EXHIBIT 21.1

Published on March 25, 1998



LTC PROPERTIES, INC.

EXHIBIT 21.1

LIST OF SUBSIDIARIES





COMPANY STATE OF ORGANIZATION
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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
LTC GP V, 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
LTC Partners VIII, 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