SCHEDULE III REAL ESTATE AND ACCUMULATED DEPRECIATION

12 Months Ended

Dec. 31, 2023

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, 2023
					Building and		to				Building and				Accum		Construction/	Acquisition
	Encumbrances		Land		improvements		acquisition		Land		improvements		Total (1)		deprec.		renovation date	date
Skilled Nursing Properties:
218 Albuquerque, NM	$	—	$	1,696	$	3,891	$	1,390	$	1,696	$	5,281	$	6,977	$	2,408	2008	2005
219 Albuquerque, NM		—		1,950		8,910		869		1,950		9,779		11,729		4,735	1982	2005
220 Albuquerque, NM		—		2,463		7,647		290		2,463		7,937		10,400		3,932	1970	2005
252 Amarillo, TX		—		844		—		7,925		844		7,925		8,769		2,642	2013	2011
247 Arlington, TX		—		1,016		13,649		341		1,016		13,990		15,006		5,347	2007	2011
325 Austin, TX		—		896		9,562		174		896		9,736		10,632		479	2017	2022
319, Blue Springs, MO		—		2,644		13,942		73		2,644		14,015		16,659		2,155	2020	2019
007 Bradenton, FL		—		330		2,720		160		330		2,880		3,210		2,494	2012	1993
256 Brownwood, TX		—		164		6,336		78		164		6,414		6,578		2,402	2011	2012
177 Chesapeake, VA		—		388		3,469		2,777		388		6,246		6,634		4,280	2017	1995
257 Cincinnati, OH		—		1,890		25,110		224		1,890		25,334		27,224		6,461	2009	2012
125 Clovis, NM		—		561		5,539		334		561		5,873		6,434		3,297	2006	2001
129 Clovis, NM		—		598		5,902		541		598		6,443		7,041		3,380	1995	2001
267 Cold Spring, KY		—		2,050		21,496		196		2,050		21,692		23,742		6,384	2014	2012
253 Colton, CA		—		2,474		15,158		—		2,474		15,158		17,632		5,229	1990	2011
246 Crowley, TX		—		2,247		14,276		526		2,247		14,802		17,049		5,656	2007	2011
235 Daleville, VA		—		279		8,382		—		279		8,382		8,661		3,370	2005	2010
258 Dayton, OH		—		373		26,627		—		373		26,627		27,000		6,881	2010	2012
196 Dresden, TN		—		31		1,529		1,073		31		2,602		2,633		1,469	2014	2000
298 Forth Worth, TX		—		2,785		7,546		797		2,785		8,343		11,128		3,484	1998	2015
326 Forth Worth, TX		—		922		12,268		221		922		12,489		13,411		631	2017	2022
026 Gardendale, AL		—		100		7,550		2,260		100		9,810		9,910		7,391	2011	1996
248 Granbury, TX		—		836		6,693		600		836		7,293		8,129		3,346	2008	2011
250 Hewitt, TX		—		1,780		8,220		621		1,780		8,841		10,621		3,063	2008	2011
318 Kansas City, MO		—		1,229		18,369		69		1,229		18,438		19,667		2,270	2018	2019
008 Lecanto, FL		—		351		2,665		2,737		351		5,402		5,753		4,424	2012	1993
322 Longview, TX		—		1,405		12,176		—		1,405		12,176		13,581		1,699	2014	2020
300 Mansfield, TX		—		2,890		13,110		—		2,890		13,110		16,000		3,865	2015	2016
053 Mesa, AZ		—		305		6,909		1,876		305		8,785		9,090		6,855	1996	1996
242 Mission, TX		—		1,111		16,602		174		1,111		16,776		17,887		6,164	2004	2010
233 Nacogdoches, TX		—		394		7,456		268		394		7,724		8,118		3,041	1991	2010
249 Nacogdoches, TX		—		1,015		11,109		621		1,015		11,730		12,745		4,914	2007	2011
245 Newberry, SC		—		439		4,639		1,047		439		5,686		6,125		2,549	1995	2011
244 Newberry, SC		—		919		5,454		556		919		6,010		6,929		2,453	2001	2011
251 Pasadena, TX		—		1,155		14,345		522		1,155		14,867		16,022		5,074	2005	2011
193 Phoenix, AZ		—		300		9,703		92		300		9,795		10,095		6,860	1985	2000
094 Portland, OR		—		100		1,925		3,152		100		5,077		5,177		4,255	2007	1997
254 Red Oak, TX		—		1,427		17,173		540		1,427		17,713		19,140		6,095	2002	2012
197 Ripley, TN		—		20		985		1,638		20		2,623		2,643		1,544	2014	2000
324 San Antonio, TX		—		1,676		15,470		307		1,676		15,777		17,453		753	2018	2022
281 Slinger, WI		—		464		13,482		—		464		13,482		13,946		4,360	2014	2015
234 St. Petersburg, FL		—		1,070		7,930		500		1,070		8,430		9,500		3,094	1988	2010
243 Stephenville, TX		—		670		10,117		774		670		10,891		11,561		4,119	2009	2010
178 Tappahannock, VA		—		375		1,327		397		375		1,724		2,099		1,589	1978	1995

