SCHEDULE III REAL ESTATE AND ACCUMULATED DEPRECIATION

12 Months Ended

Dec. 31, 2019

SCHEDULE III REAL ESTATE AND ACCUMULATED DEPRECIATION

SCHEDULE III REAL ESTATE AND ACCUMULATED DEPRECIATION

LTC PROPERTIES, INC.

SCHEDULE III

REAL ESTATE AND ACCUMULATED DEPRECIATION

(in thousands)

							Costs
							capitalized		Gross amount at which carried at
			Initial cost to company				subsequent		December 31, 2019
					Building and		to				Building and				Accum		Construction/	Acquisition
	Encumbrances		Land		improvements		acquisition		Land		improvements		Total (1)		deprec.		renovation date	date
Skilled Nursing Properties:
134 Alamogordo, NM	$	—	$	210	$	2,593	$	641	$	210	$	3,234	$	3,444	$	1,504	1985	2001
218 Albuquerque, NM		—		1,696		3,891		530		1,696		4,421		6,117		1,954	2008	2005
219 Albuquerque, NM		—		1,950		8,910		207		1,950		9,117		11,067		3,881	1982	2005
220 Albuquerque, NM		—		2,463		7,647		9		2,463		7,656		10,119		3,234	1970	2005
042 Altoona, IA		—		105		2,309		444		105		2,753		2,858		1,987	1973	1996
252 Amarillo, TX		—		844		—		7,925		844		7,925		8,769		2,025	2013	2011
247 Arlington, TX		—		1,016		13,649		—		1,016		13,649		14,665		4,097	2007	2011
221 Beaumont, TX		—		370		1,141		106		370		1,247		1,617		563	1950	2005
213 Beeville, TX		—		186		1,197		70		186		1,267		1,453		518	1974	2004
007 Bradenton, FL		—		330		2,720		160		330		2,880		3,210		2,189	2012	1993
256 Brownwood, TX		—		164		6,336		—		164		6,336		6,500		1,562	2011	2012
043 Carroll, IA		—		47		1,033		213		47		1,246		1,293		898	1969	1996
177 Chesapeake, VA		—		388		3,469		2,777		388		6,246		6,634		3,581	2017	1995
257 Cincinnati, OH		—		1,890		25,110		—		1,890		25,110		27,000		4,303	2009	2012
125 Clovis, NM		—		561		5,539		307		561		5,846		6,407		2,730	2006	2001
129 Clovis, NM		—		598		5,902		59		598		5,961		6,559		2,805	1995	2001
268 Coldspring, KY		—		2,050		21,496		—		2,050		21,496		23,546		4,928	2014	2012
253 Colton, CA		—		2,474		15,158		—		2,474		15,158		17,632		3,512	1990	2011
211 Commerce City, CO		—		236		3,217		167		236		3,384		3,620		1,606	1964	2004
212 Commerce City, CO		—		161		2,160		95		161		2,255		2,416		1,051	1967	2004
246 Crowley, TX		—		2,247		14,276		—		2,247		14,276		16,523		4,196	2007	2011
235 Daleville, VA		—		279		8,382		—		279		8,382		8,661		2,611	2005	2010
258 Dayton, OH		—		373		26,627		—		373		26,627		27,000		4,598	2010	2012
168 Des Moines, IA		—		115		2,096		1,433		115		3,529		3,644		2,194	1972	1999
