LTC PropertiesLTC

13F holders, Q1 2026 (March 31)
288holders +15
40new positions
25sold out
6famous investors
$37.16avg. 13F price*

At the end of Q1 2026, 288 institutions reported holding LTC Properties Inc. (LTC) in their 13F filings, up 15 from Q4 2025. 40 opened new positions and 25 sold out. The largest holders were BlackRock, Inc. ($308.4M), Vanguard Portfolio Management LLC ($181.6M) and State Street Corp. ($116.9M). 6 famous investors held it, including Paul Tudor Jones (0.1% of Tudor Investment Corporation's portfolio), Steve Cohen (0.0% of Point72 Asset Management's portfolio) and Israel Englander (0.0% of Millennium Management's portfolio).

Company
LTC Properties Inc.
Filed as
LTC PPTYS INC (Q1 2026)
CUSIP
502175102
Latest filing quarter
Q2 2026

History

Number of 13F holders

0100200300 Q1 2024: 230Q1 2024Q2 2024: 219Q2 2024Q3 2024: 239Q3 2024Q4 2024: 239Q4 2024Q1 2025: 260Q1 2025Q2 2025: 259Q2 2025Q3 2025: 276Q3 2025Q4 2025: 273Q4 2025Q1 2026: 288Q1 2026Q2 2026: 291Q2 2026

Total Exit/New Position Q4 2025 → Q1 2026

InstitutionsTotal Value
New Positions40$51.3M
Exits25$11.1M

All 13F filers, Q4 2025 → Q1 2026: 4,270,327 shares bought and 1,862,048 shares sold, net +2,408,279 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.

