Brief
LTC Acquires Assisted Living, Memory Care Community in Phoenix for $54M
PHOENIX — LTC Properties has acquired MorningStar at Arcadia, an assisted living and memory care community located in Phoenix, for $54 million. The community is being added to LTC’s seniors housing op
Summary
PHOENIX — LTC Properties has acquired MorningStar at Arcadia, an assisted living and memory care community located in Phoenix, for $54 million.
The community is being added to LTC’s seniors housing operating portfolio (SHOP).
MorningStar will continue to operate the property, which totals 104 units, on behalf of LTC. LTC launched its SHOP platform in May 2025. “Since our platform launch, we have partnered with 11 SHOP operating partners, nine new to LTC,” says Michael Bowden, senior vice presi
Source
- REBusinessOnlinerebusinessonline.com
