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 […]
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 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 […]
Invesque, the real estate investment company headed up by former Mainstreet executives, is continuing to rapidly expand. It has re-located to a new headquarters building in Carmel, Indiana and is planning to add 39 jobs by 2024, as it drives toward a total portfolio in excess of $2 billion. The firm is already on pace […]
Caring Holdings, LLC Acquires Caring.com Senior care referral service Caring.com has been acquired by Caring Holdings, LLC, a group of investors with experience and expertise in digital customer acquisition. Bankrate, which had owned Caring.com, agreed to part ways with the senior living referral service in November 2017 in order to be acquired by Red Ventures. […]