Ownership 288 holders

BlackRock, Inc. 0.01% Add +2.3% 8,298,980 $308.4M
Vanguard Portfolio Management LLC 0.01% — 4,887,350 $181.6M
State Street Corp. 0.00% Reduce -3.9% 3,145,985 $116.9M
Vanguard Capital Management LLC 0.00% — 2,108,460 $78.4M
Geode Capital Management, LLC 0.00% Add +6.3% 1,346,457 $50.0M
American Century Companies Inc. 0.03% Add +34.9% 1,329,164 $49.4M
Two Sigma Investments, LP 0.04% Add +185.2% 1,252,657 $46.5M
Morgan Stanley 0.00% Add +20.4% 1,014,503 $37.7M
Charles Schwab Investment Management Inc. 0.01% Reduce -0.7% 908,360 $33.8M
Advisors Capital Management, LLC 0.34% Add +2.6% 783,747 $29.1M
Nuveen, LLC 0.01% Add +7.0% 729,850 $27.1M
Dimensional Fund Advisors LP 0.01% Add +3.2% 676,970 $25.2M
Wellington Management Group LLP 0.00% New 601,812 $22.4M
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.03% Reduce -2.7% 600,849 $22.3M
Northern Trust Corp. 0.00% Add +5.5% 566,490 $21.1M
Bank of New York Mellon Corp 0.00% Reduce -9.1% 506,844 $18.8M
MetLife Investment Management, LLC 0.09% Add +1728.3% 491,176 $18.3M
Eversept Partners, LP 0.79% New 321,046 $11.9M
Qube Research & Technologies Ltd 0.02% Reduce -14.9% 312,192 $11.6M
Vanguard Fiduciary Trust Co. 0.00% — 307,664 $11.4M
Tudor Investment Corporation 0.06% Add +7.7% 305,520 $11.4M
Legal & General Group Plc 0.00% Reduce -5.7% 299,467 $11.1M
Jupiter Asset Management Ltd. 0.05% Add +26.4% 248,017 $9.2M
UBS Group AG 0.00% Reduce -0.8% 236,376 $8.8M
Principal Financial Group Inc. 0.00% Reduce -19.6% 231,387 $8.6M
JPMorgan Chase & Co. 0.00% Reduce -35.2% 229,579 $8.6M
Invesco Ltd. 0.00% Add +4.2% 227,098 $8.4M
Goldman Sachs Group Inc. 0.00% Reduce -32.6% 218,254 $8.1M
Aberdeen Group plc 0.01% Reduce -18.4% 201,159 $7.5M
Edgestream Partners, L.P. 0.23% Reduce -37.7% 192,758 $7.2M
Fideuram - Intesa Sanpaolo Private Banking S.P.A. 0.25% Reduce -0.1% 190,592 $7.1M
Bank of America Corp. 0.00% Add +37.0% 170,814 $6.3M
Public Sector Pension Investment Board 0.02% Add +3.4% 170,366 $6.3M
Point72 Asset Management 0.01% Add +14.6% 169,246 $6.3M
Millennium Management 0.00% Reduce -63.0% 168,284 $6.3M
Rhumbline Advisers 0.00% Add +0.4% 143,179 $5.3M
Citadel Advisors 0.00% Reduce -27.8% 137,130 $5.1M
Marshall Wace, LLP 0.01% Reduce -46.5% 128,538 $4.8M
Tocqueville Asset Management L.P. 0.07% Add +19.6% 123,689 $4.6M
Ameriprise Financial Inc. 0.00% Reduce -0.6% 118,136 $4.4M
Asset Management One Co., Ltd. 0.01% Reduce -18.3% 98,178 $3.6M
Swiss National Bank 0.00% Add +3.7% 94,262 $3.5M
HRT Financial LP 0.01% New 89,597 $3.3M
Voloridge Investment Management, LLC 0.01% Add +132.8% 88,601 $3.3M
HSBC Holdings PLC 0.00% Reduce -9.6% 83,238 $3.1M
AQR Capital Management 0.00% Reduce -8.3% 78,305 $2.9M
Susquehanna Portfolio Strategies, LLC 0.04% Add +493.3% 75,258 $2.8M
First Trust Advisors LP 0.00% Add +50.0% 73,692 $2.7M
Nomura Asset Management Co. Ltd. 0.01% Add +5.7% 73,680 $2.7M
Waterloo Capital, L.P. 0.19% Add +2.6% 71,483 $2.7M
Envestnet Asset Management Inc. 0.00% Add +21.6% 71,203 $2.6M
New York State Teachers Retirement System 0.01% Reduce -1.1% 70,851 $2.6M
Deutsche Bank AG 0.00% Add +7.0% 69,320 $2.6M
Balyasny Asset Management L.P. 0.01% Add +266.4% 69,221 $2.6M
CANADA LIFE ASSURANCE Co 0.00% Add +5.7% 68,927 $2.6M
Voya Investment Management LLC 0.00% Add +5.3% 68,837 $2.6M