196 Dresden, TN		—		31		1,529		1,073		31		2,602		2,633		1,192	2014	2000
298 Forth Worth, TX		—		2,785		7,546		—		2,785		7,546		10,331		1,776	1998	2015
026 Gardendale, AL		—		100		7,550		2,084		100		9,634		9,734		6,166	2011	1996
185 Gardner, KS		—		896		4,478		4,150		896		8,628		9,524		3,987	2011	1999
248 Granbury, TX		—		836		6,693		—		836		6,693		7,529		2,631	2008	2011
044 Granger, IA		—		62		1,356		221		62		1,577		1,639		1,113	1979	1996
205 Grapevine, TX		—		431		1,449		188		431		1,637		2,068		938	1974	2002
250 Hewitt, TX		—		1,780		8,220		99		1,780		8,319		10,099		2,057	2008	2011
194 Holyoke, CO		—		211		1,513		283		211		1,796		2,007		1,118	1963	2000
051 Houston, TX		—		365		3,769		1,598		365		5,367		5,732		3,613	1968	1996
054 Houston, TX		—		202		4,458		1,426		202		5,884		6,086		4,119	2007	1996
055 Houston, TX		—		202		4,458		1,359		202		5,817		6,019		4,004	2008	1996
045 Jefferson, IA		—		86		1,883		296		86		2,179		2,265		1,522	1972	1996
318 Kansas City, MO		—		1,229		18,368		—		1,229		18,368		19,597		213	2018	2019
008 Lecanto, FL		—		351		2,665		2,737		351		5,402		5,753		3,873	2012	1993
300 Mansfield, TX		—		2,890		13,110		—		2,890		13,110		16,000		1,912	2015	2016
053 Mesa, AZ		—		305		6,909		1,876		305		8,785		9,090		5,876	1996	1996
242 Mission, TX		—		1,111		16,602		—		1,111		16,602		17,713		4,441	2004	2010
115 Nacogdoches, TX		—		100		1,738		168		100		1,906		2,006		1,203	1973	1997
233 Nacogdoches, TX		—		394		7,456		268		394		7,724		8,118		2,270	1991	2010
249 Nacogdoches, TX		—		1,015		11,109		—		1,015		11,109		12,124		3,729	2007	2011
245 Newberry, SC		—		439		4,639		608		439		5,247		5,686		1,902	1995	2011
244 Newberry, SC		—		919		5,454		131		919		5,585		6,504		1,796	2001	2011
046 Norwalk, IA		—		47		1,033		239		47		1,272		1,319		925	1975	1996
176 Olathe, KS		—		520		1,872		313		520		2,185		2,705		1,443	1968	1999
251 Pasadena, TX		—		1,155		14,345		522		1,155		14,867		16,022		3,461	2005	2011
210 Phoenix, AZ		—		334		3,383		456		334		3,839		4,173		1,923	1982	2004
193 Phoenix, AZ		—		300		9,703		92		300		9,795		10,095		5,853	1985	2000
047 Polk City, IA		—		63		1,376		153		63		1,529		1,592		1,085	1976	1996
094 Portland, OR		—		100		1,925		3,152		100		5,077		5,177		3,414	2007	1997
254 Red Oak, TX		—		1,427		17,173		—		1,427		17,173		18,600		3,995	2002	2012
124 Richland Hills, TX		—		144		1,656		427		144		2,083		2,227		1,189	1976	2001
197 Ripley, TN		—		20		985		1,638		20		2,623		2,643		1,224	2014	2000

