EXHIBIT 99.1

              LTC Announces Election of New Board Member

    MALIBU, Calif.--(BUSINESS WIRE)--Feb. 2, 2005--LTC Properties,
Inc. (NYSE:LTC) announced today that Mr. Boyd W. Hendrickson has been
elected as a new Board Member, increasing the total number of Board
Members from five to six and total independent members from three to
four.
    Mr. Hendrickson is Chief Executive Officer and Member of the Board
of Skilled Healthcare Group ("Skilled Healthcare"). Skilled Healthcare
is located in Foothill Ranch, California and is a privately held
owner/operator of skilled nursing and assisted living facilities.
    LTC stated that Mr. Hendrickson brings 35 years of health care
operational experience to the Board as well as experience as a past
Board Member of The American Federation of Hospitals, Beverly
Enterprises, PharMerica and Superior Bank.
    LTC added that Skilled Healthcare and LTC have no relationships
other than Mr. Hendrickson's board membership.
    The Company is a self-administered real estate investment trust
that primarily invests in long-term care and other health care related
facilities through mortgage loans, facility lease transactions and
other investments. For more information on LTC Properties, Inc., visit
the Company's website at www.ltcproperties.com.

    CONTACT: LTC Properties, Inc.
             Andre C. Dimitriadis or Wendy L. Simpson, 805-981-8655