DekaBank Deutsche Girozentrale 0.00% No change 66,569 $2.5M
VIRGINIA RETIREMENT SYSTEMS ET Al 0.02% Reduce -48.2% 66,900 $2.5M
Jefferies Financial Group Inc. 0.03% New 66,800 $2.5M
Schonfeld Strategic Advisors LLC 0.02% Reduce -6.3% 65,427 $2.4M
Martingale Asset Management L P 0.06% Add +24.3% 63,448 $2.4M
Exchange Traded Concepts, LLC 0.02% Add +3.2% 57,849 $2.1M
State of Alaska, Department of Revenue 0.02% Add +1.0% 56,221 $2.1M
Kestra Advisory Services, LLC 0.01% Add +159.0% 55,593 $2.1M
Public Employees Retirement System of Ohio 0.01% Add +232.5% 54,420 $2.0M
T. Rowe Price Associates Inc. 0.00% Add +24.1% 53,558 $2.0M
FMR LLC 0.00% Add +20.1% 53,530 $2.0M
Sumitomo Mitsui Trust Group, Inc. 0.00% Add +5.2% 53,006 $2.0M
Quantbot Technologies LP 0.08% Add +71.6% 52,838 $2.0M
Alliancebernstein L.P. 0.00% Reduce -13.2% 55,578 $1.9M
Prudential Financial Inc. 0.00% Add +14.1% 49,029 $1.8M
California State Teachers Retirement System 0.00% Add +14.6% 46,165 $1.7M
Sei Investments Co. 0.00% Add +88.2% 43,704 $1.6M
Vanguard Investments Australia, Ltd. 0.00% — 41,879 $1.6M
Pensionfund PDN 0.89% Add +40.7% 41,500 $1.5M
Mitsubishi UFJ Asset Management Co., Ltd. 0.00% Add +5.5% 39,560 $1.5M
VANGUARD ASSET MANAGEMENT, Ltd 0.00% — 39,432 $1.5M
Diversify Wealth Management, LLC 0.03% New 37,876 $1.4M
Diversify Advisory Services, LLC 0.22% Add +0.5% 37,494 $1.4M
Keudell/Morrison Wealth Management 0.29% Reduce -3.6% 38,249 $1.4M
Venture Visionary Partners LLC 0.05% Add +23.1% 37,360 $1.4M
Thrivent Financial for Lutherans 0.00% Reduce -0.3% 37,177 $1.4M
Robeco Institutional Asset Management B.V. 0.00% Add +0.3% 37,152 $1.4M
Bridge City Capital, LLC 0.38% Reduce -0.6% 36,785 $1.4M
Franklin Resources Inc. 0.00% Reduce -25.8% 36,660 $1.4M
Cetera Investment Advisers 0.00% Add +8.1% 36,432 $1.4M
Jane Street Group, LLC 0.00% Reduce -25.7% 36,217 $1.3M
LPL Financial LLC 0.00% Add +8.9% 36,087 $1.3M
Graham Capital Management, L.P. 0.06% Add +32.2% 33,796 $1.3M
Commonwealth of Pennsylvania Public School Empls Retrmt SYS 0.01% Add +24.3% 33,022 $1.2M
Capital Square, LLC 0.54% Add +148.1% 30,732 $1.2M
Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% Add +18.2% 31,615 $1.2M
Squarepoint Ops LLC 0.00% Add +335.6% 31,529 $1.2M
Wells Fargo & Company 0.00% Reduce -52.0% 30,799 $1.1M
Amundi 0.00% Add +13.8% 29,701 $1.1M
Nisa Investment Advisors, LLC 0.00% Reduce -12.1% 29,668 $1.1M
New York State Common Retirement Fund 0.00% No change 27,467 $1.0M
Handelsbanken Fonder AB 0.00% No change 26,230 $975K
Captrust Financial Advisors 0.00% New 25,017 $930K
Macquarie Group Ltd. 0.01% Reduce -16.1% 24,872 $924K
Illinois Municipal Retirement Fund 0.01% Reduce -4.4% 24,831 $923K
Apollon Wealth Management, LLC 0.01% Add +4.5% 24,373 $906K
SG Americas Securities, LLC 0.00% Add +10.7% 24,226 $900K
Janus Henderson Group PLC 0.00% Reduce -58.0% 23,908 $889K
KLP Kapitalforvaltning As 0.00% Add +2.6% 23,900 $888K
Y-Intercept (Hong Kong) Ltd 0.02% Reduce -3.8% 22,073 $820K
Ausbil Investment Management Ltd 0.40% No change 21,289 $799K
Manufacturers Life Insurance Company, The 0.00% Add +3.0% 21,413 $796K
Resona Asset Management Co.,Ltd. 0.00% Add +5.8% 21,105 $787K
Louisiana State Employees Retirement System 0.01% Reduce -3.2% 21,100 $784K
Citigroup Inc. 0.00% Add +19.8% 21,044 $782K
