LTC, Affinity Acquire 87-Unit Community in South Carolina for $10M

SPARTANBURG, S.C. — LTC Properties Inc. (NYSE: LTC) and an affiliate of Affinity Living Group have acquired The Inverness at Spartanburg, an 87-unit assisted living and memory care community in Spartanburg, for $10 million.

An affiliate of Affinity Living Group will operate the property under a triple-net lease. Affinity, which operates 92 assisted living, memory care and independent living facilities in eight states, is a new operating partner for LTC.

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