McKnight's May 13, 2022
Invesque Inc. continued to reduce its skilled nursing exposure and focus more on seniors housing holdings during the first quarter.
During an earnings call on Thursday, executives for the Toronto-based healthcare real estate company highlighted progress on an existing strategy as it works to create a “strong portfolio of private-pay, seniors housing assets” in an effort to reduce its skilled nursing footprint in the pandemic’s wake.
Following several dispositions over the last three quarters, nearly 60% of the company’s net operating income (NOI) is now coming from seniors housing, according to Chief Investment Office Adlai Chester. Seventy-five percent of the company’s NOI came from skilled nursing five years ago in comparison.
The company’s portfolio of 96 total...
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