LTC Properties Acquires MorningStar Senior Living-Operated Phoenix Senior Community for $54 Million
June 6, 2026
LTC Properties announced a $54 million acquisition of a 104-unit assisted living and memory care community in Phoenix, Arizona, expanding its Seniors Housing Operating Portfolio (SHOP) platform. MorningStar Senior Living will continue managing the community, becoming the 11th SHOP operator added since LTC launched the platform in May 2025.
- Buyers
- LTC Properties
- Targets
- 104-unit assisted living and memory care community in Phoenix, Arizona (added to LTC’s SHOP platform)
- Platforms
- LTC Properties' Seniors Housing Operating Portfolio (SHOP) platform
- Industry
- Healthcare Services
- Location
- Arizona, United States
- Transaction Type
- Addon
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