Senior Housing News October 24, 2024
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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 million, and another from National Health Investors (NYSE: NHI) to acquire 10 communities managed by Spring Arbor for $121 million.
Invesque CEO Adlai Chester noted in a recent interview with Senior Housing News that reducing leverage was the company’s primary goal in the Commonwealth transaction. Similarly, Brookdale as part of its acquisition recapitalized and pushed its debt maturities down the road.
But while both Brookdale...
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