SCHEDULE III REAL ESTATE AND ACCUMULATED DEPRECIATION

12 Months Ended

Dec. 31, 2020

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, 2020
					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	$	1,583	1985	2001
218 Albuquerque, NM		—		1,696		3,891		530		1,696		4,421		6,117		2,067	2008	2005
219 Albuquerque, NM		—		1,950		8,910		207		1,950		9,117		11,067		4,091	1982	2005
220 Albuquerque, NM		—		2,463		7,647		9		2,463		7,656		10,119		3,407	1970	2005
252 Amarillo, TX		—		844		—		7,925		844		7,925		8,769		2,179	2013	2011
247 Arlington, TX		—		1,016		13,649		—		1,016		13,649		14,665		4,393	2007	2011
007 Bradenton, FL		—		330		2,720		160		330		2,880		3,210		2,265	2012	1993
256 Brownwood, TX		—		164		6,336		—		164		6,336		6,500		1,770	2011	2012
177 Chesapeake, VA		—		388		3,469		2,777		388		6,246		6,634		3,762	2017	1995
257 Cincinnati, OH		—		1,890		25,110		—		1,890		25,110		27,000		4,927	2009	2012
125 Clovis, NM		—		561		5,539		307		561		5,846		6,407		2,872	2006	2001
129 Clovis, NM		—		598		5,902		59		598		5,961		6,559		2,949	1995	2001
267 Cold Spring, KY		—		2,050		21,496		—		2,050		21,496		23,546		5,288	2014	2012
253 Colton, CA		—		2,474		15,158		—		2,474		15,158		17,632		3,942	1990	2011
246 Crowley, TX		—		2,247		14,276		—		2,247		14,276		16,523		4,551	2007	2011
235 Daleville, VA		—		279		8,382		—		279		8,382		8,661		2,801	2005	2010
258 Dayton, OH		—		373		26,627		—		373		26,627		27,000		5,269	2010	2012
196 Dresden, TN		—		31		1,529		1,073		31		2,602		2,633		1,261	2014	2000
298 Forth Worth, TX		—		2,785		7,546		—		2,785		7,546		10,331		2,211	1998	2015
026 Gardendale, AL		—		100		7,550		2,084		100		9,634		9,734		6,470	2011	1996
248 Granbury, TX		—		836		6,693		—		836		6,693		7,529		2,789	2008	2011
250 Hewitt, TX		—		1,780		8,220		99		1,780		8,319		10,099		2,298	2008	2011
319 Independence, MO		—		2,644		13,942		—		2,644		13,942		16,586		180	2020	2019
318 Kansas City, MO		—		1,229		18,369		69		1,229		18,438		19,667		726	2018	2019
008 Lecanto, FL		—		351		2,665		2,737		351		5,402		5,753		4,011	2012	1993
322 Longview, TX		—		1,405		12,176		—		1,405		12,176		13,581		425	2014	2020
300 Mansfield, TX		—		2,890		13,110		—		2,890		13,110		16,000		2,400	2015	2016
053 Mesa, AZ		—		305		6,909		1,876		305		8,785		9,090		6,121	1996	1996
242 Mission, TX		—		1,111		16,602		—		1,111		16,602		17,713		4,868	2004	2010
115 Nacogdoches, TX		—		100		1,738		168		100		1,906		2,006		1,243	1973	1997
233 Nacogdoches, TX		—		394		7,456		268		394		7,724		8,118		2,463	1991	2010
249 Nacogdoches, TX		—		1,015		11,109		—		1,015		11,109		12,124		4,007	2007	2011
245 Newberry, SC		—		439		4,639		608		439		5,247		5,686		1,959	1995	2011
244 Newberry, SC		—		919		5,454		131		919		5,585		6,504		2,060	2001	2011
251 Pasadena, TX		—		1,155		14,345		522		1,155		14,867		16,022		3,890	2005	2011
193 Phoenix, AZ		—		300		9,703		92		300		9,795		10,095		6,105	1985	2000
094 Portland, OR		—		100		1,925		3,152		100		5,077		5,177		3,661	2007	1997
254 Red Oak, TX		—		1,427		17,173		—		1,427		17,173		18,600		4,510	2002	2012
197 Ripley, TN		—		20		985		1,638		20		2,623		2,643		1,305	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, 2020
					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	$	3,161	1975	2001
081 Sacramento, CA		—		220		2,929		1,481		220		4,410		4,630		2,638	2015	1997
281 Slinger, WI		—		464		13,482		—		464		13,482		13,946		3,030	2014	2015
234 St. Petersburg, FL		—		1,070		7,930		500		1,070		8,430		9,500		2,488	1988	2010
243 Stephenville, TX		—		670		10,117		500		670		10,617		11,287		3,218	2009	2010
225 Tacoma, WA		—		723		6,401		901		723		7,302		8,025		3,469	2009	2006
178 Tappahannock, VA		—		375		1,327		397		375		1,724		2,099		1,528	1978	1995
270 Trinity, FL		—		1,653		12,748		—		1,653		12,748		14,401		2,956	2008	2013
192 Tucson, AZ		—		276		8,924		112		276		9,036		9,312		5,626	1992	2000
305 Union, KY		—		858		24,116		—		858		24,116		24,974		1,652	2019	2016
299 Weatherford, TX		—		836		11,902		—		836		11,902		12,738		2,845	1996	2015
236 Wytheville, VA		—		647		12,167		—		647		12,167		12,814		4,866	1996	2010
Skilled Nursing Properties	$	—	$	49,229	$	478,821	$	32,419	$	49,229	$	511,240	$	560,469	$	160,556
