XML 38 R26.htm IDEA: XBRL DOCUMENT
v3.25.1

Real Estate Investments (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2025
Real Estate Investments |
Summary of investments in owned properties | The following table summarizes our investments in owned properties at March 31, 2025 (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 | ​ | $ | 719,428 | ​ | 54.1 | % | 70 | ​ | — | ​ | 4,236 | ​ | $ | 169.84 | ​
Skilled Nursing | ​ | ​ | 598,423 | ​ | 45.0 | % | 50 | ​ | 6,113 | ​ | 236 | ​ | $ | 94.25 | ​
Other (2) | ​ | ​ | 12,005 | ​ | 0.9 | % | 1 | ​ | 118 | ​ | — | ​ | ​ | — | ​
Total | ​ | $ | 1,329,856 | ​ | 100.0 | % | 121 | ​ | 6,231 | ​ | 4,472 | ​ | ​ | ​ | ​
(1) | We own properties in 23 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 three months ended March 31, 2025 and 2024 (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | March 31, | ​
Rental Income | ​ | ​ | 2025 | ​ | ​ | 2024 | ​
Contractual cash rental income | ​ | $ | 29,623 | (1) | $ | 30,951 | ​
Variable cash rental income (2) | ​ | ​ | 3,090 | ​ | ​ | 3,381 | ​
Straight-line rent | ​ | ​ | (578) | ​ | ​ | (550) | ​
Adjustment of lease incentives and rental income | ​ | ​ | (492) | (3) | ​ | — | ​
Amortization of lease incentives | ​ | ​ | (199) | ​ | ​ | (233) | ​
Total | ​ | $ | 31,444 | ​ | $ | 33,549 | ​
(1) | Decreased primarily due to a one-time revenue received in 2024 related to the repayment of $2,377 in rent credit and lower rent due to property sales, partially offset by rent increases from fair-market rent resets, annual escalations and amendments.
​
(2) | The variable rental income includes reimbursement of real estate taxes by our lessees.
​
(3) | In connection with the termination of two existing leases with the same operator, and combing them into a single master lease, we wrote-off a straight-line rent receivable of $243 and a lease incentive balance of $249.
​
Summary of information about purchase options included in our lease agreements | Some of our lease agreements provide purchase options allowing the lessees to purchase the properties they currently lease from us. The following table summarizes information about purchase options included in our lease agreements (dollar amounts in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | Type | ​ | Number | ​ | ​ | ​ | ​ | ​ | ​ | ​
Option | ​ | ​ | ​ | of | ​ | of | ​ | ​ | Gross | ​ | ​ | Net Book | ​
Window | ​ | State | ​ | Property | ​ | Properties | ​ | ​ | Investments (1) | ​ | ​ | Value | ​
2024-2028 | (2) | North Carolina | ​ | ALF | ​ | 4 | ​ | $ | 41,000 | ​ | $ | 41,000 | ​
2024-2028 | (2) | North Carolina/ South Carolina | ​ | ILF/ALF/MC | ​ | 13 | ​ | ​ | 122,460 | ​ | ​ | 122,460 | ​
2025 | (3) | Tennessee | ​ | SNF | ​ | 2 | ​ | ​ | 5,275 | ​ | ​ | 2,086 | ​
2025-2027 | (4) | Florida | ​ | SNF | ​ | 3 | ​ | ​ | 76,581 | ​ | ​ | 76,581 | ​
2025-2027 | ​ | Ohio | ​ | ILF/ALF/MC | ​ | 1 | ​ | ​ | 54,812 | ​ | ​ | 50,814 | ​
2025-2029 | (5) | North Carolina | ​ | ALF/MC | ​ | 11 | ​ | ​ | 121,419 | ​ | ​ | 121,419 | ​
2026 | ​ | South Carolina | ​ | ALF | ​ | 1 | ​ | ​ | 11,680 | ​ | ​ | 7,788 | ​
2027 | ​ | Georgia/South Carolina | ​ | ALF/MC | ​ | 2 | ​ | ​ | 32,266 | ​ | ​ | 24,623 | ​
2027-2029 | (6) | Oklahoma | ​ | ALF/MC | ​ | 4 | ​ | ​ | 9,052 | ​ | ​ | 3,200 | ​
2027-2029 | (7) | Texas | ​ | SNF | ​ | 4 | ​ | ​ | 52,726 | ​ | ​ | 48,628 | ​
2029 | ​ | Colorado/Kansas/Ohio/Texas | ​ | ALF/MC | ​ | 17 | ​ | ​ | 65,134 | ​ | ​ | 30,180 | ​
2029 | ​ | North Carolina | ​ | ALF | ​ | 5 | ​ | ​ | 15,161 | ​ | ​ | 7,144 | ​
​ | ​ | Total | ​ | ​ | ​ | 67 | ​ | $ | 607,566 | ​ | $ | 535,923 | ​
(1) | Gross investments include previously recorded impairment losses, if any.
