XML 49 R28.htm IDEA: XBRL DOCUMENT

SCHEDULE III REAL ESTATE AND ACCUMULATED DEPRECIATION

12 Months Ended

Dec. 31, 2024

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, 2024
								Building and			to						Building and						Accum			Construction/		Acquisition
		Encumbrances			Land			improvements			acquisition			Land			improvements			Total ⁽¹⁾			deprec.			renovation date		date
Skilled Nursing Properties:
218 Albuquerque, NM		$	—		$	1,696		$	3,891		$	1,482		$	1,696		$	5,373		$	7,069		$	2,582		2023		2005
219 Albuquerque, NM			—			1,950			8,910			923			1,950			9,833			11,783			5,008		1982		2005
220 Albuquerque, NM			—			2,463			7,647			290			2,463			7,937			10,400			4,135		1970		2005
252 Amarillo, TX			—			844			—			7,925			844			7,925			8,769			2,796		2013		2011
247 Arlington, TX			—			1,016			13,649			341			1,016			13,990			15,006			5,744		2007		2011
325 Austin, TX			—			896			9,562			174			896			9,736			10,632			765		2017		2022
319, Blue Springs, MO			—			2,644			13,942			73			2,644			14,015			16,659			2,765		2020		2019
007 Bradenton, FL			—			330			2,720			160			330			2,880			3,210			2,571		2012		1993
256 Brownwood, TX			—			164			6,336			78			164			6,414			6,578			2,623		2011		2012
177 Chesapeake, VA			—			388			3,469			2,777			388			6,246			6,634			4,450		2017		1995
257 Cincinnati, OH			—			1,890			25,110			224			1,890			25,334			27,224			6,977		2009		2012
125 Clovis, NM			—			561			5,539			415			561			5,954			6,515			3,445		2006		2001
129 Clovis, NM			—			598			5,902			652			598			6,554			7,152			3,559		1995		2001
267 Cold Spring, KY			—			2,050			21,496			196			2,050			21,692			23,742			6,753		2014		2012
253 Colton, CA			—			2,474			15,158			—			2,474			15,158			17,632			5,636		1990		2011
246 Crowley, TX			—			2,247			14,276			526			2,247			14,802			17,049			6,082		2007		2011
235 Daleville, VA			—			279			8,382			—			279			8,382			8,661			3,560		2005		2010
258 Dayton, OH			—			373			26,627			—			373			26,627			27,000			7,418		2010		2012
196 Dresden, TN			—			31			1,529			1,073			31			2,602			2,633			1,538		2014		2000
298 Forth Worth, TX			—			2,785			7,546			797			2,785			8,343			11,128			3,928		1998		2015
326 Forth Worth, TX			—			922			12,268			221			922			12,489			13,411			1,009		2017		2022
026 Gardendale, AL			—			100			7,550			2,769			100			10,319			10,419			7,765		2011		1996
248 Granbury, TX			—			836			6,693			600			836			7,293			8,129			3,603		2008		2011
250 Hewitt, TX			—			1,780			8,220			772			1,780			8,992			10,772			3,371		2008		2011
318 Kansas City, MO			—			1,229			18,369			69			1,229			18,438			19,667			2,784		2018		2019
008 Lecanto, FL			—			351			2,665			2,737			351			5,402			5,753			4,562		2012		1993
322 Longview, TX			—			1,405			12,176			—			1,405			12,176			13,581			2,124		2014		2020
300 Mansfield, TX			—			2,890			13,110			—			2,890			13,110			16,000			4,353		2015		2016
053 Mesa, AZ			—			305			6,909			1,876			305			8,785			9,090			7,099		1996		1996
242 Mission, TX			—			1,111			16,602			421			1,111			17,023			18,134			6,617		2004		2010
233 Nacogdoches, TX			—			394			7,456			268			394			7,724			8,118			3,234		1991		2010
249 Nacogdoches, TX			—			1,015			11,109			621			1,015			11,730			12,745			5,211		2007		2011
245 Newberry, SC			—			439			4,639			1,047			439			5,686			6,125			2,634		1995		2011
244 Newberry, SC			—			919			5,454			556			919			6,010			6,929			2,728		2001		2011
251 Pasadena, TX			—			1,155			14,345			522			1,155			14,867			16,022			5,463		2005		2011
193 Phoenix, AZ			—			300			9,703			92			300			9,795			10,095			7,112		1985		2000
094 Portland, OR			—			100			1,925			3,152			100			5,077			5,177			4,362		2007		1997
254 Red Oak, TX			—			1,427			17,173			540			1,427			17,713			19,140			6,599		2002		2012
197 Ripley, TN			—			20			985			1,638			20			2,623			2,643			1,616		2014		2000
324 San Antonio, TX			—			1,676			15,470			307			1,676			15,777			17,453			1,209		2018		2022
281 Slinger, WI			—			464			13,482			—			464			13,482			13,946			4,803		2014		2015
234 St. Petersburg, FL			—			1,070			7,930			500			1,070			8,430			9,500			3,295		1988		2010
243 Stephenville, TX			—			670			10,117			774			670			10,891			11,561			4,449		2009		2010
178 Tappahannock, VA			—			375			1,327			397			375			1,724			2,099			1,610		1978		1995

