SCHEDULE III REAL ESTATE AND ACCUMULATED DEPRECIATION

12 Months Ended

Dec. 31, 2021

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, 2021
					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	$	1,663	1985	2001
218 Albuquerque, NM		—		1,696		3,891		530		1,696		4,421		6,117		2,180	2008	2005
219 Albuquerque, NM		—		1,950		8,910		207		1,950		9,117		11,067		4,302	1982	2005
220 Albuquerque, NM		—		2,463		7,647		9		2,463		7,656		10,119		3,579	1970	2005
252 Amarillo, TX		—		844		—		7,925		844		7,925		8,769		2,333	2013	2011
247 Arlington, TX		—		1,016		13,649		2		1,016		13,651		14,667		4,689	2007	2011
007 Bradenton, FL		—		330		2,720		160		330		2,880		3,210		2,342	2012	1993
256 Brownwood, TX		—		164		6,336		4		164		6,340		6,504		1,978	2011	2012
177 Chesapeake, VA		—		388		3,469		2,777		388		6,246		6,634		3,940	2017	1995
257 Cincinnati, OH		—		1,890		25,110		—		1,890		25,110		27,000		5,433	2009	2012
125 Clovis, NM		—		561		5,539		307		561		5,846		6,407		3,013	2006	2001
129 Clovis, NM		—		598		5,902		59		598		5,961		6,559		3,092	1995	2001
267 Cold Spring, KY		—		2,050		21,496		—		2,050		21,496		23,546		5,648	2014	2012
253 Colton, CA		—		2,474		15,158		—		2,474		15,158		17,632		4,372	1990	2011
246 Crowley, TX		—		2,247		14,276		10		2,247		14,286		16,533		4,906	2007	2011
235 Daleville, VA		—		279		8,382		—		279		8,382		8,661		2,990	2005	2010
258 Dayton, OH		—		373		26,627		—		373		26,627		27,000		5,806	2010	2012
196 Dresden, TN		—		31		1,529		1,073		31		2,602		2,633		1,330	2014	2000
298 Forth Worth, TX		—		2,785		7,546		17		2,785		7,563		10,348		2,647	1998	2015
026 Gardendale, AL		—		100		7,550		2,084		100		9,634		9,734		6,774	2011	1996
248 Granbury, TX		—		836		6,693		79		836		6,772		7,608		2,951	2008	2011
250 Hewitt, TX		—		1,780		8,220		129		1,780		8,349		10,129		2,540	2008	2011
319 Independence, MO		—		2,644		13,942		73		2,644		14,015		16,659		843	2020	2019
318 Kansas City, MO		—		1,229		18,369		69		1,229		18,438		19,667		1,240	2018	2019
008 Lecanto, FL		—		351		2,665		2,737		351		5,402		5,753		4,149	2012	1993
322 Longview, TX		—		1,405		12,176		—		1,405		12,176		13,581		849	2014	2020
300 Mansfield, TX		—		2,890		13,110		—		2,890		13,110		16,000		2,889	2015	2016
053 Mesa, AZ		—		305		6,909		1,876		305		8,785		9,090		6,365	1996	1996
242 Mission, TX		—		1,111		16,602		18		1,111		16,620		17,731		5,296	2004	2010
115 Nacogdoches, TX		—		100		1,738		168		100		1,906		2,006		1,283	1973	1997
233 Nacogdoches, TX		—		394		7,456		268		394		7,724		8,118		2,656	1991	2010
249 Nacogdoches, TX		—		1,015		11,109		13		1,015		11,122		12,137		4,285	2007	2011
245 Newberry, SC		—		439		4,639		777		439		5,416		5,855		2,220	1995	2011
244 Newberry, SC		—		919		5,454		135		919		5,589		6,508		2,121	2001	2011
251 Pasadena, TX		—		1,155		14,345		522		1,155		14,867		16,022		4,296	2005	2011
193 Phoenix, AZ		—		300		9,703		92		300		9,795		10,095		6,356	1985	2000
094 Portland, OR		—		100		1,925		3,152		100		5,077		5,177		3,909	2007	1997
254 Red Oak, TX		—		1,427		17,173		24		1,427		17,197		18,624		5,027	2002	2012
197 Ripley, TN		—		20		985		1,638		20		2,623		2,643		1,386	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, 2021
					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	$	3,341	1975	2001
081 Sacramento, CA		—		220		2,929		1,481		220		4,410		4,630		2,765	2015	1997
281 Slinger, WI		—		464		13,482		—		464		13,482		13,946		3,473	2014	2015
234 St. Petersburg, FL		—		1,070		7,930		500		1,070		8,430		9,500		2,690	1988	2010
243 Stephenville, TX		—		670		10,117		505		670		10,622		11,292		3,514	2009	2010
178 Tappahannock, VA		—		375		1,327		397		375		1,724		2,099		1,548	1978	1995
270 Trinity, FL		—		1,653		12,748		—		1,653		12,748		14,401		3,369	2008	2013
192 Tucson, AZ		—		276		8,924		112		276		9,036		9,312		5,858	1992	2000
305 Union, KY		—		858		24,116		—		858		24,116		24,974		2,560	2019	2016
299 Weatherford, TX		—		836		11,902		4		836		11,906		12,742		3,405	1996	2015
236 Wytheville, VA		—		647		12,167		—		647		12,167		12,814		5,115	1996	2010
