LTC Properties(LTC) - 2024 Q1 - Quarterly Results

Exhibit 99.1 During the first quarter of 2024, LTC completed the following transactions: ● Completed the previously announced sale and re-lease process for 10 assisted living communities under the ALG Senior ("ALG") master lease. These properties, seven of which were built in the 90s, are primarily located in small rural towns, were non-revenue generating, and were temporarily transitioned to ALG in July 2022 following the COVID pandemic, allowing LTC time to find a more permanent solution for the portfolio ...