgage loans are secured by properties located in eight states with seven borrowers.
​
(3) | Represents a mortgage loan secured by a parcel of land for the future development of a 91-bed post-acute SNF.
​
(4) | We originated a $10,750 mortgage loan secured by a 45-unit 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%. Additionally, we invested $51,111 in an existing mortgage loan secured by a 203-unit ILF, ALF and MC located in Georgia by acquiring a participating interest owned by existing lenders for $42,251 in addition to converting our $7,461 mezzanine loan in the property into a participating interest in the mortgage loan. The mortgage loan matures in October 2024 and our investment is at an initial rate of 7.5% with an IRR of 7.75%. We recorded $1,380 of additional interest income in connection with the effective prepayment of the mezzanine loan in the first quarter of 2023.
​
(5) | Represents the initial rate with 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) | We originated a $16,500 senior loan for the purchase of a 150-bed SNF in Illinois. The mortgage loan matures in June 2028 and our investment is at an interest rate of 8.75%.
​
(8) | Mortgage loans provide for 2.25% annual increases in the interest rate.
Schedule of mortgage loan activity | The following table summarizes our mortgage loan activity for the six months ended June 30, 2023 and 2022 (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Six Months Ended June 30,
​ | ​ | 2023 | ​ | ​ | 2022 | ​
Originations and funding under mortgage loans receivable | ​ | $ | 81,727 | (1) | ​ | $ | 33,910 | (2)
Application of interest reserve | ​ | ​ | 1,609 | ​ | ​ | ​ | 2,451 | ​
Scheduled principal payments received | ​ | ​ | (251) | ​ | ​ | ​ | (625) | ​
Mortgage loan premium amortization | ​ | ​ | (4) | ​ | ​ | ​ | (3) | ​
Provision for loan loss reserve | ​ | ​ | (831) | ​ | ​ | ​ | (358) | ​
Net increase in mortgage loans receivable | ​ | $ | 82,250 | ​ | ​ | $ | 35,375 | ​
(1) | We originated a $10,750 mortgage loan secured by a 45-unit 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%. Additionally, we invested $51,111 in an existing mortgage loan secured by a 203-unit ILF, ALF and MC located in Georgia by acquiring a participating interest owned by existing lenders for $42,251 in addition to converting our $7,461 mezzanine loan in the property into a participating interest in the mortgage loan. The mortgage loan matures in October 2024 and our investment is at an initial rate of 7.5% with an IRR of 7.75%. We recorded $1,380 of additional interest income in connection with the effective prepayment of the mezzanine loan in the first quarter of 2023. Also, we originated a $16,500 senior loan for the purchase of a 150-bed SNF in Illinois. The mortgage loan matures in June 2028 and our investment is at an interest rate of 8.75%.
​
(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%.

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 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 the entity's investment in owned properties. + References No definition available. + Details
Name: | ltc_ScheduleOfInvestmentsInOwnedPropertiesTableTextBlock
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 components of income from operating lease. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479773/842-30-50-5 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 270 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6A -Publisher FASB -URI https://asc.fasb.org//1943274/2147482964/270-10-50-6A + 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 -Name Accounting Standards Codification -Topic 470 -SubTopic 30 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481212/470-30-50-1 + 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