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, 2023
					Building and		to				Building and				Accum		Construction/	Acquisition
	Encumbrances		Land		improvements		acquisition		Land		improvements		Total (1)		deprec.		renovation date	date
270 Trinity, FL	$	—	$	1,653	$	12,748	$	—	$	1,653	$	12,748	$	14,401	$	4,177	2008	2013
192 Tucson, AZ		—		276		8,924		112		276		9,036		9,312		6,323	1992	2000
305 Union, KY		—		858		24,116		—		858		24,116		24,974		4,274	2019	2016
299 Weatherford, TX		—		836		11,902		610		836		12,512		13,348		4,463	1996	2015
323 Webster, TX		—		2,310		8,713		206		2,310		8,919		11,229		476	2018	2022
236 Wytheville, VA		—		647		12,167		—		647		12,167		12,814		5,611	1996	2010
Skilled Nursing Properties	$	—	$	53,212	$	505,938	$	37,668	$	53,212	$	543,606	$	596,818	$	192,217
Assisted Living Properties:
105 Arvada, CO		—		100		2,810		7,103		100		9,913		10,013		4,292	2014	1997
304 Athens, GA		—		1,056		13,326		175		1,056		13,501		14,557		2,807	2016	2016
063 Athens, TX		—		96		1,124		137		96		1,261		1,357		1,168	1995	1996
320 Auburn Hills, MI		—		1,964		4,577		1,151		1,964		5,728		7,692		1,428	1995	2019
269 Aurora, CO		—		850		8,583		114		850		8,697		9,547		2,789	2014	2013
260 Aurora, CO		—		831		10,071		327		831		10,398		11,229		3,130	1999	2012
277 Burr Ridge, IL		—		1,400		11,102		175		1,400		11,277		12,677		3,051	2016	2014
278 Castle Rock, CO		—		759		5,091		2		759		5,093		5,852		1,699	2012	2014
311 Cedarburg, WI		—		924		21,083		—		924		21,083		22,007		3,616	2019	2017
330 Centerville, OH		—		2,678		52,036		3		2,678		52,039		54,717		1,268	2019	2023
263 Chatham, NJ		—		5,365		36,399		587		5,365		36,986		42,351		11,044	2002	2012
307 Clovis, CA		—		2,542		19,126		—		2,542		19,126		21,668		3,572	2014	2017
308 Clovis, CA		—		3,054		14,172		—		3,054		14,172		17,226		2,545	2016	2017
279 Corpus Christi, TX		—		880		11,440		339		880		11,779		12,659		3,064	2016	2015
292 De Forest, WI		—		485		5,568		47		485		5,615		6,100		1,327	2006	2015
057 Dodge City, KS		—		84		1,666		36		84		1,702		1,786		1,199	1995	1995
083 Durant, OK		—		100		1,769		162		100		1,931		2,031		1,225	1997	1997
107 Edmond, OK		—		100		1,365		684		100		2,049		2,149		1,285	1996	1997
163 Ft. Collins, CO		—		100		2,961		3,705		100		6,666		6,766		3,378	2014	1999
170 Ft. Collins, CO		—		100		3,400		4,954		100		8,354		8,454		3,980	2014	1999
315 Ft. Worth, TX		—		1,534		11,099		98		1,534		11,197		12,731		1,745	2014	2018
100 Fremont ,OH		—		100		2,435		286		100		2,721		2,821		1,743	1997	1997
266 Frisco, TX		—		1,000		5,154		—		1,000		5,154		6,154		1,826	2014	2012
314 Frisco, TX		—		2,216		10,417		185		2,216		10,602		12,818		1,676	2015	2018
296 Glenview, IL		—		2,800		14,248		13		2,800		14,261		17,061		3,173	2017	2015
167 Goldsboro, NC		—		100		2,385		173		100		2,558		2,658		1,284	1998	1999
056 Great Bend, KS		—		80		1,570		73		80		1,643		1,723		1,285	1995	1995
102 Greeley, CO		—		100		2,310		646		100		2,956		3,056		1,785	1997	1997
284 Green Bay, WI		—		1,660		19,079		475		1,660		19,554		21,214		5,022	2004	2015
286 Greenfield, WI		—		818		8,014		232		818		8,246		9,064		1,980	2007	2015
164 Greenville, NC		—		100		2,478		203		100		2,681		2,781		1,503	1998	1999
062 Greenville, TX		—		42		1,196		126		42		1,322		1,364		1,183	1995	1996
295 Jacksonville, FL		—		1,389		5,235		1,056		1,389		6,291		7,680		3,068	2015	2015
066 Jacksonville, TX		—		100		1,433		107		100		1,540		1,640		1,412	1996	1996
310 Kansas City, MO		—		1,072		15,552		—		1,072		15,552		16,624		2,481	2017	2017
285 Kenosha, WI		—		936		12,361		498		936		12,859		13,795		2,981	2008	2015
255 Littleton, CO		—		1,882		8,248		101		1,882		8,349		10,231		2,406	2013	2012
268 Littleton, CO		—		1,200		8,688		106		1,200		8,794		9,994		2,897	2014	2013
