<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/ownership" xmlns:com="http://www.sec.gov/edgar/common">
  <headerData>
    <submissionType>144</submissionType>
    <filerInfo>
      <filer>
        <filerCredentials>
          <cik>0001198423</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <liveTestFlag>LIVE</liveTestFlag>



    </filerInfo>
  </headerData>
  <formData>
    <issuerInfo>
      <issuerCik>0000887905</issuerCik>
      <issuerName>LTC PROPERTIES INC</issuerName>
      <secFileNumber>001-11314</secFileNumber>
      <issuerAddress>
        <com:street1>2829 TOWNSGATE ROAD</com:street1>
        <com:street2>SUITE 350</com:street2>
        <com:city>WESTLAKE VILLAGE</com:city>
        <com:stateOrCountry>CA</com:stateOrCountry>
        <com:zipCode>91361</com:zipCode>
      </issuerAddress>
      <issuerContactPhone>805-981-8655</issuerContactPhone>
      <nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>SHELLEY-KESSLER PAMELA</nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>
      <relationshipsToIssuer>
        <relationshipToIssuer>Officer</relationshipToIssuer>
      </relationshipsToIssuer>
    </issuerInfo>
    <securitiesInformation>
      <securitiesClassTitle>Common</securitiesClassTitle>
      <brokerOrMarketmakerDetails>
        <name>Charles Schwab Corporation</name>
        <address>
          <com:street1>3000 Schwab Way</com:street1>
          <com:city>Westlake</com:city>
          <com:stateOrCountry>TX</com:stateOrCountry>
          <com:zipCode>76262</com:zipCode>
        </address>
      </brokerOrMarketmakerDetails>
      <noOfUnitsSold>15500</noOfUnitsSold>
      <aggregateMarketValue>492900.00</aggregateMarketValue>
      <noOfUnitsOutstanding>41411693</noOfUnitsOutstanding>
      <approxSaleDate>11/13/2023</approxSaleDate>
      <securitiesExchangeName>NYSE</securitiesExchangeName>
    </securitiesInformation>
    <securitiesToBeSold>
      <securitiesClassTitle>Common</securitiesClassTitle>
      <acquiredDate>02/03/2005</acquiredDate>
      <natureOfAcquisitionTransaction>Restricted Stock Award</natureOfAcquisitionTransaction>
      <nameOfPersonfromWhomAcquired>LTC Properties , Inc.</nameOfPersonfromWhomAcquired>
      <isGiftTransaction>N</isGiftTransaction>
      <amountOfSecuritiesAcquired>3394</amountOfSecuritiesAcquired>
      <paymentDate>02/03/2005</paymentDate>
      <natureOfPayment>Equity Compensaton</natureOfPayment>
    </securitiesToBeSold>
    <securitiesToBeSold>
      <securitiesClassTitle>Common</securitiesClassTitle>
      <acquiredDate>02/27/2010</acquiredDate>
      <natureOfAcquisitionTransaction>Restricted Stock Award</natureOfAcquisitionTransaction>
      <nameOfPersonfromWhomAcquired>LTC Properties , Inc.</nameOfPersonfromWhomAcquired>
      <isGiftTransaction>N</isGiftTransaction>
      <amountOfSecuritiesAcquired>1876</amountOfSecuritiesAcquired>
      <paymentDate>02/27/2010</paymentDate>
      <natureOfPayment>Equity Compensation</natureOfPayment>
    </securitiesToBeSold>
    <securitiesToBeSold>
      <securitiesClassTitle>Common</securitiesClassTitle>
      <acquiredDate>03/01/2013</acquiredDate>
      <natureOfAcquisitionTransaction>Restricted Stock Award</natureOfAcquisitionTransaction>
      <nameOfPersonfromWhomAcquired>LTC Properties , Inc.</nameOfPersonfromWhomAcquired>
      <isGiftTransaction>N</isGiftTransaction>