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, 2024
								Building and			to						Building and						Accum			Construction/		Acquisition
		Encumbrances			Land			improvements			acquisition			Land			improvements			Total ⁽¹⁾			deprec.			renovation date		date
270 Trinity, FL		$	—		$	1,653		$	12,748		$	—		$	1,653		$	12,748		$	14,401		$	4,487		2008		2013
192 Tucson, AZ			—			276			8,924			112			276			9,036			9,312			6,555		1992		2000
305 Union, KY			—			858			24,116			—			858			24,116			24,974			4,781		2019		2016
299 Weatherford, TX			—			836			11,902			610			836			12,512			13,348			5,005		1996		2015
323 Webster, TX			—			2,310			8,713			206			2,310			8,919			11,229			762		2018		2022
236 Wytheville, VA			—			647			12,167			—			647			12,167			12,814			5,859		1996		2010
Skilled Nursing Properties		$	—		$	53,212		$	505,938		$	38,913		$	53,212		$	544,851		$	598,063		$	207,396
Assisted Living Properties:
105 Arvada, CO			—			100			2,810			7,767			100			10,577			10,677			4,585		2014		1997
304 Athens, GA			—			983			13,326			789			983			14,115			15,098			3,216		2016		2016
320 Auburn Hills, MI			—			1,964			4,577			1,377			1,964			5,954			7,918			1,806		1995		2019
269 Aurora, CO			—			850			8,583			114			850			8,697			9,547			3,018		2014		2013
260 Aurora, CO			—			831			10,071			327			831			10,398			11,229			3,394		1999		2012
277 Burr Ridge, IL			—			1,400			11,102			234			1,400			11,336			12,736			3,384		2016		2014
330 Centerville, OH			—			2,678			52,036			68			2,678			52,104			54,782			3,452		2019		2023
263 Chatham, NJ			—			5,365			36,399			587			5,365			36,986			42,351			11,983		2002		2012
307 Clovis, CA			—			2,542			19,126			—			2,542			19,126			21,668			4,121		2014		2017
308 Clovis, CA			—			3,054			14,172			—			3,054			14,172			17,226			2,937		2016		2017
279 Corpus Christi, TX			—			880			5,421			423			880			5,844			6,724			3,384		2016		2015
292 De Forest, WI			—			485			5,568			109			485			5,677			6,162			1,467		2006		2015
057 Dodge City, KS			—			84			1,666			693			84			2,359			2,443			1,261		2024		1995
083 Durant, OK			—			100			1,769			162			100			1,931			2,031			1,289		1997		1997
107 Edmond, OK			—			100			1,212			703			100			1,915			2,015			1,345		1996		1997
163 Ft. Collins, CO			—			100			2,961			3,834			100			6,795			6,895			3,613		2014		1999
170 Ft. Collins, CO			—			100			3,400			5,462			100			8,862			8,962			4,307		2014		1999
315 Ft. Worth, TX			—			1,534			11,099			120			1,534			11,219			12,753			2,073		2014		2018
100 Fremont ,OH			—			100			1,655			729			100			2,384			2,484			1,844		2024		1997
314 Frisco, TX			—			2,216			10,417			256			2,216			10,673			12,889			1,992		2015		2018
296 Glenview, IL			—			2,800			14,248			13			2,800			14,261			17,061			3,582		2017		2015
167 Goldsboro, NC			—			100			2,385			227			100			2,612			2,712			1,351		1998		1999
056 Great Bend, KS			—			399			1,570			309			399			1,879			2,278			1,345		1995		1995
102 Greeley, CO			—			100			2,310			987			100			3,297			3,397			1,894		2024		1997
284 Green Bay, WI			—			1,660			19,079			571			1,660			19,650			21,310			5,543		2004		2015
286 Greenfield, WI			—			818			8,014			474			818			8,488			9,306			2,214		2007		2015
164 Greenville, NC			—			100			2,478			329			100			2,807			2,907			1,590		1998		1999
310 Kansas City, MO			—			1,072			15,552			—			1,072			15,552			16,624			2,892		2017		2017
285 Kenosha, WI			—			936			12,361			501			936			12,862			13,798			3,337		2008		2015
255 Littleton, CO			—			1,882			8,248			101			1,882			8,349			10,231			2,596		2013		2012
268 Littleton, CO			—			1,200			8,688			106			1,200			8,794			9,994			3,133		2014		2013
148 Longmont, CO			—			100			2,640			1,012			100			3,652			3,752			1,822		2024		1998
