Business
Invesque Inc. Completes Disposition of Remaining Skilled Nursing Facilities and Fully Repays KeyBank Credit Facility
Invesque Inc. Completes Disposition of Remaining Skilled Nursing Facilities and Fully Repays KeyB...
About this update from Invesque Inc
[{"type":"text","content":"\n\n\n\n Invesque Inc. Completes Disposition of Remaining Skilled Nursing Facilities and Fully Repays KeyBank Credit Facility\n \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\n\n Canada NewsWire\n \n\n\n\n\n\n TORONTO\n \n\n ,\n \n\n Aug. 18, 2025\n \n\n /CNW/ - Invesque Inc. (the \"\n \n Company\n \n \" or \"\n \n Invesque\n \n \") (TSX: IVQ) (TSX: IVQ.U) announced today that on\n \n August 15, 2025\n \n , the Company sold its two remaining skilled nursing facilities in\n \n Illinois\n \n (the \"Transaction\") which were previously leased via a long-term, triple-net lease that included a tenant purchase option.\n \n\n Proceeds from the Transaction allowed the Company to fully repay the KeyBank credit facility. With this payoff, the Company now has two unencumbered assets that were previously secured by the credit facility, providing additional financial flexibility. Following the completion of the Transaction, the Company's real estate portfolio includes 19 assets in eight US states and one Canadian province.\n \n\n \"Closing on the sale of our remaining skilled nursing facilities and fully paying off the KeyBank credit facility represents significant progress for Invesque,\" noted\n \n Quinn Haselhorst\n \n , Chief Financial Officer of the Company. \"This Transaction and corresponding payoff continues our de-levering strategy and provides us a great deal of flexibility going forward.\".\n \n\n\n About Invesque\n \n\n\n Invesque is a North American health care real estate company with an investment thesis focused on the premise that an aging demographic in\n \n North America\n \n will continue to utilize health care services in growing proportion to the overall economy. The Company currently capitalizes on this opportunity by investing in a portfolio of income-generating, predominantly private pay seniors housing communities. Invesque's portfolio includes investments primarily in independent living, assisted living, and memory care, which are operated under long-term leases and joint venture arrangements with industry-leading operating partners. Invesque's portfol...