LTC Announces Public Offering of Common Stock

  LTC Announces Public Offering of Common Stock

Business Wire

WESTLAKE VILLAGE, Calif. -- May 2, 2013

LTC Properties, Inc. (the “Company”) (NYSE:LTC) announced today that it plans
to make a public offering of 3,000,000 shares of its common stock (the
“Offering”). The Company expects to grant the underwriters an option to
purchase up to 450,000 additional shares of common stock within 30 days to
cover over-allotments, if any. Wells Fargo Securities, KeyBanc Capital
Markets, BMO Capital Markets and RBC Capital Markets will act as joint
book-running managers for the Offering.

The Company intends to use the net proceeds from the Offering to pay down
amounts outstanding under its unsecured line of credit, to fund acquisitions
and the current development pipeline and for general corporate purposes.

The Offering of the shares will be made under the Company’s effective shelf
registration statement filed with the Securities and Exchange Commission
(“SEC”). The Company intends to file a prospectus supplement with the SEC for
the common stock offering to which this communication relates. When available,
the prospectus supplement and accompanying base prospectus may be obtained
from Wells Fargo Securities, Attention: Equity Syndicate Department, 375 Park
Avenue, New York, NY 10152 (e-mail: or
telephone: 800-326-5897) or from KeyBanc Capital Markets, Attn: Prospectus
Delivery Department, 127 Public Square, 6th Floor, Cleveland, OH 44114 (or
telephone: 800-859-1783) or from BMO Capital Markets, Attention: Lori Begley,
3 Times Square, Floor 27, New York, NY 10036, e-mail: or
from RBC Capital Markets, Attention: Prospectus Department, Three World
Financial Center, 200 Vesey Street, 8th Floor, New York, NY 10281, telephone
877-822-4089 or by visiting the EDGAR database on the SEC’s website at

This press release does not constitute an offer to sell or the solicitation of
an offer to buy any shares of the Company’s common stock, nor shall there be
any sale of these securities in any jurisdiction in which such an offer,
solicitation, or sale would be unlawful prior to registration or qualification
under the securities laws of any such jurisdiction. The offering may be made
only by means of a prospectus and a related prospectus supplement, which have
or will be filed with the SEC.

The Company is a self-administered real estate investment trust, operating
since 1992, that invests primarily in senior housing and long-term healthcare
properties through acquisitions, development, mortgage loans and other
investments. For more information on LTC Properties, Inc., visit the Company’s
website at

This press release contains forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. You can identify some of the
forward-looking statements by their use of forward-looking words, such as
“believes,” “expects,” “may,” “will,” “should,” “seeks,” “approximately,”
“intends,” “plans,” “estimates” or “anticipates,” or the negative of those
words or similar words. Forward-looking statements involve inherent risks and
uncertainties regarding events, conditions and financial trends that may
affect the Company’s future plans of operation, business strategy, results of
operations and financial position. A number of important factors could cause
the Company’s actual results to differ materially from those included within
or contemplated by such forward-looking statements, including, but not limited
to, the Company’s ability to consummate the Offering and the use of proceeds
therefrom; the status of the economy; the status of capital markets (including
prevailing interest rates) and the Company’s access to capital; the income and
returns available from investments in health care related real estate; the
ability of the Company’s borrowers and lessees to meet their obligations to
the Company; the Company’s reliance on a few major operators; competition
faced by the Company’s borrowers and lessees within the health care industry;
regulation of the health care industry by federal, state and local governments
(including as a result of the Patient Protection and Affordable Care Act of
2010 and Health Care and Education Reconciliation Act of 2010); changes in
Medicare and Medicaid reimbursement amounts, including due to federal and
state budget constraints; compliance with and changes to regulations and
payment policies within the health care industry; debt that the Company may
incur and changes in financing terms; the Company’s ability to continue to
qualify as a real estate investment trust; the relative illiquidity of the
Company’s real estate investments; potential limitations on the Company’s
remedies when mortgage loans default; and risks and liabilities in connection
with properties owned through limited liability companies and partnerships.
For a discussion of these and other factors that could cause the Company’s
actual results to differ from those contemplated in the forward-looking
statements, please see the discussion under “Risk Factors” contained in the
prospectus supplement referred to above and in other information contained in
the Company’s publicly available filings with the SEC, including the Company’s
annual report on Form 10-K for the year ended December 31, 2012 and other
reports the Company files under the Exchange Act. The Company does not
undertake any responsibility to update any of these factors or to announce
publicly any revisions to forward-looking statements, whether as a result of
new information, future events or otherwise.


LTC Properties, Inc.
Wendy L. Simpson
Pam Kessler
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