CONSOLIDATED BALANCE SHEETS (USD $) In Thousands, unless otherwise specified	Mar. 31, 2013		Dec. 31, 2012
Real estate investments:
Land	$ 75,407		$ 75,407
Buildings and improvements	831,175		824,688
Accumulated depreciation and amortization	(204,646)		(198,548)
Net real estate property	701,936		701,547
Mortgage loans receivable, net of allowance for doubtful accounts: 2013 - $401; 2012 - $782	39,741		39,299
Real estate investments, net	741,677		740,846
Other assets:
Cash and cash equivalents	9,621		7,191
Debt issue costs, net	2,854		3,040
Interest receivable	802		789
Straight-line rent receivable, net of allowance for doubtful accounts: 2013 - $1,567; 2012 - $1,557	27,925	[1]	26,998	[1]
Prepaid expenses and other assets	6,656		7,548
Notes receivable	3,129		3,180
Total assets	792,664		789,592
LIABILITIES
Bank borrowings	117,500		115,500
Senior unsecured notes	185,800		185,800
Bonds payable	2,035		2,635
Accrued interest	2,285		3,279
Earn-out liabilities	6,854		6,744
Accrued expenses and other liabilities	11,379		12,526
Total liabilities	325,853		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 - 30,713; 2012 - 30,544	307		305
Capital in excess of par value	516,011		510,236
Cumulative net income	737,009		724,033
Other	143		152
Cumulative distributions	(825,159)		(810,125)
Total LTC Properties, Inc. stockholders' equity	466,811		463,101
Non-controlling interests			7
Total equity	466,811		463,108
Total liabilities and equity	$ 792,664		$ 789,592

[1] On March 31, 2013 and December 31, 2012, we had $3,203 and $3,191 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.