Invesque Adds 10 Properties to Commonwealth Portfolio, Foresees Future Growth

Invesque (TSX: IVQ.U) is wasting no time in building up the $340 million Commonwealth Senior Living portfolio acquired in May. Invesque is transitioning the majority of its assets operated by Falls Church, Virginia-based Greenfield Senior Living to Commonwealth, the Toronto-based real estate investment trust (REIT) announced in its second quarter 2019 earnings report Wednesday. The […]

Transactions & Financings: Invesque’s $80M Credit Facility; Thrive Acquires Georgia Senior Living Community

Invesque secures $80M credit facility People’s United Bank, a subsidiary of People’s United Financial (Nasdaq: PBCT), announced its healthcare finance and capital markets divisions served as lead arranger and administrative agent for an $80 million senior secured credit facility to Invesque (TSX: IVQ.U). The facility will be used to refinance existing debt associated with the […]

Invesque Expands Senior Living Portfolio with $340M Commonwealth Acquisition

Invesque Inc. (TSX: IVQ.U), the Toronto-based real estate investment company formerly known as Mainstreet Health Investments, Inc. announced an agreement Wednesday to acquire Charlottesville, Virginia-based senior housing owner and operator Commonwealth Senior Living and 20 of its properties for $340.4 million. Invesque also has an exclusive right of first offer for three other Commonwealth assets […]