261 Louisville, CO			—			911			11,703			390			911			12,093			13,004			3,909		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, 2024
									Building and		to						Building and						Accum			Construction/		Acquisition
		Encumbrances			Land				improvements		acquisition			Land			improvements			Total ⁽¹⁾			deprec.			renovation date		date
114 Loveland, CO		$	—		$	100		$	2,865		$	616		$	100		$	3,481		$	3,581		$	2,173		1997		1997
293 McHenry, IL			—			1,289			28,976			1,852			1,289			30,828			32,117			7,890		2005		2015
058 McPherson, KS			—			79			1,571			773			79			2,344			2,423			1,371		2024		1995
313 Medford, OR						636			17,816			—			636			17,816			18,452			3,094		2020		2018
316 Medford, OR			—			750			13,650			250			750			13,900			14,650			2,762		2005		2018
280 Murrells Inlet, SC			—			2,490			14,185			494			2,490			14,679			17,169			4,196		2016		2015
294 Murrieta, CA			—			2,022			11,136			33			2,022			11,169			13,191			3,228		2016		2015
289 Neenah, WI			—			694			20,839			852			694			21,691			22,385			5,426		1991		2015
166 New Bern, NC			—			100			2,427			260			100			2,687			2,787			1,384		1998		1999
118 Newark, OH			—			100			2,435			865			100			3,300			3,400			1,924		2024		1997
306 Oak Lawn, IL			—			1,591			13,772			64			1,591			13,836			15,427			3,137		2018		2016
302 Overland Park, KS			—			1,951			11,882			390			1,951			12,272			14,223			3,238		2013		2016
165 Rocky Mount, NC			—			100			2,494			515			100			3,009			3,109			1,559		1998		1999
059 Salina, KS			—			79			1,571			570			79			2,141			2,220			1,430		2024		1995
084 San Antonio, TX			—			100			1,900			370			100			2,270			2,370			1,357		1997		1997
092 San Antonio, TX			—			100			2,055			614			100			2,669			2,769			1,670		1997		1997
288 Sheboygan, WI			—			1,168			5,382			388			1,168			5,770			6,938			1,719		2006		2015
149 Shelby, NC			—			100			2,805			559			100			3,364			3,464			2,009		1998		1998
312 Spartanburg, SC			—			254			9,906			1,520			254			11,426			11,680			3,760		1999		2017
103 Springfield, OH			—			100			2,035			670			100			2,705			2,805			1,640		1997		1997
321 Sterling Heights, MI			—			1,133			11,487			1,190			1,133			12,677			13,810			2,776		1997		2019
098 Tiffin, OH			—			100			2,435			842			100			3,277			3,377			1,881		2024		1997
282 Tinley Park, IL			—			702			11,481			139			702			11,620			12,322			3,228		2016		2015
088 Troy, OH			—			100			2,435			1,436			100			3,871			3,971			2,229		1997		1997
080 Tulsa, OK			—			200			1,650			156			200			1,806			2,006			1,227		1997		1997
093 Tulsa, OK			—			100			2,395			47			100			2,442			2,542			1,681		1997		1997
075 Tyler, TX			—			100			1,800			660			100			2,460			2,560			1,386		2023		1996
091 Waco, TX			—			100			2,235			1,272			100			3,507			3,607			1,878		2024		1997
108 Watauga, TX			—			100			1,668			337			100			2,005			2,105			1,186		1996		1997
109 Weatherford, OK			—			100			1,669			703			100			2,372			2,472			1,589		1996		1997
309 West Chester, OH			—			2,355			13,553			253			2,355			13,806			16,161			3,112		2017		2017
276 Westminster, CO			—			1,425			9,575			111			1,425			9,686			11,111			3,200		2015		2013
110 Wheelersburg, OH			—			29			2,435			685			29			3,120			3,149			1,916		2024		1997
303 Wichita, KS			—			1,422			9,957			332			1,422			10,289			11,711			2,808		2011		2016
259 Wichita, KS			—			730			—			9,682			730			9,682			10,412			3,339		2013		2012
283 Wichita, KS			—			624			13,946			—			624			13,946			14,570			3,017		2016		2015
076 Wichita Falls, TX			—			100			1,850			342			100			2,192			2,292			1,375		1996		1996
264 Williamstown, NJ			—			711			6,637			—			711			6,637			7,348			2,302		2000		2012
265 Williamstown, NJ			—			711			8,649			—			711			8,649			9,360			2,839		2000		2012
Assisted Living Properties		$	—		$	62,189		$	602,205		$	58,616		$	62,189		$	660,821		$	723,010		$	197,615

