CONSOLIDATED BALANCE SHEETS (USD $) In Thousands, unless otherwise specified	Dec. 31, 2013		Dec. 31, 2012
Real estate investments:
Land	$ 80,993		$ 74,702
Buildings and improvements	856,624		811,867
Accumulated depreciation and amortization	(218,700)		(194,448)
Net operating real estate property	718,917		692,121
Properties held-for-sale, net of accumulated depreciation and amortization: 2013 - $0; 2012 - $4,100			9,426
Net real estate property	718,917		701,547
Mortgage loans receivable, net of allowance for doubtful accounts: 2013 - $1,671; 2012 - $782	165,444		39,299
Real estate investments, net	884,361		740,846
Other assets:
Cash and cash equivalents	6,778		7,191
Debt issue costs, net	2,458		3,040
Interest receivable	702		789
Straight-line rent receivable, net of allowance for doubtful accounts: 2013 - $1,541; 2012 - $1,513	29,760	[1]	26,766	[1]
Prepaid expenses and other assets	6,756		7,542
Notes receivable	595		3,180
Straight-line rent receivable and other assets related to properties held-for-sale, net of allowance for doubtful accounts: 2013 - $0; 2012 - $44			238
Total assets	931,410		789,592
LIABILITIES
Bank borrowings	21,000		115,500
Senior unsecured notes	255,800		185,800
Bonds payable	2,035		2,635
Accrued interest	3,424		3,279
Earn-out liabilities	0		6,744
Accrued expenses and other liabilities	16,713		12,165
Accrued expenses and other liabilities related to properties held-for-sale			361
Total liabilities	298,972		326,484
Stockholders' equity:
Preferred stock $0.01 par value; 15,000 shares authorized; shares issued and outstanding: 2013 - 2,000; 2012 - 2,000	38,500		38,500
Common stock: $0.01 par value; 60,000 shares authorized; shares issued and outstanding: 2013 - 34,746; 2012 - 30,544	347		305
Capital in excess of par value	688,654		510,236
Cumulative net income	781,848		724,033
Accumulated other comprehensive income	117		152
Cumulative distributions	(877,028)		(810,125)
Total LTC Properties, Inc. stockholders' equity	632,438		463,101
Non-controlling interests			7
Total equity	632,438		463,108
Total liabilities and equity	$ 931,410		$ 789,592

[1] On December 31, 2013 and 2012, we had $3,213 and $3,191 respectively, in straight-line rent receivable from a lessee that qualifies as a related party because the lessee's former Chief Executive Officer is on our Board of Directors. See Note 12. Transactions with Related Party for further discussion.