148 Longmont, CO		—		100		2,640		99		100		2,739		2,839		1,720	1998	1998
060 Longview, TX		—		38		1,208		156		38		1,364		1,402		1,227	1995	1995
261 Louisville, CO		—		911		11,703		390		911		12,093		13,004		3,596	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, 2023
						Building and	to				Building and				Accum		Construction/	Acquisition
	Encumbrances		Land			improvements	acquisition		Land		improvements		Total (1)		deprec.		renovation date	date
114 Loveland, CO	$	—	$	100	$	2,865	$	360	$	100	$	3,225	$	3,325	$	2,081	1997	1997
068 Lufkin, TX		—		100		1,453		147		100		1,600		1,700		1,456	1996	1996
061 Marshall, TX		—		38		1,141		566		38		1,707		1,745		1,536	1995	1995
293 McHenry, IL		—		1,289		28,976		1,181		1,289		30,157		31,446		7,059	2005	2015
058 McPherson, KS		—		79		1,571		97		79		1,668		1,747		1,283	1994	1995
313 Medford, OR				636		17,816		—		636		17,816		18,452		2,441	2020	2018
316 Medford, OR		—		750		13,650		250		750		13,900		14,650		2,318	2005	2018
280 Murrells Inlet, SC		—		2,490		14,185		195		2,490		14,380		16,870		3,734	2016	2015
294 Murrieta, CA		—		2,022		11,136		33		2,022		11,169		13,191		2,905	2016	2015
289 Neenah, WI		—		694		20,839		251		694		21,090		21,784		4,857	1991	2015
166 New Bern, NC		—		100		2,427		181		100		2,608		2,708		1,318	1998	1999
118 Newark, OH		—		100		2,435		458		100		2,893		2,993		1,804	1997	1997
306 Oak Lawn, IL		—		1,591		13,772		64		1,591		13,836		15,427		2,759	2018	2016
302 Overland Park, KS		—		1,951		11,882		390		1,951		12,272		14,223		2,868	2013	2016
165 Rocky Mount, NC		—		100		2,494		380		100		2,874		2,974		1,458	1998	1999
059 Salina, KS		—		79		1,571		332		79		1,903		1,982		1,333	1994	1995
084 San Antonio, TX		—		100		1,900		66		100		1,966		2,066		1,293	1997	1997
092 San Antonio, TX		—		100		2,055		585		100		2,640		2,740		1,540	1997	1997
288 Sheboygan, WI		—		1,168		5,382		379		1,168		5,761		6,929		1,561	2006	2015
149 Shelby, NC		—		100		2,805		312		100		3,117		3,217		1,890	1998	1998
312 Spartanburg, SC		—		254		9,906		1,520		254		11,426		11,680		3,205	1999	2017
103 Springfield, OH		—		100		2,035		389		100		2,424		2,524		1,560	1997	1997
321 Sterling Heights, MI		—		1,133		11,487		1,133		1,133		12,620		13,753		2,208	1997	2019
098 Tiffin, OH		—		100		2,435		439		100		2,874		2,974		1,769	1997	1997
282 Tinley Park, IL		—		702		11,481		102		702		11,583		12,285		2,912	2016	2015
088 Troy, OH		—		100		2,435		877		100		3,312		3,412		2,076	1997	1997
080 Tulsa, OK		—		200		1,650		156		200		1,806		2,006		1,159	1997	1997
093 Tulsa, OK		—		100		2,395		47		100		2,442		2,542		1,617	1997	1997
075 Tyler, TX		—		100		1,800		469		100		2,269		2,369		1,291	1996	1996
091 Waco, TX		—		100		2,235		777		100		3,012		3,112		1,713	2021	1997
108 Watauga, TX		—		100		1,668		43		100		1,711		1,811		1,122	1996	1997
109 Weatherford, OK		—		100		1,669		703		100		2,372		2,472		1,522	1996	1997
309 West Chester, OH		—		2,355		13,553		253		2,355		13,806		16,161		2,674	2017	2017
276 Westminster, CO		—		1,425		9,575		111		1,425		9,686		11,111		2,928	2015	2013
110 Wheelersburg, OH		—		29		2,435		381		29		2,816		2,845		1,819	1997	1997
303 Wichita, KS		—		1,422		9,957		332		1,422		10,289		11,711		2,484	2011	2016
259 Wichita, KS		—		730		—		9,682		730		9,682		10,412		3,125	2013	2012
283 Wichita, KS		—		624		13,946		—		624		13,946		14,570		2,695	2016	2015
076 Wichita Falls, TX		—		100		1,850		147		100		1,997		2,097		1,297	1996	1996
120 Wichita Falls, TX		—		100		1,990		203		100		2,193		2,293		1,921	1997	1997
264 Williamstown, NJ		—		711		6,637		—		711		6,637		7,348		2,142	2000	2012
265 Williamstown, NJ		—		711		8,649		—		711		8,649		9,360		2,625	2000	2012
Assisted Living Properties	$	—	$	66,529	$	655,265	$	48,715	$	66,529	$	703,980	$	770,509	$	197,218