​
(2) | The purchase option can be exercised through 2028, with an exit Internal Rate of Return (“IRR”) of 8.0%. These assets are accounted for as financing receivables. For more information see Financing Receivables below.
​
(3) | The purchase option window which expired on December 31, 2024, was extended for another year to December 31, 2025.
​
(4) | These assets are accounted for as financing receivables. For more information see Financing Receivables below.
​
(5) | The operator has the option to buy the properties in multiple tranches and in serial closings approved by LTC with an exit IRR of 9.0% on any portion of the properties being purchased. These assets are accounted for as financing receivables. For more information see Financing Receivables below.
​
(6) | The purchase option can be exercised starting in November 2027 through October 2029 if the lessee exercises its four-year extension option under the master lease.
​
(7) | The operator may elect to either receive an earn-out payment or exercise its 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 9. Commitments and Contingencies.
​
Schedule of properties held-for-sale | The following summarizes our held-for-sale properties as of March 31, 2025 and December 31, 2024 (dollar amounts in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | Type | ​ | Number | ​ | Number | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | of | ​ | of | ​ | of | ​ | ​ | Gross | ​ | ​ | Accumulated | ​
​ | ​ | State | ​ | Property | ​ | Properties | ​ | Beds/units | ​ | ​ | Investment | ​ | ​ | Depreciation | ​
At March 31, 2025 | ​ | CA/FL/VA | ​ | SNF | (1) | 7 | ​ | 896 | ​ | $ | 71,742 | ​ | $ | (29,284) | ​
At December 31, 2024 | ​ | OK | ​ | ALF | (2) | 1 | ​ | 29 | ​ | $ | 2,016 | ​ | $ | (1,346) | ​
(1) | During the three months ended March 31, 2025, we engaged a broker to sell seven SNFs under a master lease, following the operator’s election not to exercise the renewal option available under the master lease. The master lease covers SNFs in California (1), Florida (2) and Virginia (4) and matures in January 2026. At March 31, 2025, these centers met the criteria under GAAP as held-for-sale. The operator is obligated to pay rent on the portfolio through maturity and is current on rent obligations through May 2025.
​
(2) | This community was sold during the first quarter of 2025. Upon sale, the community was removed from a master lease covering five ALFs in Oklahoma and rent under the master lease was not reduced as a result of the sale.
Summary of the carrying amount of intangible assets | The following is a summary of the carrying amount of intangible assets as of March 31, 2025 and December 31, 2024 (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | March 31, 2025 | ​ | December 31, 2024
​ | ​ | ​ | ​ | ​ | ​ | ​ | Accumulated | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Accumulated | ​ | ​ | ​ | ​
Assets | ​ | ​ | Cost | ​ | ​ | ​ | Amortization | ​ | ​ | ​ | Net | ​ | ​ | Cost | ​ | ​ | ​ | Amortization | ​ | ​ | ​ | Net
In-place leases | ​ | $ | 11,047 | (1) | ​ | $ | (6,969) | (2) | ​ | $ | 4,078 | ​ | $ | 11,047 | (1) | ​ | $ | (6,758) | (2) | ​ | $ | 4,289
Tax abatement intangible | ​ | $ | 8,309 | (3) | ​ | $ | (1,271) | (3) | ​ | $ | 7,038 | ​ | $ | 8,309 | (3) | ​ | $ | (1,097) | (3) | ​ | $ | 7,212
(1) | Included in the Buildings and improvements line item in our Consolidated Balance Sheets.
