**EXHIBIT21.1**

**LTCPROPERTIES, INC.**

**LIST OFSUBSIDIARIES**

**As of December 31, 2006**
|                                              | ** ** | ** **                |
|----------------------------------------------|------------|---------------------------|
| Company                                      | ** ** | **State of Organization** |
|                                         |       |                      |
| Albuquerque Real  Estate Investments, Inc.   |       | Delaware                  |
| Bakersfield-LTC, Inc.                        |       | Delaware                  |
| Beaumont Real Estate Investments, LP         |       | Texas                     |
| BV Holding-LTC, Inc.                         |       | Delaware                  |
| Coronado Corporation                         |       | Delaware                  |
| East New Mexico, Inc.                        |       | Delaware                  |
| Education Property Investors, Inc.           |       | Nevada                    |
| Florida-LTC, Inc.                            |       | Nevada                    |
| Kansas-LTC 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                  |
| LTC GP VI, Inc.                              |       | Delaware                  |
| LTC Partners IX, L.P.                        |       | Delaware                  |
| LTC REMIC Corporation                        |       | Delaware                  |
| LTC REMIC IV Corporation                     |       | Delaware                  |
| LTC West, Inc.                               |       | Nevada                    |
| LTC-BBCO, Inc.                               |       | Delaware                  |
| LTC-Dearfield, Inc.                          |       | Nevada                    |
| LTC-DS, Inc.                                 |       | Delaware                  |
| LTC-Fort Valley, Inc.                        |       | Delaware                  |
| LTC-Gardner, Inc.                            |       | Delaware                  |
| LTC-Griffin, Inc.                            |       | Nevada                    |
| LTC-Jessup, Inc.                             |       | Delaware                  |
| LTC-Jonesboro, Inc.                          |       | Nevada                    |
| LTC-K1 Inc.                                  |       | Delaware                  |
| LTC-K2 Limited Partnership                   |       | Delaware                  |
| LTC-K2 LP, Inc.                              |       | Delaware                  |
| LTC-K2, Inc.                                 |       | Delaware                  |
| LTC-Lake Forest, Inc.                        |       | Delaware                  |
| LTC-New Mexico, Inc.                         |       | Nevada                    |
| LTC-Ohio, Inc.                               |       | Delaware                  |
| LTC-Oklahoma, Inc.                           |       | Delaware                  |
| LTC-Richmond, Inc.                           |       | Nevada                    |
| L-Tex GP, Inc.                               |       | Delaware                  |
| L-Tex L.P. Corporation                       |       | Delaware                  |
| Missouri River Corporation                   |       | Delaware                  |
| New Mexico Real Estate  Investments, Inc.    |       | Delaware                  |
| North Carolina  Real Estate Investments, LLC |       | North Carolina            |
| Park Villa Corporation                       |       | Delaware                  |
| Skilled Healthcare Holdings, Inc.            |       | Delaware                  |
| Texas-LTC Limited Partnership                |       | Texas                     |
| Texas-LTC  Woodridge Limited Partnership     |       | Delaware                  |
| Vacaville-LTC, Inc.                          |       | Delaware                  |
| Virginia-LTC, Inc.                           |       | Nevada                    |

 

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