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, 2024
								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			1,789			1,965			9,097			11,062			2,219		1990/1994		2015
Properties			—			1,965			7,308			1,789			1,965			9,097			11,062			2,219
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			1,789			2,908			9,097			12,005			2,219
		$	—		$	118,309		$	1,115,451		$	99,318		$	118,309		$	1,214,769		$	1,333,078	⁽²⁾	$	407,230

(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, 2024, our aggregate cost for Federal income tax purposes was $1,339,819 (unaudited).

LTC PROPERTIES, INC.

SCHEDULE III

REAL ESTATE AND ACCUMULATED DEPRECIATION (Continued)

(in thousands)

Activity for the years ended December 31, 2024, 2023 and 2022 is as follows:


		For the Year Ended December 31,
		2024			2023			2022
Reconciliation of real estate:
Carrying cost:
Balance at beginning of period		$	1,379,332		$	1,410,705		$	1,408,557
Acquisitions			319			54,714			51,817
Improvements			13,675			9,686			9,099
Capitalized interest			—			—			—
Cost of real estate sold			(53,295)			(79,998)			(55,346)
Impairment loss from real estate investments			(6,953)			(15,775)			(3,422)
Ending balance		$	1,333,078		$	1,379,332		$	1,410,705
Accumulated depreciation:
Balance at beginning of period		$	391,367		$	391,487		$	374,606
Depreciation expense			36,223			37,303			37,394
Cost of real estate sold			(20,360)			(37,423)			(20,513)
Ending balance		$	407,230		$	391,367		$	391,487