Skilled Nursing News May 12, 2022
Invesque (TSE: IVQ.U) continues its shift toward private-pay assets, a move that brings the health care real estate investment trust a more robust seniors housing portfolio – while its skilled nursing assets dwindle.
Dispositions announced during the last three financial quarters have brought pro forma net operating income (NOI) for seniors housing to 60%. Just five years ago skilled nursing represented more than 75% of the REIT’s NOI, according to Adlai Chester, chief investment officer for Invesque.
“I expect the seniors housing number will continue to increase in the coming months as we deliver on our strategy,” Chester said during the company’s Q1 earnings call on Thursday.
CEO Scott White said leaders plan to explore property sales for the remainder...
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