LIST OF SUBSIDIARIES

Published on February 14, 1997



LTC PROPERTIES, INC.

EXHIBIT 21.1

LIST OF SUBSIDIARIES





COMPANY STATE OF INCORPORATION
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LTC REMIC Corporation Delaware
LTC GP I, Inc. Delaware
LTC GP II, Inc. Delaware
LTC GP III, Inc. Delaware
LTC GP IV, Inc. Delaware
Coronado Corporation Delaware
LTC Partners I, L.P. Delaware
LTC Partners II, L.P. Delaware
LTC Partners III, L.P. Delaware
LTC Partners IV, L.P. Delaware
LTC Partners V, L.P. Delaware
LTC Partners VI, L.P. Delaware
LTC Partners VII, L.P. Delaware
L-Tex GP, Inc. Delaware
L-Tex LP Corporation Delaware
Texas-LTC Limited Partnership Texas
Missouri River Corporation Delaware
Park Villa Corporation Delaware
Kansas-LTC Corporation Delaware