LTC PROPERTIES, INC.

SCHEDULE III

REAL ESTATE AND ACCUMULATED DEPRECIATION (Continued)

(in thousands)

							Costs
							capitalized		Gross amount at which carried at
			Initial cost to company				subsequent		December 31, 2019
					Building and		to				Building and				Accum		Construction/	Acquisition
	Encumbrances		Land		improvements		acquisition		Land		improvements		Total (1)		deprec.		renovation date	date
133 Roswell, NM	$	—	$	568	$	5,235	$	1,396	$	568	$	6,631	$	7,199	$	2,981	1975	2001
081 Sacramento, CA		—		220		2,929		1,481		220		4,410		4,630		2,510	2015	1997
085 Salina, KS		—		100		1,153		628		100		1,781		1,881		1,244	1985	1997
281 Slinger, WI		—		464		13,482		—		464		13,482		13,946		2,572	2014	2015
234 St. Petersburg, FL		—		1,070		7,930		500		1,070		8,430		9,500		2,286	1988	2010
243 Stephenville, TX		—		670		10,117		500		670		10,617		11,287		2,923	2009	2010
225 Tacoma, WA		—		723		6,401		901		723		7,302		8,025		3,294	2009	2006
178 Tappahannock, VA		—		375		1,327		397		375		1,724		2,099		1,507	1978	1995
270 Trinity, FL		—		1,653		12,748		—		1,653		12,748		14,401		2,544	2008	2013
192 Tucson, AZ		—		276		8,924		112		276		9,036		9,312		5,394	1992	2000
305 Union, KY		—		858		24,116		—		858		24,116		24,974		743	2019	2016
299 Weatherford, TX		—		836		11,902		—		836		11,902		12,738		2,285	1996	2015
236 Wytheville, VA		—		647		12,167		—		647		12,167		12,814		4,618	1996	2010
Skilled Nursing Properties	$	—	$	50,063	$	499,692	$	46,615	$	50,063	$	546,307	$	596,370	$	183,391
Assisted Living Properties:
317 Abington, VA		—		541		16,355		—		541		16,355		16,896		390	2015	2019
077 Ada, OK		—		100		1,650		—		100		1,650		1,750		966	1996	1996
105 Arvada, CO		—		100		2,810		6,960		100		9,770		9,870		3,262	2014	1997
304 Athens, GA		—		1,056		13,326		—		1,056		13,326		14,382		1,314	2016	2016
063 Athens, TX		—		96		1,510		104		96		1,614		1,710		982	1995	1996
320 Auburn Hills, MI		—		1,964		4,569		—		1,964		4,569		6,533		—	1995	2019
269 Aurora, CO		—		850		8,583		—		850		8,583		9,433		1,917	2014	2013
260 Aurora, CO		—		831		10,071		—		831		10,071		10,902		2,122	1999	2012
203 Bakersfield, CA		—		834		11,986		1,039		834		13,025		13,859		6,428	2002	2001
117 Beatrice, NE		—		100		2,173		231		100		2,404		2,504		1,287	1997	1997
277 Burr Ridge, IL		—		1,400		11,102		—		1,400		11,102		12,502		1,668	2016	2014
278 Castle Rock, CO		—		759		9,041		—		759		9,041		9,800		1,032	2012	2014
311 Cedarburg, WI		—		924		21,075		—		924		21,075		21,999		629	2019	2017
