Form: 10-K405

Annual report [Sections 13 and 15(d), S-K Item 405]

March 20, 2002

CONSENT OF ERNST & YOUNG

Published on March 20, 2002


LTC PROPERTIES, INC.

EXHIBIT 23.1

CONSENT OF INDEPENDENT AUDITORS

We consent to the incorporation by reference in the Registration Statement (Form
S-3 No. 333-2444) and in the Registration Statement (Form S-8 No. 33-85252) of
LTC Properties, Inc. of our report dated January 25, 2002 with respect to the
consolidated financial statements and schedules of LTC Properties, Inc.,
included in its Annual Report (Form 10-K) for the year ended December 31, 2001.


/s/ ERNST & YOUNG LLP


Los Angeles, California
March 8, 2002