XML 58 R47.htm IDEA: XBRL DOCUMENT
v3.24.3

Real Estate Investments - Properties Sold (Details) |  | 1 Months Ended | 3 Months Ended | 9 Months Ended | 12 Months Ended
--- | --- | --- | --- | --- | ---
Oct. 01, 2024 USD ($) | Oct. 31, 2024 USD ($) | Sep. 30, 2024 USD ($) | Dec. 31, 2023 USD ($) | Sep. 30, 2023 USD ($) | Jun. 30, 2023 USD ($) | Sep. 30, 2024 USD ($) property item | Sep. 30, 2023 USD ($) | Dec. 31, 2023 USD ($) property item
Disposals and other |  |  |  |  |  |  |  |  |
Carrying value |  |  | $ 942,314,000 | $ 987,965,000 |  |  | $ 942,314,000 |  | $ 987,965,000
Net gain (loss) |  |  | 3,663,000 |  | $ 4,870,000 |  | 6,882,000 | $ 20,545,000 |
Distributions paid to non-controlling interests related to property sale |  |  |  |  |  |  | 2,305,000 |  |
Rental income |  |  | 32,258,000 |  | 31,589,000 |  | $ 97,464,000 | 94,861,000 |
ALF | Florida |  |  |  |  |  |  |  |  |
Disposals and other |  |  |  |  |  |  |  |  |
Sales price |  |  |  |  |  | $ 4,850,000 |  |  |
Net gain (loss) |  |  |  |  |  | $ 64,000 |  |  |
ALF | Mississippi |  |  |  |  |  |  |  |  |
Disposals and other |  |  |  |  |  |  |  |  |
Sales price |  |  |  | 1,650,000 |  |  |  |  |
Net gain (loss) |  |  |  | 219,000 |  |  |  |  |
Properties sold |  |  |  |  |  |  |  |  |
Disposals and other |  |  |  |  |  |  |  |  |
Number of properties sold | property |  |  |  |  |  |  | 10 |  | 10
Number of beds or units in property sold | item |  |  |  |  |  |  | 458 |  | 651
Sales price |  |  |  |  |  |  | $ 34,752,000 |  | $ 53,212,000
Carrying value |  |  | 26,759,000 | 30,865,000 |  |  | 26,759,000 |  | 30,865,000
Net gain (loss) |  |  | 3,663,000 |  | $ 4,870,000 |  | 6,882,000 | $ 20,545,000 |
Net (Loss) Gain |  |  |  |  |  |  | (60,000) |  | $ 20,545,000
Properties sold | Subsequent Event |  |  |  |  |  |  |  |  |
Disposals and other |  |  |  |  |  |  |  |  |
Sales price | $ 5,250,000 |  |  |  |  |  |  |  |
Carrying value | $ 5,852,000 |  |  |  |  |  |  |  |
Net gain (loss) |  | $ 4,058,000 |  |  |  |  |  |  |
Properties sold | ALF |  |  |  |  |  |  |  |  |
Disposals and other |  |  |  |  |  |  |  |  |
Carrying value |  |  | 4,058,000 |  |  |  | $ 4,058,000 |  |
Properties sold | ALF | Florida |  |  |  |  |  |  |  |  |
Disposals and other |  |  |  |  |  |  |  |  |
Number of properties sold | property |  |  |  |  |  |  | 1 |  | 1
Number of beds or units in property sold | item |  |  |  |  |  |  | 60 |  | 70
Sales price |  |  |  |  |  |  | $ 4,500,000 |  | $ 4,850,000
Carrying value |  |  | 4,579,000 | 4,082,000 |  |  | 4,579,000 |  | 4,082,000
Net (Loss) Gain |  |  |  |  |  |  | $ (289,000) |  | $ 65,000
Properties sold | ALF | Kentucky |  |  |  |  |  |  |  |  |
Disposals and other |  |  |  |  |  |  |  |  |
Number of properties sold | property |  |  |  |  |  |  |  |  | 1
Number of beds or units in property sold | item |  |  |  |  |  |  |  |  | 60
Sales price |  |  |  |  |  |  |  |  | $ 11,000,000
Carrying value |  |  |  | 10,720,000 |  |  |  |  | 10,720,000
Net (Loss) Gain |  |  |  |  |  |  |  |  | $ 57,000
Properties sold | ALF | New Jersey |  |  |  |  |  |  |  |  |
Disposals and other |  |  |  |  |  |  |  |  |
Number of properties sold | property |  |  |  |  |  |  |  |  | 1
Number of beds or units in property sold | item |  |  |  |  |  |  |  |  | 39
Sales price |  |  |  |  |  |  |  |  | $ 2,000,000
Carrying value |  |  |  | 1,552,000 |  |  |  |  | 1,552,000
Net (Loss) Gain |  |  |  |  |  |  |  |  | $ 266,000
Properties sold | ALF | Nebraska |  |  |  |  |  |  |  |  |
Disposals and other |  |  |  |  |  |  |  |  |
Number of properties sold | property |  |  |  |  |  |  |  |  | 3
Number of beds or units in property sold | item |  |  |  |  |  |  |  |  | 117
Sales price |  |  |  |  |  |  |  |  | $ 2,984,000
Carrying value |  |  |  | 2,934,000 |  |  |  |  | $ 2,934,000
Properties sold | ALF | Pennsylvania |  |  |  |  |  |  |  |  |
Disposals and other |  |  |  |  |  |  |  |  |
Number of properties sold | property |  |  |  |  |  |  |  |  | 2
Number of beds or units in property sold | item |  |  |  |  |  |  |  |  | 130
Sales price |  |  |  |  |  |  |  |  | $ 11,128,000
Carrying value |  |  |  | 6,054,000 |  |  |  |  | 6,054,000
Net (Loss) Gain |  |  |  |  |  |  |  |  | $ 4,870,000
Properties sold | ALF | Texas |  |  |  |  |  |  |  |  |
Disposals and other |  |  |  |  |  |  |  |  |
Number of properties sold | property |  |  |  |  |  |  | 5 |  |
Number of beds or units in property sold | item |  |  |  |  |  |  | 208 |  |
Sales price |  |  |  |  |  |  | $ 1,600,000 |  |
Carrying value |  |  | 1,282,000 |  |  |  | 1,282,000 |  |
Net (Loss) Gain |  |  |  |  |  |  | $ (390,000) |  |
Properties sold | ALF | Texas | 1 Property obtained from JV |  |  |  |  |  |  |  |  |
Disposals and other |  |  |  |  |  |  |  |  |
Number of properties sold | property |  |  |  |  |  |  | 1 |  |
Number of beds or units in property sold | item |  |  |  |  |  |  | 80 |  |
Sales price |  |  |  |  |  |  | $ 7,959,000 |  |
Carrying value |  |  | 4,314,000 |  |  |  | 4,314,000 |  |
Net (Loss) Gain |  |  |  |  |  |  | 3,635,000 |  |
Rental income |  |  |  |  |  |  | $ 441,000 |  |
Properties sold | ALF | Texas | 2 Properties obtained from JV |  |  |  |  |  |  |  |  |
Disposals and other |  |  |  |  |  |  |  |  |
Number of properties sold | property |  |  |  |  |  |  | 2 |  |
Sales price |  |  |  |  |  |  | $ 500,000 |  |
Carrying value |  |  | 389,000 |  |  |  | $ 389,000 |  |
Properties sold | ALF | Wisconsin |  |  |  |  |  |  |  |  |
Disposals and other |  |  |  |  |  |  |  |  |
Number of properties sold | property |  |  |  |  |  |  | 1 |  |
Number of beds or units in property sold | item |  |  |  |  |  |  | 110 |  |
Sales price |  |  |  |  |  |  | $ 20,193,000 |  |
Carrying value |  |  | $ 16,195,000 |  |  |  | 16,195,000 |  |
Net (Loss) Gain |  |  |  |  |  |  | 3,986,000 |  |
Distributions paid to non-controlling interests related to property sale |  |  |  |  |  |  | $ 2,305,000 |  |
Properties sold | SNF | New Mexico |  |  |  |  |  |  |  |  |
Disposals and other |  |  |  |  |  |  |  |  |
Number of properties sold | property |  |  |  |  |  |  |  |  | 2
Number of beds or units in property sold | item |  |  |  |  |  |  |  |  | 235
Sales price |  |  |  |  |  |  |  |  | $ 21,250,000
Carrying value |  |  |  | $ 5,523,000 |  |  |  |  | 5,523,000
Net (Loss) Gain |  |  |  |  |  |  |  |  | $ 15,287,000

