CONSOLIDATED BALANCE SHEETS (USD $) In Thousands, unless otherwise specified	Jun. 30, 2012		Dec. 31, 2011
Real estate investments:
Land	$ 60,362		$ 57,059
Buildings and improvements	677,297		659,453
Accumulated depreciation and amortization	(186,394)		(175,933)
Net operating real estate property	551,265		540,579
Properties held-for-sale, net of accumulated depreciation and amortization: 2012 - $613; 2011 - $2,263	5,025		6,256
Net real estate property	556,290		546,835
Mortgage loans receivable, net of allowance for doubtful accounts: 2012 - $884; 2011 - $921	49,362		53,081
Real estate investments, net	605,652		599,916
Other assets:
Cash and cash equivalents	10,313		4,408
Debt issue costs, net	2,698		2,301
Interest receivable	1,062		1,494
Straight-line rent receivable, net of allowance for doubtful accounts: 2012 - $696; 2011 - $680	25,089	[1]	23,772	[1]
Prepaid expenses and other assets	7,341		7,851
Other assets related to properties held-for-sale, net of allowance for doubtful accounts: 2012 - $839; 2011 - $839	52		53
Notes receivable	2,647		817
Marketable securities			6,485	[2]
Total assets	654,854		647,097
LIABILITIES
Bank borrowings	68,000		56,000
Senior unsecured notes	100,000		100,000
Bonds payable	2,635		3,200
Accrued interest	1,156		1,356
Earn-out liabilities	6,524		6,305
Accrued expenses and other liabilities	10,938		11,314
Accrued expenses and other liabilities related to properties held-for-sale	139		212
Total liabilities	189,392		178,387
Stockholders' equity:
Preferred stock $0.01 par value; 15,000 shares authorized; shares issued and outstanding: 2012 - 2,000; 2011 - 2,000	38,500		38,500
Common stock: $0.01 par value; 60,000 shares authorized; shares issued and outstanding: 2012 - 30,445; 2011 - 30,346	304		303
Capital in excess of par value	507,752		507,343
Cumulative net income	698,767		672,743
Other	169		199
Cumulative distributions	(780,436)		(752,340)
Total LTC Properties, Inc. stockholders' equity	465,056		466,748
Non-controlling interests	406		1,962
Total equity	465,462		468,710
Total liabilities and equity	$ 654,854		$ 647,097

[1] On June 30, 2012 and December 31, 2011, we had $3,130 and $3,060, respectively, in straight-line rent receivable from a lessee that qualifies as a related party because the lessee's Chief Executive Officer is on our Board of Directors. See Note 9. Transactions with Related Party for further discussion.

[2] At December 31, 2011, we had a $6,500 face value investment in marketable securities issued by an entity that qualifies as a related party because the entity's Chief Executive Officer is on our Board of Directors. See Note 9. Transactions with Related Party for further discussion.