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Capital Offering Profile

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 (NYSE - LTC)  
Company NameLTC Properties, Inc.
Offering TypeFollow-On
DescriptionCommon Stock
ISINUS5021751020
Currency of IssueUSD
Trading Symbol (Exchange)LTC (NYSE)

Announcement Date3/21/2011
Trade Date3/22/2011
Settlement Date3/28/2011
Completion Date3/22/2011
Overallotment Expiration4/27/2011
Lock-up Expiration5/6/2011
Date Overallotment Exercised5/6/2011
Shelf Filing Date6/10/2010

144a?No
Mandatory Redemption?No
Convertible?No
Exchange for Existing Issue?No

Use of Proceeds
The net proceeds from the offering will be used for the redemption of the company's series F preferred stock and the remaining net proceeds will be used to pay down amounts outstanding under unsecured line of credit, to fund acquisitions and for general corporate purposes.

UnderwritersShares
Underwritten
Amount
Underwritten
($000)
Book Manager(s)
  KeyBanc Capital Markets Inc.875,00023,844
  RBC Capital Markets, LLC875,00023,844
  Wells Fargo Securities, LLC875,00023,844
  BMO Capital Markets Corp.700,00019,075
Co-Manager(s)
  CSCA Capital Advisors, LLC58,3341,590
  J.J.B. Hilliard, W.L. Lyons, LLC58,3331,589
  JMP Securities LLC58,3331,589

Pricing
Offer Price ($)27.25
Gross Amount Offered ($000)95,375
Amount Including Overallotment ($000)108,728
Shares Offered3,500,000
Total Shares Offered3,990,000
Original Shelf Value ($000)398,942

Professionals
Issuer's CounselReed Smith LLP
Underwriter's CounselGoodwin Procter, LLP
Auditor(s)Ernst & Young LLP
Clearing House(s)Depository Trust Company


Underwriting Fees
Gross Spread ($)1.23
Gross Spread (%)4.50
Sales Concession ($)0.73

Overallotments
Overallotment Amount Available ($000)14,306
Overallotment Shares Available525,000
Overallotment Amount Exercised ($000)13,353
Overallotment Shares Exercised490,000

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