Wendy Simpson on investment focus
From LTC CEO Says Health Care Real Estate Investment More Challenging in 2017 · · Nareit1
“We really want to invest in the newer property and we still are supportive of the local regional operator, so generally those are smaller deals.”
On , Wendy Simpson, Executive Chairman of the Board at LTC PROPERTIES INC, spoke about investment focus during LTC CEO Says Health Care Real Estate Investment More Challenging in 2017 on Nareit1.
About Wendy Simpson
In 2014, Simpson stated that LTC Properties was focused on growing at a "measured pace" and that its investment "sweet spot" remained assisted living, memory care, and skilled nursing. She noted the company was preparing to re-lease 37 properties after TPG, which had acquired Assisted Living Concepts, decided not to exercise its renewal option. Simpson expressed excitement about finding new operators, particularly regional players, and praised the physical condition of the properties while acknowledging occupancy challenges. By 2017, Simpson described the health care real estate investment environment as "relatively challenging," citing high prices and the company's commitment to "stringent underwriting standards." She stated that LTC would prioritize coverage over returns and was increasingly investing in newer memory care and assisted living properties. Simpson also expressed interest in technology that connects patients with physicians and tracks outcomes.