​
(2) | Included in the Accumulated depreciation and amortization line item in our Consolidated Balance Sheets.
​
(3) | Included in the Prepaid expenses and other assets line item in our Consolidated Balance Sheets.
Schedule of developments and improvement projects | During the three months ended March 31, 2025 and 2024, we invested in the following capital improvement projects (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | Three Months Ended March 31, | ​
Type of Property | ​ | 2025 | ​ | 2024 | ​
Assisted Living Communities | ​ | $ | 966 | ​ | $ | 1,133 | ​
Skilled Nursing Centers | ​ | ​ | 360 | ​ | ​ | 196 | ​
Total | ​ | $ | 1,326 | ​ | $ | 1,329 | ​
Schedule of property sold | The following table summarizes property sales during the three months ended March 31, 2025 and 2024 (dollar amounts in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | Type | ​ | Number | ​ | Number | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | of | ​ | of | ​ | of | ​ | ​ | Sales | ​ | ​ | Carrying | ​ | ​ | Net | ​
Year | ​ | State | ​ | Properties | ​ | Properties | ​ | Beds/Units | ​ | ​ | Price | ​ | ​ | Value | ​ | ​ | (Loss) Gain (1) | ​
2025 | ​ | Ohio | ​ | ALF | ​ | 1 | ​ | 39 | ​ | $ | 1,000 | ​ | $ | 670 | ​ | $ | 267 | ​
​ | ​ | Oklahoma | ​ | ALF | ​ | 1 | ​ | 29 | ​ | ​ | 670 | ​ | ​ | 670 | ​ | ​ | (96) | ​
Total | ​ | ​ | ​ | ​ | ​ | 2 | ​ | 68 | ​ | $ | 1,670 | ​ | $ | 1,340 | ​ | $ | 171 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
2024 | ​ | Florida | ​ | ALF | ​ | 1 | ​ | 60 | ​ | ​ | 4,500 | ​ | ​ | 4,579 | ​ | ​ | (319) | ​
​ | ​ | Texas | ​ | ALF | ​ | 5 | ​ | 208 | ​ | ​ | 1,600 | ​ | ​ | 1,282 | ​ | ​ | (356) | ​
​ | ​ | Wisconsin | ​ | ALF | ​ | 1 | ​ | 110 | ​ | ​ | 20,193 | (2) | ​ | 16,195 | ​ | ​ | 3,986 | ​
​ | ​ | n/a | ​ | n/a | ​ | — | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (60) | (3)
Total | ​ | ​ | ​ | ​ | ​ | 7 | ​ | 378 | ​ | $ | 26,293 | ​ | $ | 22,056 | ​ | $ | 3,251 | ​
(
(1) | Calculation of net gain includes cost of sales and write-off of straight-line receivable and lease incentives, when applicable.
​
(2) | Represents the price to sell our portion of interest in a JV, net of the JV partner’s $2,305 contributions in the joint venture.
​
(3) | We recognized additional loss due to additional incurred costs related to properties sold during 2023.
​
Schedule of investments in financing receivables | The following tables provide information regarding our investments in financing receivables (dollar amounts in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Type | ​ | Number | ​ | Number | ​ | ​ | Investment
Interest | ​ | Investment | ​ | ​ | ​ | ​ | ​ | ​ | Gross | ​ | ​ | LTC | ​ | of | ​ | of | ​ | of | ​ | ​ | per
Rate | ​ | Year | ​ | Maturity | ​ | State | ​ | ​ | Investments | ​ | ​ | Investment | ​ | Properties | ​ | Properties | ​ | Beds/Units | ​ | ​ | Bed/Unit
7.25% | (1) | 2022 | ​ | 2032 | ​ | FL | ​ | $ | 76,581 | ​ | $ | 62,256 | ​ | SNF | ​ | 3 | ​ | 299 | ​ | $ | 256.12
7.25% | (2) | 2023 | ​ | 2033 | ​ | NC | ​ | ​ | 121,419 | ​ | ​ | 118,503 | ​ | ALF/MC | ​ | 11 | ​ | 523 | ​ | $ | 232.16
7.25% | (3) | 2024 | ​ | 2034 | ​ | NC/SC | ​ | ​ | 122,460 | ​ | ​ | 64,450 | ​ | ILF/ALF/MC | ​ | 13 | ​ | 523 | ​ | $ | 234.15
7.25% | (4) | 2024 | ​ | 2034 | ​ | NC | ​ | ​ | 41,000 | ​ | ​ | 37,985 | ​ | ALF | ​ | 4 | ​ | 217 | ​ | $ | 188.94
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | 361,460 | ​ | $ | 283,194 | ​ | ​ | ​ | 31 | ​ | 1,562 | ​ | ​ | ​
(1) | A purchase option available to the seller-lessee is exercisable at the beginning of the fourth lease year (2025) through the end of the fifth lease year (2027).