Assisted Living Properties:
317 Abington, VA		—		541		16,355		—		541		16,355		16,896		815	2015	2019
077 Ada, OK		—		100		1,650		89		100		1,739		1,839		1,008	1996	1996
105 Arvada, CO		—		100		2,810		7,003		100		9,813		9,913		3,514	2014	1997
304 Athens, GA		—		1,056		13,326		—		1,056		13,326		14,382		1,681	2016	2016
063 Athens, TX		—		96		1,510		104		96		1,614		1,710		1,033	1995	1996
320 Auburn Hills, MI		—		1,964		4,577		1,024		1,964		5,601		7,565		324	1995	2019
269 Aurora, CO		—		850		8,583		—		850		8,583		9,433		2,133	2014	2013
260 Aurora, CO		—		831		10,071		—		831		10,071		10,902		2,370	1999	2012
203 Bakersfield, CA		—		834		11,986		2,208		834		14,194		15,028		6,854	2002	2001
117 Beatrice, NE		—		100		2,173		243		100		2,416		2,516		1,367	1997	1997
277 Burr Ridge, IL		—		1,400		11,102		—		1,400		11,102		12,502		2,106	2016	2014
278 Castle Rock, CO		—		759		6,005		—		759		6,005		6,764		1,264	2012	2014
311 Cedarburg, WI		—		924		21,083		—		924		21,083		22,007		1,441	2019	2017
160 Central, SC		—		100		2,321		85		100		2,406		2,506		1,153	1998	1999
263 Chatham, NJ		—		5,365		36,399		—		5,365		36,399		41,764		8,252	2002	2012
307 Clovis, CA		—		2,542		19,126		—		2,542		19,126		21,668		1,923	2014	2017
308 Clovis, CA		—		3,054		14,172		—		3,054		14,172		17,226		1,371	2016	2017
279 Corpus Christi, TX		—		880		11,440		147		880		11,587		12,467		2,076	2016	2015
292 De Forest, WI		—		485		5,568		43		485		5,611		6,096		895	2006	2015
057 Dodge City, KS		—		84		1,666		7		84		1,673		1,757		1,074	1995	1995
083 Durant, OK		—		100		1,769		36		100		1,805		1,905		1,063	1997	1997
107 Edmond, OK		—		100		1,365		636		100		2,001		2,101		1,117	1996	1997
163 Ft. Collins, CO		—		100		2,961		3,479		100		6,440		6,540		2,710	2014	1999
170 Ft. Collins, CO		—		100		3,400		4,684		100		8,084		8,184		3,079	2014	1999
132 Ft. Meyers, FL		—		100		2,728		10		100		2,738		2,838		1,574	1998	1998
315 Ft. Worth, TX		—		1,534		11,099		—		1,534		11,099		12,633		791	2014	2018
100 Fremont ,OH		—		100		2,435		117		100		2,552		2,652		1,514	1997	1997
267 Frisco, TX		—		1,000		5,154		—		1,000		5,154		6,154		1,348	2014	2012
314 Frisco, TX		—		2,216		10,417		—		2,216		10,417		12,633		759	2015	2018
296 Glenview, IL		—		2,800		14,248		—		2,800		14,248		17,048		1,672	2017	2015
167 Goldsboro, NC		—		100		2,385		64		100		2,449		2,549		1,104	1998	1999
056 Great Bend, KS		—		80		1,570		21		80		1,591		1,671		1,142	1995	1995
102 Greeley, CO		—		100		2,310		313		100		2,623		2,723		1,523	1997	1997
284 Green Bay, WI		—		1,660		19,079		404		1,660		19,483		21,143		3,223	2004	2015
164 Greenville, NC		—		100		2,478		17		100		2,495		2,595		1,288	1998	1999
062 Greenville, TX		—		42		1,565		84		42		1,649		1,691		1,043	1995	1996
161 Greenwood, SC		—		100		2,638		135		100		2,773		2,873		1,403	1998	1999
241 Gulf Breeze, FL		—		720		2,839		261		720		3,100		3,820		1,342	2000	2010
295 Jacksonville, FL		—		1,389		12,756		689		1,389		13,445		14,834		1,803	2015	2015
066 Jacksonville, TX		—		100		1,900		77		100		1,977		2,077		1,253	1996	1996
310 Kansas City, MO		—		1,072		15,552		—		1,072		15,552		16,624		1,249	2017	2017
285 Kenosha, WI		—		936		12,361		245		936		12,606		13,542		1,878	2008	2015
255 Littleton, CO		—		1,882		8,248		—		1,882		8,248		10,130		1,887	2013	2012
268 Littleton, CO		—		1,200		8,688		—		1,200		8,688		9,888		2,228	2014	2013
148 Longmont, CO		—		100		2,640		2		100		2,642		2,742		1,508	1998	1998
060 Longview, TX		—		38		1,568		127		38		1,695		1,733		1,088	1995	1995
261 Louisville, CO		—		911		11,703		—		911		11,703		12,614		2,703	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, 2020
						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	$	110	$	1,021	$	13,267	$	14,288	$	1,648	2016	2016
114 Loveland, CO		—		100		2,865		293		100		3,158		3,258		1,836	1997	1997
068 Lufkin, TX		—		100		1,950		94		100		2,044		2,144		1,289	1996	1996
061 Marshall, TX		—		38		1,568		534		38		2,102		2,140		1,360	1995	1995
293 McHenry, IL		—		1,289		28,976		310		1,289		29,286		30,575		4,592	2005	2015
058 McPherson, KS		—		79		1,571		9		79		1,580		1,659		1,130	1994	1995