160 Central, SC		—		100		2,321		—		100		2,321		2,421		1,101	1998	1999
263 Chatham, NJ		—		5,365		36,399		—		5,365		36,399		41,764		7,347	2002	2012
307 Clovis, CA		—		2,542		19,126		—		2,542		19,126		21,668		1,374	2014	2017
308 Clovis, CA		—		3,054		14,172		—		3,054		14,172		17,226		979	2016	2017
279 Corpus Christi, TX		—		880		11,440		147		880		11,587		12,467		1,619	2016	2015
292 De Forest, WI		—		485		5,568		43		485		5,611		6,096		744	2006	2015
057 Dodge City, KS		—		84		1,666		4		84		1,670		1,754		1,034	1995	1995
083 Durant, OK		—		100		1,769		—		100		1,769		1,869		1,020	1997	1997
107 Edmond, OK		—		100		1,365		526		100		1,891		1,991		1,071	1996	1997
163 Ft. Collins, CO		—		100		2,961		3,405		100		6,366		6,466		2,510	2014	1999
170 Ft. Collins, CO		—		100		3,400		4,622		100		8,022		8,122		2,797	2014	1999
132 Ft. Meyers, FL		—		100		2,728		9		100		2,737		2,837		1,507	1998	1998
315 Ft. Worth, TX		—		1,534		11,099		—		1,534		11,099		12,633		474	2014	2018
100 Fremont ,OH		—		100		2,435		115		100		2,550		2,650		1,442	1997	1997
267 Frisco, TX		—		1,000		5,154		—		1,000		5,154		6,154		1,189	2014	2012
314 Frisco, TX		—		2,216		10,417		—		2,216		10,417		12,633		456	2015	2018
296 Glenview, IL				2,800		14,248		—		2,800		14,248		17,048		1,120	2017	2015
167 Goldsboro, NC		—		100		2,385		1		100		2,386		2,486		1,055	1998	1999
056 Great Bend, KS		—		80		1,570		21		80		1,591		1,671		1,097	1995	1995
102 Greeley, CO		—		100		2,310		270		100		2,580		2,680		1,459	1997	1997
284 Green Bay, WI		—		1,660		19,079		402		1,660		19,481		21,141		2,617	2004	2015
164 Greenville, NC		—		100		2,478		2		100		2,480		2,580		1,231	1998	1999
062 Greenville, TX		—		42		1,565		84		42		1,649		1,691		996	1995	1996
161 Greenwood, SC		—		100		2,638		—		100		2,638		2,738		1,339	1998	1999
241 Gulf Breeze, FL		—		720		3,780		261		720		4,041		4,761		1,223	2000	2010
295 Jacksonville, FL		—		1,389		12,756		56		1,389		12,812		14,201		1,444	2015	2015
066 Jacksonville, TX		—		100		1,900		77		100		1,977		2,077		1,195	1996	1996
310 Kansas City, MO				1,072		15,552		—		1,072		15,552		16,624		839	2017	2017
285 Kenosha, WI		—		936		12,361		240		936		12,601		13,537		1,515	2008	2015
255 Littleton, CO		—		1,882		8,248		—		1,882		8,248		10,130		1,718	2013	2012
268 Littleton, CO		—		1,200		8,688		—		1,200		8,688		9,888		2,007	2014	2013
148 Longmont, CO		—		100		2,640		—		100		2,640		2,740		1,443	1998	1998
060 Longview, TX		—		38		1,568		127		38		1,695		1,733		1,034	1995	1995
261 Louisville, CO		—		911		11,703		—		911		11,703		12,614		2,414	2000	2012