​
(2) | The seller-lessee has the option to buy the properties in multiple tranches and in serial closings approved by LTC with an exit IRR of 9.0% on any portion of the properties being purchased.
​ ​
(3) | During the second quarter of 2024, we funded an additional $5,546 under a mortgage loan receivable due from an ALG affiliate secured by 13 ALFs and MCs located in North Carolina (12) and South Carolina (1). We then entered into a newly formed $122,460 JV with ALG, whereby we exchanged our $64,450 mortgage loan receivable for a 53% controlling interest in the JV. Concurrently, ALG contributed these properties to the joint venture for a 47% non-controlling interest. The JV leased the properties to an ALG affiliate under a 10-year master lease, with two five-year renewal options and provided the seller-lessee with a purchase option exercisable through 2028, with an exit IRR of 8.0%.
​
(4) | During the second quarter of 2024, we funded an additional $2,766 under a mortgage loan receivable due from an ALG affiliate secured by four ALFs located in North Carolina. We then entered into a newly formed $41,000 JV with ALG, whereby we exchanged $37,985 mortgage loan receivables for a 93% controlling interest in the JV. Concurrently, ALG contributed these properties and a parcel of land to the joint venture for a 7% non-controlling interest. The JV leased the properties to an ALG affiliate under a 10-year master lease, with two five-year renewal options and provided the seller-lessee with a purchase option exercisable through 2028, with an exit IRR of 8.0%.
​
Summary of investments in mortgage loans secured by first mortgages | The following table sets forth information regarding our investments in mortgage loans secured by first mortgages at March 31, 2025 (dollar amounts in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Type | ​ | Percentage | ​ | Number of | ​ | Investment
​ | ​ | ​ | ​ | ​ | ​ | Gross | ​ | of | ​ | of | ​ | ​ | ​ | ​ | ​ | SNF | ​ | ALF | ​ | per
Interest Rate | ​ | Maturity | ​ | State | ​ | Investment | ​ | Property | ​ | Investment | ​ | Loans (2) | ​ | Properties (3) | ​ | Beds | ​ | Units | ​ | Bed/Unit
8.8% | ​ | 2025 | ​ | FL | ​ | $ | 4,000 | ​ | ALF | ​ | 1.2 | % | 1 | ​ | 2 | ​ | — | ​ | 92 | ​ | $ | 43.48
7.8% | ​ | 2025 | ​ | FL | ​ | ​ | 16,706 | ​ | ALF | ​ | 5.3 | % | 1 | ​ | 1 | ​ | — | ​ | 112 | ​ | $ | 149.16
7.3% | ​ | 2025 | ​ | NC | ​ | ​ | 10,750 | ​ | ALF | ​ | 3.4 | % | 1 | ​ | 1 | ​ | — | ​ | 45 | ​ | $ | 238.89
8.8% | ​ | 2026 | ​ | MI | ​ | ​ | 14,672 | ​ | ALF | ​ | 4.6 | % | 1 | ​ | 1 | ​ | — | ​ | 85 | ​ | $ | 172.61
8.8% | ​ | 2028 | ​ | IL | ​ | ​ | 16,500 | ​ | SNF | ​ | 5.2 | % | 1 | ​ | 1 | ​ | 150 | ​ | — | ​ | $ | 110.00
11.1% (4) | ​ | 2043 | ​ | MI | ​ | ​ | 180,699 | ​ | SNF | ​ | 56.9 | % | 1 | ​ | 14 | ​ | 1,749 | ​ | — | ​ | $ | 103.32
10.0% (5) | ​ | 2045 | ​ | MI | ​ | ​ | 39,700 | ​ | SNF | ​ | 12.5 | % | 1 | ​ | 4 | ​ | 480 |  | — | ​ | $ | 82.71
10.3% (5) | ​ | 2045 | ​ | MI | ​ |  | 19,700 | ​ | SNF | ​ | 6.2 | % | 1 | ​ | 2 | ​ | 201 |  | — | ​ | $ | 98.01
10.8% (5) | ​ | 2045 | ​ | MI | ​ | ​ | 14,800 | ​ | SNF | ​ | 4.7 | % | 1 | ​ | 1 | ​ | 146 | ​ | — | ​ | $ | 101.37
Total | ​ | ​ | ​ | ​ | ​ | $ | 317,527 | (1) | ​ | ​ | 100.0 | % | 9 | ​ | 27 | ​ | 2,726 |  | 334 | ​ | $ | 103.77
