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.

TSX:IVQ - Post by User

Invesque Ord Shs > Quarterly Update…IVQ Completes Sale of 5 Nursing Homes

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Comment by nozzpackon Mar 17, 2024 5:38pm

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Post# 35937464

RE:RE:Quarterly Update…IVQ Completes Sale of 5 Nursing Homes

They paid down $176 million US in credit debt in 2023 and another $72 million in Q1 of 2024 which is close to $250 million US combined.

If they sell those 4 remaining nursing units this year , that's another. $40 million US paid down.
This will result in considerable savings in interest costs in 2024 and beyond.

Net asset value is close to $4 per share .

Why not liquidate all remaining assets and distribute net cash proceeds to shareholders ..

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