LTC PROPERTIES, INC.

SCHEDULE III

REAL ESTATE AND ACCUMULATED DEPRECIATION (Continued)

(in thousands)

							Costs
							capitalized		Gross amount at which carried at
			Initial cost to company				subsequent		December 31, 2019
						Building and	to				Building and				Accum		Construction/	Acquisition
	Encumbrances		Land			improvements	acquisition		Land		improvements		Total (1)		deprec.		renovation date	date
301 Louisville, KY	$	—	$	1,021	$	13,157	$	17	$	1,021	$	13,174	$	14,195	$	1,288	2016	2016
114 Loveland, CO		—		100		2,865		270		100		3,135		3,235		1,758	1997	1997
068 Lufkin, TX		—		100		1,950		94		100		2,044		2,144		1,229	1996	1996
061 Marshall, TX		—		38		1,568		534		38		2,102		2,140		1,298	1995	1995
293 McHenry, IL		—		1,289		28,976		243		1,289		29,219		30,508		3,777	2005	2015
058 McPherson, KS		—		79		1,571		4		79		1,575		1,654		1,086	1994	1995
316 Medford, OR		—		750		13,650		—		750		13,650		14,400		575	1984	2018
239 Merritt Island, FL		—		550		8,150		100		550		8,250		8,800		2,347	2004	2010
104 Millville, NJ		—		100		2,825		749		100		3,574		3,674		1,754	1997	1997
286 Milwaukee, WI		—		818		8,014		61		818		8,075		8,893		1,084	2007	2015
231 Monroeville, PA		—		526		5,334		435		526		5,769		6,295		1,866	1997	2009
280 Murrells Inlet, SC		—		2,490		14,185		—		2,490		14,185		16,675		1,762	2016	2015
294 Murrieta, CA		—		2,022		11,136		—		2,022		11,136		13,158		1,432	2016	2015
289 Neenah, WI		—		694		20,839		244		694		21,083		21,777		2,606	1991	2015
166 New Bern, NC		—		100		2,427		1		100		2,428		2,528		1,095	1998	1999
118 Newark, OH		—		100		2,435		284		100		2,719		2,819		1,436	1997	1997
143 Niceville, FL		—		100		2,680		—		100		2,680		2,780		1,465	1998	1998
095 Norfolk, NE		—		100		2,123		301		100		2,424		2,524		1,277	1997	1997
306 Oak Lawn, IL		—		1,591		13,772		—		1,591		13,772		15,363		792	2018	2016
290 Oshkosh, WI		—		1,525		9,192		184		1,525		9,376		10,901		2,526	2009	2015
291 Oshkosh, WI		—		475		7,364		44		475		7,408		7,883		982	2005	2015
302 Overland Park, KS		—		1,951		11,882		281		1,951		12,163		14,114		1,344	2013	2016
232 Pittsburgh, PA		—		470		2,615		333		470		2,948		3,418		1,046	1994	2009
165 Rocky Mount, NC		—		100		2,494		1		100		2,495		2,595		1,157	1998	1999
059 Salina, KS		—		79		1,571		4		79		1,575		1,654		1,086	1994	1995
084 San Antonio, TX		—		100		1,900		—		100		1,900		2,000		1,094	1997	1997
092 San Antonio, TX		—		100		2,055		—		100		2,055		2,155		1,178	1997	1997
288 Sheboygan, WI		—		1,168		5,382		184		1,168		5,566		6,734		854	2006	2015
149 Shelby, NC		—		100		2,805		2		100		2,807		2,907		1,533	1998	1998
312 Spartanburg, SC		—		254		9,906		1,520		254		11,426		11,680		886	1999	2017
150 Spring Hill, FL		—		100		2,650		—		100		2,650		2,750		1,449	1998	1998
103 Springfield, OH		—		100		2,035		270		100		2,305		2,405		1,300	1997	1997
321 Sterling Heights, MI		—		1,133		11,473		—		1,133		11,473		12,606		—	1997	2019
162 Sumter, SC		—		100		2,351		—		100		2,351		2,451		1,143	1998	1999
140 Tallahassee, FL		—		100		3,075		—		100		3,075		3,175		1,684	1998	1998
098 Tiffin, OH		—		100		2,435		279		100		2,714		2,814		1,424	1997	1997
282 Tinley Park, IL		—		702		11,481		—		702		11,481		12,183		1,509	2016	2015
088 Troy, OH		—		100		2,435		605		100		3,040		3,140		1,641	1997	1997
080 Tulsa, OK		—		200		1,650		—		200		1,650		1,850		959	1997	1997
093 Tulsa, OK		—		100		2,395		—		100		2,395		2,495		1,370	1997	1997
238 Tupelo, MS		—		1,170		8,230		30		1,170		8,260		9,430		2,437	2000	2010
075 Tyler, TX		—		100		1,800		—		100		1,800		1,900		1,052	1996	1996
202 Vacaville, CA		—		1,662		11,634		1,770		1,662		13,404		15,066		6,442	2002	2001
091 Waco, TX		—		100		2,235		—		100		2,235		2,335		1,280	1997	1997
096 Wahoo, NE		—		100		2,318		161		100		2,479		2,579		1,378	1997	1997
108 Watauga, TX		—		100		1,668		—		100		1,668		1,768		949	1996	1997
287 Waukesha, WI		—		992		15,183		210		992		15,393		16,385		1,884	2009	2015
109 Weatherford, OK		—		100		1,669		592		100		2,261		2,361		1,278	1996	1997
309 West Chester, OH		—		2,355		13,553		22		2,355		13,575		15,930		978	2017	2017
276 Westminster, CO		—		1,425		9,575		—		1,425		9,575		11,000		1,867	2015	2013
110 Wheelersburg, OH		—		29		2,435		250		29		2,685		2,714		1,437	1997	1997
303 Wichita, KS		—		1,422		9,957		285		1,422		10,242		11,664		1,159	2011	2016
259 Wichita, KS		—		730		—		9,682		730		9,682		10,412		2,270	2013	2012
283 Wichita, KS		—		624		13,846		—		624		13,846		14,470		1,245	2016	2015
076 Wichita Falls, TX		—		100		1,850		—		100		1,850		1,950		1,081	1996	1996
120 Wichita Falls, TX		—		100		2,750		131		100		2,881		2,981		1,607	1997	1997
265 Williamstown, NJ		—		711		6,637		—		711		6,637		7,348		1,502	2000	2012
264 Williamstown, NJ		—		711		8,649		—		711		8,649		9,360		1,769	2000	2012
099 York, NE		—		100		2,318		78		100		2,396		2,496		1,359	1997	1997
Assisted Living Properties	$	—	$	75,001	$	744,850	$	39,001	$	75,001	$	783,851	$	858,852	$	163,473