X
- Definition Distributions paid to non-controlling interest related to property sale. + References No definition available. + Details
Name: | ltc_DistributionsPaidToNoncontrollingInterestRelatedToPropertySale
Namespace Prefix: | ltc_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition The amount of gain (loss) on prior period sale of properties of which holdback payments and other accounting adjustments are received during the period. + References No definition available. + Details
Name: | ltc_GainLossOnPriorPeriodSaleOfPropertiesHoldbackPaymentsAndAccountingAdjustment
Namespace Prefix: | ltc_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The number of beds or units in a real estate property sold by the entity. + References No definition available. + Details
Name: | ltc_NumberOfBedsOrUnitsInRealEstatePropertySold
Namespace Prefix: | ltc_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | duration

X
- Definition The number of real estate properties sold by the entity. + References No definition available. + Details
Name: | ltc_NumberOfRealEstatePropertiesSold
Namespace Prefix: | ltc_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | duration

X
- Definition Sales price of real estate or properties that were intended to be sold or held for capital appreciation or rental income. + References No definition available. + Details
Name: | ltc_SalesPriceOfRealEstateHeldForInvestment
Namespace Prefix: | ltc_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition The difference between the carrying value and the sale price of real estate or properties that were intended to be sold or held for capital appreciation or rental income. This element refers to the gain (loss) included in earnings and not to the cash proceeds of the sale. This element is a noncash adjustment to net income when calculating net cash generated by operating activities using the indirect method. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 28 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-28 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 360 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482130/360-10-45-5 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 360 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482099/360-10-50-3 + Details
Name: | us-gaap_GainLossOnSaleOfProperties
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

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 -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 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479016/842-30-45-3 + Details
Name: | us-gaap_OperatingLeaseLeaseIncome
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

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

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://www.xbrl.org/2009/role/commonPracticeRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(1)(d)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(1)(6)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1 + Details
Name: | us-gaap_RealEstateInvestmentPropertyNet
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

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

X
- Details
Name: | us-gaap_DisposalGroupClassificationAxis=us-gaap_DisposalGroupDisposedOfBySaleNotDiscontinuedOperationsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_SubsequentEventTypeAxis=us-gaap_SubsequentEventMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

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

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

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

X
- Details
Name: | srt_StatementGeographicalAxis=stpr_PA
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: | us-gaap_PropertyPlantAndEquipmentByTypeAxis=ltc_OneUnitFromInterestInJointVentureMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_PropertyPlantAndEquipmentByTypeAxis=ltc_TwoUnitsFromInterestInJointVentureMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

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

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

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