LTC Adds to Management Team

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--

LTC Properties, Inc. LTC, a real estate investment trust that primarily invests in seniors housing and health care properties, today announced that it has added to its management team.

Doug Korey joins LTC as Senior Vice President of Business Development, a newly created position. Korey brings 25 years of experience in the seniors housing and care industry, most recently as President of Lancaster Pollard Finance Co., a specialty finance company. He is a member of the board of directors of the National Investment Center for Seniors Housing & Care (NIC) and holds a master's degree in real estate finance and investment from New York University.

Mandi Hogan has been named LTC's Director of Marketing, succeeding Mark Hemingway, Vice President of Marketing, who is retiring as a full time employee effective February 29, 2016, but will remain with LTC on a part time basis after that time. Hogan joins LTC with more than 20 years of marketing experience, most recently as National Director, Marketing, with National Health Investors (NHI). She holds a bachelor's degree in business administration from the University of Colorado, Boulder.

"We are excited to welcome Doug and Mandi to LTC. Their knowledge and experience will serve us well, as we continue to diversify our portfolio and position the Company for continued growth," said Wendy L. Simpson, LTC's CEO and President. "We are also pleased that Mark has agreed to remain with LTC on a part time basis so that we can continue to draw on his expertise and excellent reputation in the industry."

About LTC Properties

LTC is a self-administered real estate investment trust that primarily invests in seniors housing and health care properties through triple-net lease transactions, mortgage loans and other investments. For more information about LTC, visit the Company's website at www.LTCreit.com.

Forward Looking Statements

This press release includes statements that are not purely historical and are "forward looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding the Company's expectations, beliefs, intentions or strategies regarding the future. All statements other than historical facts contained in this press release are forward looking statements. These forward looking statements, include, but are not limited to, LTC's ability to diversify its portfolio and position the Company for continued growth. Please see the most recent Annual Report on Form 10-K, the subsequent Quarterly Reports on Form 10-Q, and other publicly available filings with the Securities and Exchange Commission for a discussion of these and other risks and uncertainties. All forward looking statements included in this press release are based on information available to the Company on the date hereof, and the Company assumes no obligation to update such forward looking statements. Although the Company's management believes that the assumptions and expectations reflected in such forward looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. The actual results achieved by the Company may differ materially from any forward looking statements due to the risks and uncertainties of such statements.

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