XML 67 R56.htm IDEA: XBRL DOCUMENT
v3.24.3

Notes Receivable - New Loan Commitment (Details) |  | 3 Months Ended | 9 Months Ended |
--- | --- | --- | --- | ---
Oct. 01, 2024 USD ($) item | Mar. 31, 2023 USD ($) | Sep. 30, 2024 USD ($) item | Sep. 30, 2023 USD ($) item | Dec. 31, 2023 USD ($) item
Notes Receivable |  |  |  |  |
Gross Investment |  |  | $ 1,342,188,000 |  |
Principal payments received under notes receivable |  |  | (13,268,000) | $ (14,537,000) |
Notes receivable, net of credit loss reserve |  |  | 47,691,000 |  | $ 60,490,000
Principal payments received on notes receivable |  |  | $ 13,268,000 | 7,077,000 |
Number of units | item |  |  | 466 |  |
Additional interest income related to the exit IRR |  |  |  | 1,380,000 |
Pay-offs received |  |  | $ (34,094,000) |  |
Mortgage Loans |  |  |  |  |
Notes Receivable |  |  |  |  |
Gross Investment |  |  | 364,414,000 |  |
ALF/ILF/MC | Georgia | Mortgage Loans |  |  |  |  |
Notes Receivable |  |  |  |  |
Gross Investment |  |  |  | $ 51,111,000 |
Number of units | item |  |  |  | 203 |
Loan principal amount |  |  |  | $ 7,461,000 |
New master lease agreement |  |  |  |  |
Notes Receivable |  |  |  |  |
Repayment on working capital |  |  | 11,986,000 |  |
Gross Investment |  |  | $ 13,531,000 |  |
Number of units | item |  |  | 666 |  | 1,473
Working capital loans |  |  |  |  |
Notes Receivable |  |  |  |  |
Principal payments received under notes receivable |  |  | $ 1,282,000 |  |
Notes receivable, net of credit loss reserve |  |  | 1,545,000 |  |
Working capital loans | Master lease agreement |  |  |  |  |
Notes Receivable |  |  |  |  |
Gross Investment |  |  | 13,531,000 |  |
Principal payments received under notes receivable |  |  | 11,986,000 |  |
Notes receivable, net of credit loss reserve |  |  | $ 1,545,000 |  |
Mezzanine loan |  |  |  |  |
Notes Receivable |  |  |  |  |
Principal payments received on notes receivable |  |  |  | 4,545,000 |
Exit IRR |  |  |  | $ 190,000 |
Number of units | item |  |  |  | 136 |
Additional interest income related to the exit IRR |  | $ 1,380,000 |  |  |
Mezzanine loan | ALF/ILF/MC | Georgia |  |  |  |  |
Notes Receivable |  |  |  |  |
Gross Investment |  |  |  | $ 42,251,000 |
ALF 203 | Georgia | Subsequent Event |  |  |  |  |
Notes Receivable |  |  |  |  |
Number of units | item | 203 |  |  |  |
Pay-offs received | $ 51,111,000 |  |  |  |

X
- Definition The amount of interest income on investment in real estate mortgage loans. + References No definition available. + Details
Name: | ltc_InvestmentInMortgageLoansOnRealEstateInterestIncome
Namespace Prefix: | ltc_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The amount of prepayment fee and exit internal rate of return received from notes receivable. + References No definition available. + Details
Name: | ltc_NotesReceivablePrepaymentFeeAndExitInternalRateOfReturn
Namespace Prefix: | ltc_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The amount of principal amount of notes receivable. + References No definition available. + Details
Name: | ltc_NotesReceivablePrincipalAmount
Namespace Prefix: | ltc_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition The cash inflow associated with principal collections and conversion of debt from a borrowing supported by a written promise to pay an obligation. + References No definition available. + Details
Name: | ltc_ProceedsFromCollectionAndConversionOfNotesReceivable
Namespace Prefix: | ltc_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Represents the proceeds received from the early payoff of a mortgage loan. + References No definition available. + Details
Name: | ltc_ProceedsFromPayoffOfMortgageLoan
Namespace Prefix: | ltc_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

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 Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 310 -SubTopic 20 -Name Accounting Standards Codification -Section 40 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481628/310-20-40-7 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481990/310-10-45-2 + Details
Name: | us-gaap_AccountsNotesAndLoansReceivableLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amortized cost excluding accrued interest, after allowance for credit loss, of financing receivable. Excludes net investment in lease. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479344/326-20-45-1 + Details
Name: | us-gaap_FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

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

X
- Definition The net amount paid or received by the reporting entity associated with purchase (sale or collection) of loans receivable arising from the financing of goods and services. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-8 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 45 -Paragraph 9 -Subparagraph (b) -SubTopic 10 -Topic 230 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-9 + Details
Name: | us-gaap_PaymentsForProceedsFromLoansReceivable
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The cash inflow associated with principal collections from a borrowing supported by a written promise to pay an obligation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 12 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-12 + Details
Name: | us-gaap_ProceedsFromCollectionOfNotesReceivable
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://www.xbrl.org/2003/role/disclosureRef -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/2003/role/disclosureRef -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_RealEstateInvestmentPropertyAtCost
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Details
Name: | us-gaap_FinancingReceivablePortfolioSegmentAxis=us-gaap_MortgagesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

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

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

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

X
- Details
Name: | us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=ltc_WorkingCapitalLoansReceivableMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

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

X
- Details
Name: | us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=ltc_MezzanineLoansReceivableMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_PropertyPlantAndEquipmentByTypeAxis=ltc_IndependentLivingCommunitiesPropertyWith203UnitsMember
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: |