Demographic forces have driven a steady increase in demand for seniors housing and health care services throughout the United States. LTC is committed to working with our operating partners to meet this demand not only through financing acquisition and new development, but also through strategic expansion of existing properties in our portfolio that can profitably increase resident capacity and enhance our operating partners’ competitive position.
Fort Collins, Colorado
To meet growing demand for assisted living and memory care services, Brookdale Senior Living, a long-time LTC operating partner, identified opportunities in the local markets and sought to expand capacity at two of its LTC-owned properties in Arvada and Fort Collins. Brookdale’s plan called for adding 27 units / 37 beds of memory care and more than 40 units of assisted living to the two properties in addition to several major capital improvements to both properties.
LTC quickly reviewed and analyzed Brookdale’s construction plans, financial pro formas and project timetables and signed an amendment to our master lease agreement in which LTC is financing the aggregate $15,000,000 project for the two properties.