Invesque Ord Shs T.IVQ

Alternate Symbol(s): MHIVF | T.IVQ.DB.U | T.IVQ.DB.V

Invesque Inc. is a health care real estate company. The Company owns a portfolio of North American properties across the health care spectrum. The Company invests in a portfolio of predominantly privately paid senior housing communities. The Company's portfolio includes investments primarily in independent living, assisted living, and memory care, which are operated under long-term leases and joint venture arrangements with industry operating partners. The Company's portfolio also includes investments in owner-occupied seniors housing properties in which the Company owns the real estate, the licensed operations, and provides management services through Commonwealth Senior Living, LLC. It owns a portfolio of over 56 properties in the United States, comprised of 53 assisted living and memory care facilities and three skilled nursing facilities. In Canada, the Company owns an interest in four seniors housing assets.

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Invesque Ord Shs

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Post by Betteryear2on Nov 16, 2021 6:36pm

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Post# 34134135

US$93 Million Sale of Five Property Portfolio

TORONTO, Nov. 16, 2021 /CNW/ - Invesque Inc. (the "Corporation" or "Invesque") (TSX: IVQ)(TSX: IVQ.U) announced today that it has sold a five-property portfolio to The Ensign Group ("Ensign"), for a total sale price of US$93.0 million (the "Transaction"). The Transaction included a four-property skilled nursing portfolio with 436 beds operated by Ensign and a 144-bed assisted living community operated by The Pennant Group ("Pennant") (collectively, the "Portfolio"). The Portfolio is located in California, Kansas, and Arizona, and the properties were previously subject to long term triple-net leases.

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