Skilled Nursing Properties	$	—	$	48,506	$	472,420	$	31,970	$	48,506	$	504,390	$	552,896	$	171,316
Assisted Living Properties:
317 Abington, VA		—		541		16,355		—		541		16,355		16,896		1,240	2014	2019
077 Ada, OK		—		100		1,650		89		100		1,739		1,839		1,055	1996	1996
105 Arvada, CO		—		100		2,810		7,012		100		9,822		9,922		3,770	2014	1997
304 Athens, GA		—		1,056		13,326		—		1,056		13,326		14,382		2,048	2016	2016
063 Athens, TX		—		96		1,510		104		96		1,614		1,710		1,081	1995	1996
320 Auburn Hills, MI		—		1,964		4,577		1,149		1,964		5,726		7,690		683	1995	2019
269 Aurora, CO		—		850		8,583		—		850		8,583		9,433		2,349	2014	2013
260 Aurora, CO		—		831		10,071		—		831		10,071		10,902		2,617	1999	2012
203 Bakersfield, CA		—		834		11,986		2,696		834		14,682		15,516		7,352	2002	2001
117 Beatrice, NE		—		100		2,173		243		100		2,416		2,516		1,444	1997	1997
277 Burr Ridge, IL		—		1,400		11,102		—		1,400		11,102		12,502		2,432	2016	2014
278 Castle Rock, CO		—		759		6,005		—		759		6,005		6,764		1,426	2012	2014
311 Cedarburg, WI		—		924		21,083		—		924		21,083		22,007		2,253	2019	2017
160 Central, SC		—		100		2,321		87		100		2,408		2,508		1,213	1998	1999
263 Chatham, NJ		—		5,365		36,399		587		5,365		36,986		42,351		9,166	2002	2012
307 Clovis, CA		—		2,542		19,126		—		2,542		19,126		21,668		2,473	2014	2017
308 Clovis, CA		—		3,054		14,172		—		3,054		14,172		17,226		1,762	2016	2017
279 Corpus Christi, TX		—		880		11,440		296		880		11,736		12,616		2,447	2016	2015
292 De Forest, WI		—		485		5,568		45		485		5,613		6,098		1,046	2006	2015
057 Dodge City, KS		—		84		1,666		9		84		1,675		1,759		1,115	1995	1995
083 Durant, OK		—		100		1,769		36		100		1,805		1,905		1,110	1997	1997
107 Edmond, OK		—		100		1,365		636		100		2,001		2,101		1,172	1996	1997
163 Ft. Collins, CO		—		100		2,961		3,625		100		6,586		6,686		2,925	2014	1999
170 Ft. Collins, CO		—		100		3,400		4,746		100		8,146		8,246		3,372	2014	1999
132 Ft. Meyers, FL		—		100		2,728		37		100		2,765		2,865		1,642	1998	1998
315 Ft. Worth, TX		—		1,534		11,099		—		1,534		11,099		12,633		1,107	2014	2018
100 Fremont ,OH		—		100		2,435		132		100		2,567		2,667		1,585	1997	1997
267 Frisco, TX		—		1,000		5,154		—		1,000		5,154		6,154		1,508	2014	2012
314 Frisco, TX		—		2,216		10,417		—		2,216		10,417		12,633		1,063	2015	2018
296 Glenview, IL		—		2,800		14,248		—		2,800		14,248		17,048		2,224	2017	2015
167 Goldsboro, NC		—		100		2,385		68		100		2,453		2,553		1,159	1998	1999
056 Great Bend, KS		—		80		1,570		21		80		1,591		1,671		1,187	1995	1995
102 Greeley, CO		—		100		2,310		480		100		2,790		2,890		1,598	1997	1997
284 Green Bay, WI		—		1,660		19,079		466		1,660		19,545		21,205		3,834	2004	2015
164 Greenville, NC		—		100		2,478		69		100		2,547		2,647		1,347	1998	1999
062 Greenville, TX		—		42		1,565		84		42		1,649		1,691		1,089	1995	1996
161 Greenwood, SC		—		100		2,638		137		100		2,775		2,875		1,473	1998	1999
295 Jacksonville, FL		—		1,389		12,756		1,056		1,389		13,812		15,201		2,247	2015	2015
066 Jacksonville, TX		—		100		1,900		77		100		1,977		2,077		1,309	1996	1996
310 Kansas City, MO		—		1,072		15,552		—		1,072		15,552		16,624		1,660	2017	2017
285 Kenosha, WI		—		936		12,361		365		936		12,726		13,662		2,244	2008	2015
255 Littleton, CO		—		1,882		8,248		—		1,882		8,248		10,130		2,057	2013	2012
268 Littleton, CO		—		1,200		8,688		—		1,200		8,688		9,888		2,449	2014	2013
148 Longmont, CO		—		100		2,640		41		100		2,681		2,781		1,576	1998	1998
060 Longview, TX		—		38		1,568		127		38		1,695		1,733		1,135	1995	1995
261 Louisville, CO		—		911		11,703		—		911		11,703		12,614		2,992	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, 2021
						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	$	123	$	1,021	$	13,280	$	14,301	$	2,023	2016	2016
114 Loveland, CO		—		100		2,865		293		100		3,158		3,258		1,915	1997	1997
068 Lufkin, TX		—		100		1,950		94		100		2,044		2,144		1,346	1996	1996
061 Marshall, TX		—		38		1,568		534		38		2,102		2,140		1,420	1995	1995