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, 2023
					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		1,789		1,965		9,097		11,062			1,932	1990/1994	2015
Properties		—		1,965		7,308		1,789		1,965		9,097		11,062			1,932
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		1,789		2,908		9,097		12,005			1,932
	$	—	$	122,649	$	1,168,511	$	88,172	$	122,649	$	1,256,683	$	1,379,332	(2)	$	391,367

(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, 2023, our aggregate cost for Federal income tax purposes was $1,392,420 (unaudited).

LTC PROPERTIES, INC.

SCHEDULE III

REAL ESTATE AND ACCUMULATED DEPRECIATION (Continued)

(in thousands)

Activity for the years ended December 31, 2023, 2022 and 2021 is as follows:

	For the Year Ended December 31,
	2023		2022		2021
Reconciliation of real estate:
Carrying cost:
Balance at beginning of period	$	1,410,705	$	1,408,557	$	1,452,001
Acquisitions		54,714		51,817		—
Improvements		9,686		9,099		6,298
Capitalized interest		—		—		—
Cost of real estate sold		(79,998)		(55,346)		(49,742)
Impairment loss from real estate investments		(15,775)		(3,422)		—
Ending balance	$	1,379,332	$	1,410,705	$	1,408,557
Accumulated depreciation:
Balance at beginning of period	$	391,487	$	374,606	$	349,643
Depreciation expense		37,303		37,394		38,192
Cost of real estate sold		(37,423)		(20,513)		(13,229)
Ending balance	$	391,367	$	391,487	$	374,606