HighTower Advisors, LLC 0.00% Add +29.9% 20,099 $747K
Quantinno Capital Management LP 0.00% Add +40.1% 19,648 $730K
Pensionfund Sabic 0.87% Add +32.6% 19,500 $725K
State of Wisconsin Investment Board 0.00% Add +11.6% 19,362 $719K
Cwm, LLC 0.00% Reduce -1.4% 19,183 $713K
Assetmark, Inc. 0.00% Add +2.5% 19,129 $711K
Vanguard Global Advisers, LLC 0.00% — 19,117 $710K
Strategic Financial Concepts, LLC 0.17% New 18,914 $703K
Daiwa Securities Group Inc. 0.00% Add +4.6% 18,870 $701K
Jump Financial, LLC 0.01% New 18,169 $675K
Dark Forest Capital Management LP 0.06% Reduce -66.9% 18,168 $675K
Horizon Investments, LLC 0.01% Add +0.8% 18,154 $671K
Intrua Financial, LLC 0.07% Reduce -1.0% 17,454 $649K
Creative Planning 0.00% Add +15.7% 17,350 $645K
State of Tennessee, Department of Treasury 0.00% No change 16,946 $630K
Cambria Investment Management, L.P. 0.04% Add +1.6% 16,942 $630K
Sage Capital Management, LLC 0.29% Reduce -0.6% 16,716 $621K
Canada Pension Plan Investment Board 0.00% No change 16,600 $617K
Fideuram Asset Management (Ireland) dac 0.08% New 15,584 $610K
Ascentis Independent Advisors 0.04% New 15,906 $591K
Susquehanna International Group, LLP 0.00% New 15,761 $586K
Ballentine Partners, LLC 0.01% Reduce -18.3% 15,531 $577K
Guggenheim Capital LLC 0.00% Reduce -0.8% 15,046 $559K
Natixis Advisors, LLC 0.00% New 14,597 $542K
Barclays PLC 0.00% Reduce -80.3% 14,333 $533K
Pinnacle Family Advisors, LLC 0.25% Add +0.3% 14,042 $522K
Entropy Technologies, LP 0.02% New 13,769 $512K
Amalgamated Bank 0.00% Reduce -0.9% 13,643 $507K
Osaic Holdings, Inc. 0.00% Reduce -19.5% 13,594 $505K
Van Eck Associates Corp. 0.00% Add +9.4% 13,321 $495K
Hancock Whitney Corp. 0.01% Reduce -2.5% 12,881 $492K
Arizona State Retirement System 0.00% Add +1.6% 13,081 $486K
Private Advisor Group, LLC 0.00% Reduce -3.9% 12,785 $475K
Yousif Capital Management, LLC 0.01% Reduce -0.2% 12,685 $471K
Police & Firemen's Retirement System of New Jersey 0.00% No change 12,575 $467K
Focus Partners Wealth 0.00% New 12,553 $466K
Royal Bank of Canada 0.00% Reduce -17.3% 12,406 $461K
BNP Paribas Financial Markets 0.00% Reduce -9.4% 12,188 $453K
XTX Topco Ltd 0.01% Add +46.2% 11,769 $437K
State Board of Administration of Florida Retirement System 0.00% No change 11,707 $435K
Victory Capital Management Inc. 0.00% Add +0.6% 11,687 $434K
Teachers Retirement System of the State of Kentucky 0.00% No change 11,304 $421K
Intech Investment Management LLC 0.00% Reduce -46.9% 11,078 $412K
Oregon Public Employees Retirement Fund 0.01% Reduce -0.9% 10,838 $403K
Sumitomo Mitsui DS Asset Management Company, Ltd 0.00% No change 10,525 $391K
Triumph Capital Management 0.08% Add +3.6% 10,052 $374K
QRG Capital Management, Inc. 0.00% Add +13.0% 9,879 $367K
Pictet Asset Management Holding SA 0.00% Add +17.5% 9,696 $360K
Connor, Clark & Lunn Investment Management Ltd. 0.00% New 9,608 $357K
US Bancorp \de 0.00% Add +0.6% 9,576 $356K
UniSuper Management Pty Ltd 0.00% Add +4.4% 9,500 $353K
Vestcor Inc 0.01% New 9,374 $348K
Mercer Global Advisors Inc. 0.00% Add +19.9% 9,280 $345K
Neuberger Berman Group LLC 0.00% Add +43.6% 9,263 $344K
Cfo Capital Management LLC 0.28% No change 9,260 $344K
Cerity Partners LLC 0.00% Reduce -22.3% 9,222 $343K
Wedbush Securities Inc. 0.01% Reduce -3.2% 9,157 $340K
