QuickLinks -- Click here to rapidly navigate through this document
EXHIBIT 21.1
LTC PROPERTIES, INC.
LIST OF SUBSIDIARIES
As of December 31, 2004
| Company | State of Organization | |
|---|---|---|
| Bakersfield-LTC, Inc. | Delaware | |
| 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-Richmond, Inc. | Nevada | |
| LTC-Tampa, Inc. | Nevada | |
| L-Tex GP, Inc. | Delaware | |
| L-Tex L.P. Corporation | Delaware | |
| Missouri River Corporation | Delaware | |
| North Carolina Real Estate Investments, LLC | North Carolina | |
| Park Villa Corporation | Delaware | |
| Texas-LTC Limited Partnership | Texas | |
| Texas-LTC Woodridge Limited Partnership | Delaware | |
| University Park Convalescent Center, Inc. | Florida | |
| Vacaville-LTC, Inc. | Delaware | |
| Virginia-LTC, Inc. | Nevada |
LTC PROPERTIES, INC. LIST OF SUBSIDIARIES As of December 31, 2004