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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Investments:    
Land $ 127,774 $ 126,703
Buildings and improvements 1,310,403 1,295,899
Accumulated depreciation and amortization (320,332) (312,642)
Operating real estate property, net 1,117,845 1,109,960
Properties held-for-sale, net of accumulated depreciation: 2020-$0; 2019-$35,113   26,856
Real property investments, net 1,117,845 1,136,816
Mortgage loans receivable, net of loan loss reserve: 2020-$2,563; 2019-$2,560 254,396 254,099
Real estate investments, net 1,372,241 1,390,915
Notes receivable, net of loan loss reserve: 2020-$180; 2019-$181 17,769 17,927
Investments in unconsolidated joint ventures 19,061 19,003
Investments, net 1,409,071 1,427,845
Other assets:    
Cash and cash equivalents 30,888 4,244
Debt issue costs related to bank borrowings 1,948 2,164
Interest receivable 28,097 26,586
Straight-line rent receivable 46,541 45,703
Lease incentives 2,764 2,552
Prepaid expenses and other assets 5,476 5,115
Total assets 1,524,785 1,514,209
LIABILITIES    
Bank borrowings 89,900 93,900
Senior unsecured notes, net of debt issue costs: 2020-$773; 2019-$812 599,527 599,488
Accrued interest 3,503 4,983
Accrued expenses and other liabilities 25,800 30,412
Total liabilities 718,730 728,783
Stockholders' equity:    
Common stock: $0.01 par value; 60,000 shares authorized; shares issued and outstanding: 2020-39,218; 2019-39,752 392 398
Capital in excess of par value 847,572 867,346
Cumulative net income 1,357,115 1,293,482
Cumulative distributions (1,407,450) (1,384,283)
Total LTC Properties, Inc. stockholders' equity 797,629 776,943
Non-controlling interests 8,426 8,483
Total equity 806,055 785,426
Total liabilities and equity $ 1,524,785 $ 1,514,209