293 McHenry, IL		—		1,289		28,976		774		1,289		29,750		31,039		5,420	2005	2015
058 McPherson, KS		—		79		1,571		11		79		1,582		1,661		1,176	1994	1995
313 Medford, OR				636		17,810		—		636		17,810		18,446		1,134	2020	2018
316 Medford, OR		—		750		13,650		—		750		13,650		14,400		1,437	2005	2018
239 Merritt Island, FL		—		550		8,150		100		550		8,250		8,800		2,820	2004	2010
104 Millville, NJ		—		100		2,825		848		100		3,673		3,773		2,035	1997	1997
286 Milwaukee, WI		—		818		8,014		134		818		8,148		8,966		1,530	2007	2015
231 Monroeville, PA		—		526		5,334		439		526		5,773		6,299		2,169	1997	2009
280 Murrells Inlet, SC		—		2,490		14,185		59		2,490		14,244		16,734		2,840	2016	2015
294 Murrieta, CA		—		2,022		11,136		—		2,022		11,136		13,158		2,270	2016	2015
289 Neenah, WI		—		694		20,839		251		694		21,090		21,784		3,763	1991	2015
166 New Bern, NC		—		100		2,427		7		100		2,434		2,534		1,197	1998	1999
118 Newark, OH		—		100		2,435		323		100		2,758		2,858		1,608	1997	1997
143 Niceville, FL		—		100		2,680		66		100		2,746		2,846		1,603	1998	1998
095 Norfolk, NE		—		100		2,123		311		100		2,434		2,534		1,455	1997	1997
306 Oak Lawn, IL		—		1,591		13,772		—		1,591		13,772		15,363		1,814	2018	2016
302 Overland Park, KS		—		1,951		11,882		281		1,951		12,163		14,114		2,121	2013	2016
232 Pittsburgh, PA		—		470		2,615		360		470		2,975		3,445		1,193	1994	2009
165 Rocky Mount, NC		—		100		2,494		222		100		2,716		2,816		1,278	1998	1999
059 Salina, KS		—		79		1,571		165		79		1,736		1,815		1,188	1994	1995
084 San Antonio, TX		—		100		1,900		13		100		1,913		2,013		1,190	1997	1997
092 San Antonio, TX		—		100		2,055		393		100		2,448		2,548		1,293	1997	1997
288 Sheboygan, WI		—		1,168		5,382		320		1,168		5,702		6,870		1,196	2006	2015
149 Shelby, NC		—		100		2,805		190		100		2,995		3,095		1,685	1998	1998
312 Spartanburg, SC		—		254		9,906		1,520		254		11,426		11,680		2,048	1999	2017
150 Spring Hill, FL		—		100		2,650		57		100		2,707		2,807		1,586	1998	1998
103 Springfield, OH		—		100		2,035		337		100		2,372		2,472		1,422	1997	1997
321 Sterling Heights, MI		—		1,133		11,487		1,111		1,133		12,598		13,731		1,077	1997	2019
162 Sumter, SC		—		100		2,351		576		100		2,927		3,027		1,273	1998	1999
140 Tallahassee, FL		—		100		3,075		102		100		3,177		3,277		1,841	1998	1998
098 Tiffin, OH		—		100		2,435		300		100		2,735		2,835		1,588	1997	1997
282 Tinley Park, IL		—		702		11,481		—		702		11,481		12,183		2,308	2016	2015
088 Troy, OH		—		100		2,435		619		100		3,054		3,154		1,829	1997	1997
080 Tulsa, OK		—		200		1,650		14		200		1,664		1,864		1,041	1997	1997
093 Tulsa, OK		—		100		2,395		23		100		2,418		2,518		1,491	1997	1997
238 Tupelo, MS		—		1,170		8,230		30		1,170		8,260		9,430		2,901	2000	2010
075 Tyler, TX		—		100		1,800		85		100		1,885		1,985		1,146	1996	1996
202 Vacaville, CA		—		1,662		11,634		3,002		1,662		14,636		16,298		7,428	2002	2001
091 Waco, TX		—		100		2,235		677		100		2,912		3,012		1,420	2021	1997
096 Wahoo, NE		—		100		2,318		166		100		2,484		2,584		1,546	1997	1997
108 Watauga, TX		—		100		1,668		18		100		1,686		1,786		1,033	1996	1997
109 Weatherford, OK		—		100		1,669		611		100		2,280		2,380		1,392	1996	1997
309 West Chester, OH		—		2,355		13,553		212		2,355		13,765		16,120		1,803	2017	2017
276 Westminster, CO		—		1,425		9,575		—		1,425		9,575		11,000		2,403	2015	2013
110 Wheelersburg, OH		—		29		2,435		260		29		2,695		2,724		1,620	1997	1997
303 Wichita, KS		—		1,422		9,957		285		1,422		10,242		11,664		1,836	2011	2016
259 Wichita, KS		—		730		—		9,682		730		9,682		10,412		2,698	2013	2012
283 Wichita, KS		—		624		13,846		—		624		13,846		14,470		2,053	2016	2015
076 Wichita Falls, TX		—		100		1,850		10		100		1,860		1,960		1,173	1996	1996
120 Wichita Falls, TX		—		100		2,750		131		100		2,881		2,981		1,765	1997	1997
265 Williamstown, NJ		—		711		6,637		—		711		6,637		7,348		1,822	2000	2012
264 Williamstown, NJ		—		711		8,649		—		711		8,649		9,360		2,197	2000	2012
Assisted Living Properties	$	—	$	71,825	$	721,817	$	50,659	$	71,825	$	772,476	$	844,301	$	201,895