LTC PROPERTIES, INC.

SCHEDULE III

REAL ESTATE AND ACCUMULATED DEPRECIATION (Continued)

(in thousands)

							Costs
							capitalized		Gross amount at which carried at
			Initial cost to company				subsequent		December 31, 2019
					Building and		to				Building and					Accum		Construction/	Acquisition
	Encumbrances		Land		improvements		acquisition		Land		improvements		Total (1)			deprec.		renovation date	date
Other:
Properties:
297 Las Vegas, NV		—		1,965		7,308		1,144		1,965		8,452		10,417			891	1990/1994	2015
Properties		—		1,965		7,308		1,144		1,965		8,452		10,417			891
Land:
271 Howell, MI		—		420		—		—		420		—		420			—	N/A	2013
272 Milford, MI		—		450		—		—		450		—		450			—	N/A	2014
275 Yale, MI		—		73		—		—		73		—		73			—	N/A	2013
Land		—		943		—		—		943		—		943			—
Other Properties		—		2,908		7,308		1,144		2,908		8,452		11,360			891
Properties Under Development:
319 Independence, MO		—		2,644		1,514		—		2,644		1,514		4,158			—	N/A	2019
313 Medford, OR		—		636		13,195		—		636		13,195		13,831			—	N/A	2018
Properties Under Development		—		3,280		14,709		—		3,280		14,709		17,989			—
	$	—	$	131,252	$	1,266,559	$	86,760	$	131,252	$	1,353,319	$	1,484,571	(2)	$	347,755

(1) Depreciation is computed principally by the straight-line method for financial reporting purposes which generally range of a life from 5 to 15 years for furniture and equipment, 35 to 50 years for buildings, 10 to 20 years for site improvements, 10 to 50 years for building improvements and the respective lease term for acquired lease intangibles.

(2) As of December 31, 2019, our aggregate cost for Federal income tax purposes was $1,501.

LTC PROPERTIES, INC.

SCHEDULE III

REAL ESTATE AND ACCUMULATED DEPRECIATION (Continued)

(in thousands)

Activity for the years ended December 31, 2019, 2018 and 2017 is as follows:

	For the Year Ended December 31,
	2019		2018		2017
Reconciliation of real estate:
Carrying cost:
Balance at beginning of period	$	1,421,456	$	1,392,122	$	1,301,563
Acquisitions		58,414		40,408		82,405
Improvements		23,363		38,528		25,800
Capitalized interest		608		1,248		908
Cost of real estate sold		(19,270)		(50,850)		(18,554)
Ending balance	$	1,484,571	$	1,421,456	$	1,392,122
Accumulated depreciation:
Balance at beginning of period	$	314,875	$	306,033	$	275,861
Depreciation expense		39,094		37,416		37,492
Cost of real estate sold		(6,214)		(28,574)		(7,320)
Ending balance	$	347,755	$	314,875	$	306,033