TD Asset Management Inc 0.00% New 9,000 $334K
Benchmark Investment Advisors LLC 0.19% — 8,970 $333K
Jacobs Levy Equity Management, Inc. 0.00% Add +23.6% 8,816 $328K
Inceptionr LLC 0.08% New 8,684 $323K
Commonwealth Equity Services, LLC 0.00% Reduce -32.8% 8,446 $314K
Stifel Financial Corp. 0.00% Reduce -17.9% 8,151 $303K
STRS Ohio 0.00% No change 8,000 $297K
IFM Investors Pty Ltd 0.00% New 7,665 $285K
HUB Investment Partners, LLC 0.01% New 7,561 $281K
Nissay Asset Management Corp. /Japan 0.00% Add +3.7% 7,560 $281K
ProShare Advisors LLC 0.00% Reduce -17.1% 7,352 $273K
Maryland State Retirement & Pension System 0.01% No change 7,028 $261K
Caxton Associates LLP 0.01% Reduce -15.9% 6,979 $259K
Stratos Wealth Partners, LTD. 0.00% Reduce -7.3% 6,896 $256K
GMO 0.00% New 6,836 $254K
M&T Bank Corp 0.00% Add +1.4% 6,685 $248K
RFG Advisory, LLC 0.00% Reduce -2.9% 6,548 $243K
Boothbay Fund Management, LLC 0.01% Reduce -62.5% 6,524 $242K
Centersquare Investment Management LLC 0.00% New 6,460 $240K
Cambridge Investment Research Advisors, Inc. 0.00% New 6,441 $239K
Swiss Life Asset Management Ltd 0.00% New 6,354 $236K
Brevan Howard Capital Management LP 0.00% New 6,185 $230K
Legato Capital Management LLC 0.02% No change 5,864 $218K
Federation des caisses Desjardins du Quebec 0.00% Add +54.8% 5,612 $209K
Raymond James Financial Inc. 0.00% New 5,607 $208K
EP Wealth Advisors, LLC 0.00% Reduce -4.7% 5,587 $208K
Campion Asset Management 0.14% New 5,495 $204K
Mutual of America Capital Management LLC 0.00% New 5,449 $202K
Sigma Planning Corp 0.01% New 5,400 $201K
MAI Capital Management 0.00% Add +2.8% 5,266 $196K
Ensign Peak Advisors, Inc 0.00% No change 4,845 $180K
Public Employees Retirement Association of Colorado 0.00% No change 4,704 $175K
Quadrant Capital Group LLC 0.01% Add +10.4% 4,649 $173K
Anchor Investment Management, LLC 0.01% Add +36.1% 4,463 $166K
GAMMA Investing LLC 0.01% Add +58.8% 4,434 $165K
Virtus Advisers, LLC 0.07% Reduce -19.4% 4,200 $156K
PNC Financial Services Group, Inc. 0.00% Add +73.8% 3,998 $149K
Ameritas Investment Partners, Inc. 0.00% No change 3,803 $141K
Russell Investments Group, Ltd. 0.00% Reduce -2.9% 3,801 $141K
Rockefeller Capital Management L.P. 0.00% Add +41.0% 3,573 $133K
Caitlin John, LLC 0.08% Reduce -30.4% 3,407 $127K
FIL Ltd 0.00% Reduce -10.9% 2,936 $109K
Jones Financial Companies LLLP 0.00% Reduce -12.4% 2,862 $107K
IFP Advisors, Inc 0.00% Add +63.4% 2,834 $105K
BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.00% Add +156.6% 2,594 $96K
KBC Group NV 0.00% New 2,091 $78K
Corsicana & Co. 0.04% No change 2,000 $71K
Tower Research Capital LLC (TRC) 0.00% Add +119.1% 1,722 $64K
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% Add +602.9% 1,680 $62K
Sterling Capital Management LLC 0.00% Reduce -40.9% 1,565 $58K
Hantz Financial Services, Inc. 0.00% Reduce -18.1% 1,316 $49K
Pinnacle Wealth Planning Services, Inc. 0.00% Add +4.9% 1,271 $47K
North Star Investment Management Corp. 0.00% No change 1,250 $46K
HHM Wealth Advisors, LLC 0.01% No change 1,248 $46K
Steward Partners Investment Advisory, LLC 0.00% Add +0.6% 1,224 $45K
Mirae Asset Global Investments Co., Ltd. 0.00% Reduce -27.2% 980 $36K
Farther Finance Advisors, LLC 0.00% Add +1.1% 910 $34K
Geneos Wealth Management Inc. 0.00% No change 850 $32K