313 Medford, OR				636		17,810		—		636		17,810		18,446		481	2020	2018
316 Medford, OR		—		750		13,650		—		750		13,650		14,400		1,006	1984	2018
239 Merritt Island, FL		—		550		8,150		100		550		8,250		8,800		2,586	2004	2010
104 Millville, NJ		—		100		2,825		832		100		3,657		3,757		1,895	1997	1997
286 Milwaukee, WI		—		818		8,014		65		818		8,079		8,897		1,309	2007	2015
231 Monroeville, PA		—		526		5,334		435		526		5,769		6,295		2,018	1997	2009
280 Murrells Inlet, SC		—		2,490		14,185		—		2,490		14,185		16,675		2,318	2016	2015
294 Murrieta, CA		—		2,022		11,136		—		2,022		11,136		13,158		1,872	2016	2015
289 Neenah, WI		—		694		20,839		251		694		21,090		21,784		3,189	1991	2015
166 New Bern, NC		—		100		2,427		7		100		2,434		2,534		1,146	1998	1999
118 Newark, OH		—		100		2,435		295		100		2,730		2,830		1,521	1997	1997
143 Niceville, FL		—		100		2,680		64		100		2,744		2,844		1,531	1998	1998
095 Norfolk, NE		—		100		2,123		311		100		2,434		2,534		1,368	1997	1997
306 Oak Lawn, IL		—		1,591		13,772		—		1,591		13,772		15,363		1,303	2018	2016
290 Oshkosh, WI		—		1,525		9,192		184		1,525		9,376		10,901		3,084	2009	2015
291 Oshkosh, WI		—		475		7,364		44		475		7,408		7,883		1,189	2005	2015
302 Overland Park, KS		—		1,951		11,882		281		1,951		12,163		14,114		1,733	2013	2016
232 Pittsburgh, PA		—		470		2,615		333		470		2,948		3,418		1,119	1994	2009
165 Rocky Mount, NC		—		100		2,494		194		100		2,688		2,788		1,211	1998	1999
059 Salina, KS		—		79		1,571		139		79		1,710		1,789		1,132	1994	1995
084 San Antonio, TX		—		100		1,900		13		100		1,913		2,013		1,141	1997	1997
092 San Antonio, TX		—		100		2,055		33		100		2,088		2,188		1,229	1997	1997
288 Sheboygan, WI		—		1,168		5,382		245		1,168		5,627		6,795		1,024	2006	2015
149 Shelby, NC		—		100		2,805		112		100		2,917		3,017		1,603	1998	1998
312 Spartanburg, SC		—		254		9,906		1,520		254		11,426		11,680		1,467	1999	2017
150 Spring Hill, FL		—		100		2,650		24		100		2,674		2,774		1,514	1998	1998
103 Springfield, OH		—		100		2,035		300		100		2,335		2,435		1,358	1997	1997
321 Sterling Heights, MI		—		1,133		11,487		992		1,133		12,479		13,612		525	1997	2019
162 Sumter, SC		—		100		2,351		84		100		2,435		2,535		1,196	1998	1999
140 Tallahassee, FL		—		100		3,075		2		100		3,077		3,177		1,760	1998	1998
098 Tiffin, OH		—		100		2,435		279		100		2,714		2,814		1,506	1997	1997
282 Tinley Park, IL		—		702		11,481		—		702		11,481		12,183		1,942	2016	2015
088 Troy, OH		—		100		2,435		608		100		3,043		3,143		1,735	1997	1997
080 Tulsa, OK		—		200		1,650		11		200		1,661		1,861		1,000	1997	1997
093 Tulsa, OK		—		100		2,395		23		100		2,418		2,518		1,429	1997	1997
238 Tupelo, MS		—		1,170		8,230		30		1,170		8,260		9,430		2,669	2000	2010
075 Tyler, TX		—		100		1,800		10		100		1,810		1,910		1,096	1996	1996
202 Vacaville, CA		—		1,662		11,634		2,524		1,662		14,158		15,820		6,903	2002	2001
091 Waco, TX		—		100		2,235		134		100		2,369		2,469		1,335	1997	1997
096 Wahoo, NE		—		100		2,318		166		100		2,484		2,584		1,463	1997	1997
108 Watauga, TX		—		100		1,668		12		100		1,680		1,780		990	1996	1997
287 Waukesha, WI		—		992		15,183		235		992		15,418		16,410		2,340	2009	2015
109 Weatherford, OK		—		100		1,669		601		100		2,270		2,370		1,334	1996	1997
309 West Chester, OH		—		2,355		13,553		145		2,355		13,698		16,053		1,379	2017	2017
276 Westminster, CO		—		1,425		9,575		—		1,425		9,575		11,000		2,146	2015	2013
110 Wheelersburg, OH		—		29		2,435		250		29		2,685		2,714		1,529	1997	1997
303 Wichita, KS		—		1,422		9,957		285		1,422		10,242		11,664		1,498	2011	2016
259 Wichita, KS		—		730		—		9,682		730		9,682		10,412		2,484	2013	2012
283 Wichita, KS		—		624		13,846		—		624		13,846		14,470		1,652	2016	2015
076 Wichita Falls, TX		—		100		1,850		10		100		1,860		1,960		1,126	1996	1996
120 Wichita Falls, TX		—		100		2,750		131		100		2,881		2,981		1,687	1997	1997
265 Williamstown, NJ		—		711		6,637		—		711		6,637		7,348		1,662	2000	2012
264 Williamstown, NJ		—		711		8,649		—		711		8,649		9,360		1,983	2000	2012
099 York, NE		—		100		2,318		122		100		2,440		2,540		1,431	1997	1997
Assisted Living Properties	$	—	$	75,637	$	758,713	$	45,822	$	75,637	$	804,535	$	880,172	$	187,948

