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

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.