      <amountOfSecuritiesAcquired>752</amountOfSecuritiesAcquired>
      <paymentDate>03/01/2013</paymentDate>
      <natureOfPayment>Equity Compensation</natureOfPayment>
    </securitiesToBeSold>
    <securitiesToBeSold>
      <securitiesClassTitle>Common</securitiesClassTitle>
      <acquiredDate>12/20/2015</acquiredDate>
      <natureOfAcquisitionTransaction>Restricted Stock Award</natureOfAcquisitionTransaction>
      <nameOfPersonfromWhomAcquired>LTC Properties , Inc.</nameOfPersonfromWhomAcquired>
      <isGiftTransaction>N</isGiftTransaction>
      <amountOfSecuritiesAcquired>4475</amountOfSecuritiesAcquired>
      <paymentDate>12/20/2015</paymentDate>
      <natureOfPayment>Equity Compensation</natureOfPayment>
    </securitiesToBeSold>
    <securitiesToBeSold>
      <securitiesClassTitle>Common</securitiesClassTitle>
      <acquiredDate>01/10/2016</acquiredDate>
      <natureOfAcquisitionTransaction>Rstricted Stock Award</natureOfAcquisitionTransaction>
      <nameOfPersonfromWhomAcquired>LTC Properties , Inc.</nameOfPersonfromWhomAcquired>
      <isGiftTransaction>N</isGiftTransaction>
      <amountOfSecuritiesAcquired>2580</amountOfSecuritiesAcquired>
      <paymentDate>01/10/2016</paymentDate>
      <natureOfPayment>Equity Compensaton</natureOfPayment>
    </securitiesToBeSold>
    <securitiesToBeSold>
      <securitiesClassTitle>Common</securitiesClassTitle>
      <acquiredDate>02/10/2018</acquiredDate>
      <natureOfAcquisitionTransaction>Restricted Stock Award</natureOfAcquisitionTransaction>
      <nameOfPersonfromWhomAcquired>LTC Properties , Inc.</nameOfPersonfromWhomAcquired>
      <isGiftTransaction>N</isGiftTransaction>
      <amountOfSecuritiesAcquired>2423</amountOfSecuritiesAcquired>
      <paymentDate>02/10/2018</paymentDate>
      <natureOfPayment>Equity Compensation</natureOfPayment>
    </securitiesToBeSold>
    <nothingToReportFlagOnSecuritiesSoldInPast3Months>Y</nothingToReportFlagOnSecuritiesSoldInPast3Months>
    <remarks>Being sold out of: S KESSLER &amp; P SHELLEY-KESSLER THE KESSLER FAMILY TRUST DTD 0
U/A DTD 08/15/2019</remarks>
    <noticeSignature>
      <noticeDate>11/13/2023</noticeDate>
      <signature>PAMELA SHELLEY-KESSLER</signature>
    </noticeSignature>
  </formData>
</edgarSubmission>
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144
0001198423
XXXXXXXX
LIVE
0000887905
LTC PROPERTIES INC
001-11314
2829 TOWNSGATE ROAD
SUITE 350
WESTLAKE VILLAGE
CA
91361
805-981-8655
SHELLEY-KESSLER PAMELA
Officer
Common
Charles Schwab Corporation
3000 Schwab Way
Westlake
TX
76262
15500
492900.00
41411693
11/13/2023
NYSE
Common
02/03/2005
Restricted Stock Award
LTC Properties , Inc.
N
3394
02/03/2005
Equity Compensaton
Common
02/27/2010
Restricted Stock Award
LTC Properties , Inc.
N
1876
02/27/2010
Equity Compensation
Common
03/01/2013
Restricted Stock Award
LTC Properties , Inc.
N
752
03/01/2013
Equity Compensation
Common
12/20/2015
Restricted Stock Award
LTC Properties , Inc.
N
4475
12/20/2015
Equity Compensation
Common
01/10/2016
Rstricted Stock Award
LTC Properties , Inc.
N
2580
01/10/2016
Equity Compensaton
Common
02/10/2018
Restricted Stock Award
LTC Properties , Inc.
N
2423
02/10/2018
Equity Compensation
Y
Being sold out of: S KESSLER & P SHELLEY-KESSLER THE KESSLER FAMILY TRUST DTD 0
U/A DTD 08/15/2019
11/13/2023
PAMELA SHELLEY-KESSLER