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Invesque Inc. Completes Disposition of Nine Seniors Housing Assets in December and Provides Notice of US$27.3 Million Debenture Repayment

By The Northwire Desk — AI Analysis Dec 24, 2025 · 08:00 IVQ · 0.11 INVESQUE INC.
IVQ · Price

Executive Summary

  • Invesque Inc. completed the sale of nine seniors‑housing and related assets for a total consideration of approximately US$92.1 million (US$57.0 M + US$4.1 M + CAD$31.0 M) between Dec 11‑23, 2025.
  • The company gave formal notice that it will redeem the entire outstanding principal of its 9.75% unsecured subordinated debentures (US$27.3 million) on Jan 23, 2026, using excess cash from the recent disposals to further de‑leverage the balance sheet.
  • Post‑sale, Invesque’s real‑estate portfolio consists of seven senior‑housing communities located in four U.S. states.

Key Details

  • Asset Sales
  • Dec 11, 2025 – Sold a portfolio of four senior‑housing assets in New Jersey and Pennsylvania for US$57.0 million (previously held in a joint venture managed by Heritage Senior Living).
  • Dec 18, 2025 – Sold a medical office building in Camillus, New York for US$4.1 million.

  • Dec 23, 2025 – Sold interests in four Canadian senior‑housing communities, generating net equity of CAD$31.0 million (the company’s only retirement‑home investment in Canada).

  • Debt Redemption Notice

  • Formal notice provided to the registered holder of the 9.75% unsecured subordinated debentures due Dec 30, 2027 (“9.75% Debentures”).
  • Full redemption scheduled for Jan 23, 2026 at 100% of principal plus accrued and unpaid interest up to (but not including) the redemption date.

  • Total principal amount to be redeemed: US$27.3 million.

  • Strategic Rationale

  • Management indicated that the sales generated over US$550 million in asset proceeds during 2025 and repaid approximately US$510 million of debt, leaving excess cash.

  • The board determined that using this cash to redeem the 9.75% Debentures is the “best use” to further de‑leverage the company.

  • Remaining Portfolio

  • After disposals, Invesque now holds seven senior‑housing communities across four U.S. states.

Notable Quotes

“During 2025, our team completed the sale of 46 assets for more than US$550 million and repaid approximately US$510 million of debt… The best use of additional excess cash is the redemption of the 9.75% Debentures to further de‑lever the Company,” – Adlai Chester, Chief Executive Officer, Invesque Inc.

Read the original news release →

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