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, 2020
					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			1,139	1990/1994	2015
Properties		—		1,965		7,308		1,144		1,965		8,452		10,417			1,139
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			1,139
	$	—	$	127,774	$	1,244,842	$	79,385	$	127,774	$	1,324,227	$	1,452,001	(2)	$	349,643

(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, 2020, our aggregate cost for Federal income tax purposes was $1,458,253.

LTC PROPERTIES, INC.

SCHEDULE III

REAL ESTATE AND ACCUMULATED DEPRECIATION (Continued)

(in thousands)

Activity for the years ended December 31, 2020, 2019 and 2018 is as follows:

	For the Year Ended December 31,
	2020		2019		2018
Reconciliation of real estate:
Carrying cost:
Balance at beginning of period	$	1,484,571	$	1,421,456	$	1,392,122
Acquisitions		13,581		58,414		40,408
Improvements		23,612		23,363		38,528
Capitalized interest		354		608		1,248
Cost of real estate sold		(66,140)		(19,270)		(50,850)
Impairment loss from real estate investments		(3,977)		—		—
Ending balance	$	1,452,001	$	1,484,571	$	1,421,456
Accumulated depreciation:
Balance at beginning of period	$	347,755	$	314,875	$	306,033
Depreciation expense		38,945		39,094		37,416
Cost of real estate sold		(37,057)		(6,214)		(28,574)
Ending balance	$	349,643	$	347,755	$	314,875