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, 2021
					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			1,395	1990/1994	2015
Properties		—		1,965		7,308		1,144		1,965		8,452		10,417			1,395
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			1,395
	$	—	$	123,239	$	1,201,545	$	83,773	$	123,239	$	1,285,318	$	1,408,557	(2)	$	374,606

(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, 2021, our aggregate cost for Federal income tax purposes was $1,413,709 (unaudited).

LTC PROPERTIES, INC.

SCHEDULE III

REAL ESTATE AND ACCUMULATED DEPRECIATION (Continued)

(in thousands)

Activity for the years ended December 31, 2021, 2020 and 2019 is as follows:

	For the Year Ended December 31,
	2021		2020		2019
Reconciliation of real estate:
Carrying cost:
Balance at beginning of period	$	1,452,001	$	1,484,571	$	1,421,456
Acquisitions		—		13,581		58,414
Improvements		6,298		23,612		23,363
Capitalized interest		—		354		608
Cost of real estate sold		(49,742)		(66,140)		(19,270)
Impairmentloss from real estate investments		—		(3,977)		—
Ending balance	$	1,408,557	$	1,452,001	$	1,484,571
Accumulated depreciation:
Balance at beginning of period	$	349,643	$	347,755	$	314,875
Depreciation expense		38,192		38,945		39,094
Cost of real estate sold		(13,229)		(37,057)		(6,214)
Ending balance	$	374,606	$	349,643	$	347,755