LTC Properties, Inc. is a real estate investment trust (REIT). The Company invests in senior housing and healthcare properties through sale-leasebacks, mortgage financing, joint ventures, construction financing and structured finance solutions, including preferred equity, and mezzanine lending. It invests in various properties, including skilled nursing centers (SNF), which provide restorative, rehabilitative and nursing care; Assisted living facilities (ALF), which serve people who require assistance with activities of daily living; Independent living facilities (ILF), also known as retirement communities or senior apartments, offers a community and numerous levels of service, such as laundry, housekeeping, dining options/meal plans, exercise and wellness programs, transportation, social, cultural and recreational activities, on-site security, and others, and Memory care facilities (MC), offers specialized options for people with Alzheimer’s disease and other forms of dementia.