In the Pipeline is part of your SHN+ subscription In the Pipeline is brought to you by the Senior Housing News Architecture & Design Awards, an annual competition that recognizes cutting-edge design, excellence, and innovation in senior living. Construction: Planned LCS Development to lead $90M expansion in North Carolina LCS Development, a Life Care Services […]
Invesque
Financings MassDevelopment Issues $129M Bond For Middle-Market Community MassDevelopment announced it issued a $129 million tax-exempt bond on behalf of 2Life Opus Newton for the development of a senior living community aimed at serving the middle market. The community – run by 2Life Opus, an affiliate of 2 Life Communities – will be a 174-unit […]
As Commonwealth Senior Living CEO Earl Parker looks ahead to the future, he is not worried about occupancy or demand. With the company’s average occupancy back at pre-pandemic levels, Parker believes “that we will get back to those numbers and exceed them, frankly.” “We have a product that people want and need, and more people […]
Leaders with real estate investment firm Invesque (TSE: IVQ.U) hope to continue positive momentum into the end of the year as they continue to optimize the company’s senior housing portfolio in favor of senior living communities. The Carmel, Indiana-based REIT in the second quarter of 2022 continued its pivot to private-pay senior living communities. Year […]
Real estate investment firm Invesque (TSE: IVQ.U) is poised to continue pruning its portfolio this year and beyond. The Carmel, Indiana-based REIT has spent the last 10 months selling $300 million in assets, with the proceeds of the transactions being used to reduce leverage and shore up the company’s balance sheet as it manages its […]
With the need for innovation gaining urgency, senior living owners and operators should throw out the playbook and the whiteboard. That’s according to Scott White, CEO of real estate investment firm and Commonwealth Senior Living owner Invesque (IVQ.TO). “Don’t even start with the whiteboard, start with just looking up at the sky and dreaming and […]
Transactions Front Porch, Covia Communities Complete Merger Front Porch announced that its merger with Covia Communities became effective on April 1. The merger, which was announced in 2021, has a footprint that includes about 7,500 residents in 19 senior living communities located in four states. The new organization will operate under the Front Porch name […]
Invesque (TSE: IVQ.U) announced that a big fourth-quarter push led to a record-breaking year for dispositions and that the firm plans to continue trimming its portfolio in 2022. Carmel, Indiana-based Invesque sold more than $210 million in assets in 2021, more than $100 million of which came in the fourth quarter, executives said on the […]
Coming into 2021, many senior living providers hoped that the pandemic had created substantial pent-up demand, which would lead to a rapid occupancy rebound once vaccinations reached critical mass. Over the last two weeks, Q1 financial reports showed positive occupancy trends, but the census gains might not be due to pent-up demand — a topic […]
Invesque (TSX: IVQ.U) CEO Scott White believes that occupancy and net operating income for his company’s senior housing operating partners will experience a quick rebound, paced by pent-up demand for senior living. As evidence, he points to Commonwealth Senior Living, Invesque’s affiliated operator with 33 communities across four states, which recorded the highest number of […]
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