(1) | Excludes the impact of the credit loss reserve.
​
(2) | Some loans contain certain guarantees and provide for certain facility fees.
​
(3) | Our mortgage loans are secured by properties located in four states with six borrowers. Additionally, during 2024, we committed to fund a $26,120 mortgage loan for the construction of a 116-unit ILF, ALF and MC located in Illinois. The borrower contributed $12,300 of equity which will initially fund the construction. Once all of the borrower’s equity has been drawn, we will begin funding the commitment. The loan term is approximately six years at a current rate of 9.0% and an IRR of 9.5%.
​
(4) | Minimum interest payable is based on an annual current pay interest rate of 8.5% on the outstanding loan balance. The difference between the contractual interest rate and the current pay interest rate of 8.5% on the outstanding loan balance remains an obligation of the borrower and is payable through the application of security deposits held by LTC on behalf of the borrower or payable upon maturity. During the 2025 first quarter, we received full contractual cash interest of $4,991, through $3,826 of cash receipts and application of $1,165 of security deposits. The loan provides for 2.25% annual interest rate increases.
​
(5) | 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 three months ended March 31, 2025 and 2024 (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended March 31, | ​
​ | ​ | 2025 | ​ | 2024 | ​
Originations and funding under mortgage loans receivable | ​ | $ | 1,919 | (1) | $ | 3,128 | (2)
Application of interest reserve | ​ | ​ | — | ​ | ​ | 14 | ​
Scheduled principal payments received | ​ | ​ | (124) | ​ | ​ | (125) | ​
Mortgage loan premium amortization | ​ | ​ | (2) | ​ | ​ | (2) | ​
Provision for loan loss reserve | ​ | ​ | (18) | ​ | ​ | (31) | ​
Net increase in mortgage loans receivable | ​ | $ | 1,775 | ​ | $ | 2,984 | ​
​
(1) | Funding relates to a $19,500 mortgage loan commitment for the construction of an 85-unit ALF and MC in Michigan. The borrower contributed $12,100 of equity upon origination in July 2023, which was used to initially fund the construction. Our remaining commitment is $4,828. The interest-only loan term is approximately three years at a rate of 8.75%, and includes two one-year extensions, each of which is contingent on certain coverage thresholds.
​
(2) | We funded the following:
​
| (a) | $2,940 under our $19,500 mortgage loan commitment. For an explanation of the terms and other relevant information related to this mortgage loan, see (1) above; and
​
| (b) | $188 of additional funding under other mortgage loan receivables.

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 sale and lease back of purchased properties in JV considered as finance receivables. + References No definition available. + Details
Name: | ltc_ScheduleOfSaleAndLeaseBackOfPurchasedPropertiesInJvConsideredAsFinanceReceivablesTableTextBlock
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 assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 55 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482640/350-30-55-40 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-2 + Details
Name: | us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
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