CENTRAL TRUST Co 0.00% No change 850 $32K
Sunbelt Securities, Inc. 0.00% No change 795 $30K
Optiver Holding B.V. 0.00% Add +153.1% 772 $29K
GF Fund Management Co. LTD. 0.00% Reduce -8.7% 697 $26K
Private Trust Co. NA 0.00% No change 695 $26K
Allworth Financial LP 0.00% Add +16.8% 639 $24K
Sound Income Strategies, LLC 0.00% Reduce -10.3% 521 $20K
Salomon & Ludwin, LLC 0.00% Add +24.1% 500 $19K
Whittier Trust Co. of Nevada Inc. 0.00% No change 500 $19K
Evolution Wealth Management Inc. 0.01% No change 500 $19K
NFSG Corp 0.00% No change 466 $17K
Bessemer Group Inc. 0.00% Add +15.8% 461 $17K
Rossby Financial, LCC 0.00% No change 423 $16K
Northwestern Mutual Wealth Management Co. 0.00% Reduce -0.7% 425 $16K
Signaturefd, LLC 0.00% Reduce -8.5% 420 $16K
Kemnay Advisory Services Inc. 0.00% New 393 $15K
Versant Capital Management, Inc 0.00% Add +11.0% 343 $13K
Destiny Wealth Partners, LLC 0.00% New 301 $11K
CoreCap Advisors, LLC 0.00% New 300 $11K
Mather Group, Llc. 0.00% New 300 $11K
Crewe Advisors LLC 0.00% No change 295 $11K
Fifth Third Bancorp 0.00% Add +17.2% 286 $11K
EverSource Wealth Advisors, LLC 0.00% Add +6.2% 274 $10K
UMB Bank, n.a. 0.00% Add +3.1% 266 $10K
Alerus Financial NA 0.00% No change 261 $10K
Covestor Ltd 0.01% Add +2154.6% 248 $9K
Parallel Advisors, LLC 0.00% Reduce -32.6% 231 $9K
Hamrick Investment Counsel, llc 0.00% New 200 $7K
Harbor Investment Advisory, LLC 0.00% No change 200 $7K
Twin Peaks Wealth Advisors, LLC 0.00% New 193 $7K
JNBA Financial Advisors 0.00% No change 193 $7K
Lanark Financial, Inc. 0.00% Add +772.7% 192 $7K
Root Financial Partners, LLC 0.00% New 123 $5K
Quarry LP 0.00% Reduce -57.7% 121 $4K
Harbour Investments, Inc. 0.00% Add +53.4% 112 $4K
Essential Partners LLC 0.00% Add +5.6% 94 $3K
McGuire Capital Advisors Inc. 0.00% No change 75 $3K
Key Financial Inc 0.00% No change 67 $2K
Annis Gardner Whiting Capital Advisors, LLC 0.00% Reduce -84.8% 67 $2K
Heritage Wealth Advisors 0.00% No change 50 $2K
Retirement Wealth Solutions LLC 0.00% Add +377.8% 43 $2K
Rothschild Investment LLC 0.00% Add +14.7% 39 $1K
Keating Financial Advisory Services, Inc. 0.00% New 37 $1K
Whipplewood Advisors, LLC 0.00% New 30 $1K
Picton Mahoney Asset Management 0.00% No change 30 $1K
Physician Wealth Advisors, Inc. 0.00% No change 27 $1K
Bare Financial Services, Inc 0.00% No change 26 $966
Farmers & Merchants Investments Inc. 0.00% Reduce -21.9% 25 $929
Parkside Financial Bank & Trust 0.00% No change 22 $818
Smartleaf Asset Management LLC 0.00% Reduce -76.5% 20 $746
MassMutual Private Wealth & Trust, FSB 0.00% No change 20 $743
Larson Financial Group LLC 0.00% No change 20 $743
Spire Wealth Management 0.00% No change 18 $669
Bell Investment Advisors, Inc 0.00% No change 16 $595
WPG Advisers, LLC 0.00% No change 13 $483
Silicon Valley Capital Partners 0.00% New 8 $302
Gilpin Wealth Management, LLC 0.00% No change 5 $186
Ankerstar Wealth, LLC 0.00% No change 3 $111
Gunpowder Capital Management, LLC dba Oliver Wealth Management 0.00% No change 3 $111
Dunhill Financial, LLC 0.00% Reduce -33.3% 2 $96
Transamerica Financial Advisors, LLC 0.00% No change 2 $74
Truvestments Capital LLC 0.00% No change 1 $20

"% of holder's portfolio" is LTC's weight in each manager's 13F, not the share of LTC Properties Inc. the manager owns.