CONSOLIDATED BALANCE SHEETS (USD $) In Thousands, unless otherwise specified	Sep. 30, 2012		Dec. 31, 2011
Real estate investments:
Land	$ 63,121		$ 57,392
Buildings and improvements	742,638		664,758
Accumulated depreciation and amortization	(192,895)		(176,546)
Net operating real estate property	612,864		545,604
Properties held-for-sale, net of accumulated depreciation and amortization: 2012 - $0; 2011 - $1,650			1,231
Net real estate property	612,864		546,835
Mortgage loans receivable, net of allowance for doubtful accounts: 2012 - $873; 2011 - $921	48,268		53,081
Real estate investments, net	661,132		599,916
Other assets:
Cash and cash equivalents	8,274		4,408
Debt issue costs, net	3,218		2,301
Interest receivable	1,035		1,494
Straight-line rent receivable, net of allowance for doubtful accounts: 2012 - $1,545; 2011 - $1,519	25,945	[1]	23,772	[1]
Prepaid expenses and other assets	7,222		7,904
Notes receivable	3,007		817
Marketable securities			6,485	[2]
Total assets	709,833		647,097
LIABILITIES
Bank borrowings	35,500		56,000
Senior unsecured notes	185,800		100,000
Bonds payable	2,635		3,200
Accrued interest	2,320		1,356
Earn-out liabilities	6,634		6,305
Accrued expenses and other liabilities	12,054		11,440
Accrued expenses and other liabilities related to properties held-for-sale			86
Total liabilities	244,943		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 - 30,498; 2011 - 30,346	305	[3]	303	[3]
Capital in excess of par value	509,431		507,343
Cumulative net income	711,262		672,743
Other	160		199
Cumulative distributions	(795,117)		(752,340)
Total LTC Properties, Inc. stockholders' equity	464,541		466,748
Non-controlling interests	349		1,962
Total equity	464,890		468,710
Total liabilities and equity	$ 709,833		$ 647,097

[1] On September 30, 2012 and December 31, 2011, we had $3,160 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.

[3] During the three months ended September 30, 2012, our charter was amended to increase the number of authorized shares of common stock from 45,000 to 60,000 shares.