LTC Properties Acquires Boulder Ponds Senior Living From Trident Development For $47.1M

The property asset involved in the transaction is Boulder Ponds Senior Living located at 192 Jade Trail North in Lake Elmo, MN. The senior housing facility consists of 95 units and was constructed in 2020. It was sold for a total of $47.1 million, which reflects a per-unit price of $496,052, marking a notable achievement in Minnesota's senior housing market.

Summary of transaction details:

• Property Type: Senior Housing
• Transaction Amount: $47,100,000
• Units: 95
• Per Unit Price: $496,052
• Buyer: LTC Properties
• Seller: Trident Development
• Broker: JLL
• Sale Date: 08/13/2026
• Market: Lake Elmo, MN

This transaction highlights the involvement of JLL, which played a key role in arranging the sale of the two-property portfolio, which totaled $95.2 million. The deal positioned LTC Properties as a significant player in the senior housing sector in Minnesota, executed through their acquisition from Trident Development.