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Invesque Inc. Completes Disposition of Nine Seniors Housing Assets in December and Provides Notice of US$27.3 Million Debenture Repayment
Invesque Inc. Completes Disposition of Nine Seniors Housing Assets in December and Provides Notic...
About this update from Invesque Inc
[{"type":"text","content":"\n\n\nInvesque Inc. Completes Disposition of Nine Seniors Housing Assets in December and Provides Notice of US$27.3 Million Debenture Repayment\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\nCanada NewsWire\n\n\nTORONTO, Dec. 24, 2025 /CNW/ - Invesque Inc. (the \"Company\" or \"Invesque\") (TSX: IVQ) and (TSX: IVQ.U) announced today that the Company has disposed of nine assets over the last 15 days and provides notice of its intention to redeem all of the US$27.3 million principal amount of debentures in early 2026.\nOn December 11, 2025, the Company sold a portfolio of four seniors housing assets for US$57.0 million. These assets, located in New Jersey and Pennsylvania, were previously part of a joint venture and managed by Heritage Senior Living, one of the Company's preferred operating partners.\nOn December 18, 2025, the Company sold a medical office building, located in Camillus, New York for US$4.1 million.\nOn December 23, 2025, the Company sold its interests in four seniors housing communities in Canada resulting in net equity of CAD$31.0 million. The underlying portfolio in this transaction was the Company's only retirement home investment in Canada.\nToday, the Company provided formal notice to the registered holder of its 9.75% unsecured subordinated debentures due December 30, 2027 (the \"9.75% Debentures\"), that the Company will redeem in full all of the currently outstanding 9.75% Debentures. The 9.75% Debentures will be redeemed on January 23, 2026 (the \"Redemption Date\") at a total price of 100% of the principal amount plus accrued and unpaid interest to, but not including, the Redemption Date.\n\"During 2025, our team completed the sale of 46 assets for more than US$550 million and repaid approximately US$510.0 million of debt (inclusive of preferred equity redemptions). Our management team along with our board of directors has determined that the best use of additional excess cash is the redemption of the 9.75% Debentures to further de-lever the Company,\" commented Adlai Chester, Chief Executive Officer of the Company. \"As we sit today, our real est...