Invesque (TSX: IVQ.U and IVQ) is seeking to sell or lease “all or substantially all” of its assets, and it is asking shareholders for approval to do so ahead of a June 18 special meeting. The Fishers, Indiana-based healthcare real estate investment trust (REIT) with 45 senior living properties in the U.S., is asking shareholders […]
Invesque
Commonwealth Senior Living is moving forward with efforts to improve staffing and grow wellness after a busy year of change in 2024, according to COO Michelle Hamilton. In 2024, Invesque (TSX: IVQ.U and IVQ) announced plans to sell its interest in Commonwealth and offloaded eight communities formerly managed by the Charlottesville, Virginia-based provider. But, as […]
This article is part of your SHN+ subscription Last week, Invesque (TSX: IVQ.U and IVQ) announced it is selling its interest in Commonwealth Senior Living and 20 communities managed by the operator. Invesque’s deal also follows two other sizable transactions: One from Brookdale Senior Living (NYSE: BKD) to acquire 41 communities it operates for $610 […]
Logos Living Capital, a New York based private equity firm focused on senior housing, acquired eight communities formerly managed by Commonwealth Senior Living as an extension of its rapid growth on the East Coast. The newly acquired communities, which will be managed by Viva Senior Living, are located in Maryland, Tennessee and Virginia; and were […]
Commonwealth Senior Living is on the cusp of having a new owner. Health care real estate company Invesque (TSX: IVQ.U and IVQ) has reached a definitive agreement to sell its interest in the Commonwealth management company and in 20 Commonwealth properties. This is on the heels of Invesque selling seven other Commonwealth senior living communities, […]
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 […]
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 […]
Subscribe
Receive industry updates and breaking news from SHN