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LTC Properties buys Kansas City, Mo., nursing center for $20M

LTC Properties Inc. purchased a 90-bed post-acute skilled nursing center in Kansas City, Mo., for $19.5 million.

The healthcare real estate investment trust also purchased a land parcel in Independence, Mo., to develop a 90-bed post-acute skilled nursing center for $17.4 million. Completion is slated for the fall of 2020.

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Ignite Medical Resorts, Kansas City, Mo.
Source: LTC Properties Inc.

Ignite Medical Resorts will operate the facilities.