Senior Housing News October 18, 2024
Commonwealth Senior Living is on the cusp of having a new owner.
Health care real estate company Invesque (TSX: IVQ.U and IVQ) has reached a definitive agreement to sell its interest in the Commonwealth management company and in 20 Commonwealth properties. This is on the heels of Invesque selling seven other Commonwealth senior living communities, the company announced in an Oct. 17 press release.
The Commonwealth team is excited about these changes and believes that they will benefit all parties involved, Commonwealth CEO and President Earl Parker told Senior Housing News.
Invesque CEO Adlai Chester conveyed similar sentiments in emailed comments to SHN, and he emphasized that a reduction in leverage was the “primary driver” for the deal from the...
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