Invesque Ord Shs T.IVQ

The Newly constructed seniors housing in Parker Colarodo

[Predator2018]

QUite interesting that they were able to complete this brand new $35 Million USD housing project. 


On October 27, the Company received confirmation that final licensure 

      approval was granted for a newly constructed seniors housing community in 

      Parker, Colorado. The property consists of 102 units of assisted living 

      and memory care and will be part of a joint venture between the Company 

      and Health Dimensions Group ("HDG"). HDG will manage day-to-day 

      operations of the community.

[2young2invest]

That's also confuse me, on one side their can hardly manage their debt, on the other side, their buy and construct new buldings.

[pennydredful]

343137  per   unit   seems  pretty  steep  . 

[Predator2018]

Before any bank would finance such a mortgage, independent appraisal MUST be done and the Loan to Value Ration is typically below 80%.

[2young2invest]

Well, it wasn't as expensive for Invesque: The Company contributed land valued at $2,600 and $3,002 of cash to the joint venture in exchange for a 73.6% ownership interest.

[Predator2018]

Where is the source of this information? Also are these numbers in thousands oas it makes no sense?

[2young2invest]

In thousands, of course. The info is from IVQ 2022 Annual Report.