EXHIBIT 23.1
Consent of Independent Auditors
We consent to the reference to our firm under the caption “Experts” in the Registration Statement Form S-3 and related Prospectus of LTC Properties, Inc. for the registration of 3,450,000 shares of Series E Cumulative Preferred Stock and to the incorporation by reference therein of our report dated January 24, 2003, with respect to the consolidated financial statements and schedules of LTC Properties, Inc. included in its Annual Report (Form 10-K) for the year ended December 31, 2002, filed with the Securities and Exchange Commission.
/s/ Ernst & Young LLP
Los Angeles, California
June 26, 2003