CONSOLIDATED BALANCE SHEETS (USD $) In Thousands, unless otherwise specified	Sep. 30, 2013		Dec. 31, 2012
Real estate investments:
Land	$ 76,751		$ 74,702
Buildings and improvements	834,345		811,867
Accumulated depreciation and amortization	(212,495)		(194,448)
Net operating real estate property	698,601		692,121
Properties held-for-sale, net of accumulated depreciation and amortization: 2013 - $0; 2012 - $4,100			9,426
Net real estate property	698,601		701,547
Mortgage loans receivable, net of allowance for doubtful accounts: 2013 - $411; 2012 - $782	40,668		39,299
Real estate investments, net	739,269		740,846
Other assets:
Cash and cash equivalents	60,338		7,191
Debt issue costs, net	2,514		3,040
Interest receivable	726		789
Straight-line rent receivable, net of allowance for doubtful accounts: 2013 - $1,541; 2012 - $1,513	29,684	[1]	26,766	[1]
Prepaid expenses and other assets	7,453		7,542
Notes receivable	1,259		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	841,243		789,592
LIABILITIES
Bank borrowings			115,500
Senior unsecured notes	185,800		185,800
Bonds payable	2,035		2,635
Accrued interest	2,076		3,279
Earn-out liabilities	0		6,744
Accrued expenses and other liabilities	15,275		12,165
Accrued expenses and other liabilities related to properties held-for-sale	33		361
Total liabilities	205,219		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 - 34,752; 2012 - 30,544	348		305
Capital in excess of par value	688,341		510,236
Cumulative net income	767,198		724,033
Other	125		152
Cumulative distributions	(858,488)		(810,125)
Total LTC Properties, Inc. stockholders' equity	636,024		463,101
Non-controlling interests			7
Total equity	636,024		463,108
Total liabilities and equity	$ 841,243		$ 789,592

[1] On September 30, 2013 and December 31, 2012, we had $3,210 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.