CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Investments:
Land	$ 123,338	$ 124,665
Buildings and improvements	1,258,721	1,273,025
Accumulated depreciation and amortization	(390,013)	(389,182)
Operating real estate property, net	992,046	1,008,508
Properties held-for-sale, net of accumulated depreciation: 2023-$3,088; 2022-$2,305	4,075	10,710
Real property investments, net	996,121	1,019,218
Financing receivables, net of credit loss reserve: 2023-$1,981; 2022-$768	196,096	75,999
Mortgage loans receivable, net of credit loss reserve: 2023-$4,569; 2022-$3,930	452,955	389,728
Real estate investments, net	1,645,172	1,484,945
Notes receivable, net of credit loss reserve: 2023-$469; 2022-$589	46,467	58,383
Investments in unconsolidated joint ventures	19,340	19,340
Investments, net	1,710,979	1,562,668
Other assets:
Cash and cash equivalents	5,538	10,379
Debt issue costs related to revolving line of credit	2,132	2,321
Interest receivable	48,079	46,000
Straight-line rent receivable	21,238	21,847
Lease incentives	1,571	1,789
Prepaid expenses and other assets	9,319	11,099
Total assets	1,798,856	1,656,103
LIABILITIES
Revolving line of credit	270,100	130,000
Term loans, net of debt issue costs: 2023-$455; 2022-$489	99,545	99,511
Senior unsecured notes, net of debt issue costs: 2023-$1,420; 2022-$1,477	531,400	538,343
Accrued interest	4,122	5,234
Accrued expenses and other liabilities	29,074	32,708
Total liabilities	934,241	805,796
Stockholders' equity:
Common stock: $0.01 par value; 60,000 shares authorized; shares issued and outstanding: 2023-41,396; 2022-41,262	413	412
Capital in excess of par value	933,370	931,124
Cumulative net income	1,577,794	1,544,660
Accumulated other comprehensive income (loss)	7,357	8,719
Cumulative distributions	(1,680,111)	(1,656,548)
Total LTC Properties, Inc. stockholders' equity	838,823	828,367
Non-controlling interests	25,792	21,940
Total equity	864,615	850,307
Total liabilities and equity	$ 1,798,856	$ 1,656,103