Latest news with #AdlaiChester
Cision Canada
28-07-2025
- Business
- Cision Canada
Invesque Inc. Completes Disposition of 11 Seniors Housing Assets and Manager Changes at Four Other Properties
TORONTO, July 28, 2025 /CNW/ - Invesque Inc. (the " Company" or " Invesque") (TSX: IVQ) (TSX: IVQ.U) announced today that over the last 40 days it has transitioned the day-to-day management of four assets to new operating partners and closed on the sale of eleven seniors housing communities via two separate transactions. On June 18, 2025, the Company transitioned management of a community in Zachary, Louisiana from a triple-net lease to a third-party management structure with Viva Senior Living, a regional operator that currently manages more than 20 assets, one other asset which is owned by the Company. On July 1, 2025, the Company transitioned management of three memory care communities in Texas and Arkansas to Constant Care Management Company ("CCMC"), one of the industry's premier memory care providers. CCMC has significant experience operating in both states and the Company anticipates improvements in financial performance because of the transition. On July 14, 2025, the Company sold a community in Syracuse, New York for US$5.8 million. The community was previously managed by Hearth Management under a triple-net lease. A portion of the proceeds from the sale were used to repay property level debt associated with the asset and pay other transaction-related costs. On July 25, 2025, the Company sold ten memory care assets in Texas, Indiana, Arkansas and Michigan that were previously managed via a triple-net lease by CCMC for US$83.2 million. A portion of the proceeds from the sale were used to repay property level debt associated with the assets and pay other transaction-related costs. "Year-to-date, we have executed on the sale of 32 assets for US$423.1 million.," commented Adlai Chester, Chief Executive Officer of the Company. "These transactions allow us to accumulate cash to repay all or some of the outstanding debt and debentures and ultimately return capital to our shareholders. We will continue to analyze the best strategy for each remaining asset in our portfolio to ensure the right operator is managing each property or portfolio to drive shareholder value". About Invesque Invesque is a North American health care real estate company with an investment thesis focused on the premise that an aging demographic in North America will continue to utilize health care services in growing proportion to the overall economy. The Company currently capitalizes on this opportunity by investing in a portfolio of income-generating, predominantly private pay seniors housing communities. Invesque's portfolio includes investments primarily in independent living, assisted living, and memory care, which are operated under long-term leases and joint venture arrangements with industry-leading operating partners. Invesque's portfolio also includes investments in owner-occupied seniors housing properties in which Invesque owns the real estate, and the licensed operations. Forward-Looking Information This press release contains certain forward-looking information and/or statements ("forward-looking statements"), that reflect and are provided for the purpose of presenting information about management's current expectations and plans relating to the future, including, without limitation, statements regarding the future repayment of the outstanding debentures and return of capital to shareholders. Forward-looking information is typically identified by terms such as "anticipate," "believe," "continue," "expect," "expectations," "forecast," "may," "plan," "pro forma," "project," "should," "will," and other similar expressions that do not relate solely to historical matters and suggest future outcomes or events. Readers should not place undue reliance on forward-looking statements and are cautioned that forward-looking statements may not be appropriate for other purposes. Forward-looking information is generally based on a number of assumptions, opinions, and estimates, including, but not limited to, that the Company intends to repay the outstanding debentures and return capital to its shareholders. While these assumptions, opinions, and estimates are considered by the Company to be appropriate and reasonable in the circumstances as of the date of this press release and given the time period for such projections and targets, they are subject to a number of known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, levels of activity, performance, or achievements to be materially different from those expressed or implied by such forward-looking information. Such risks and uncertainties include, but are not limited to, the inability of the Company to repay the outstanding debentures and return capital to its shareholders due to the lack of available funds or other factors, as well as the risks described in the Company's current annual information form and management's discussion and analysis, available on the Company's profile on SEDAR+ at which risks may be dependent on market factors and not entirely within the Company's control. These forward-looking statements reflect current expectations of the Company as of the date of this press release and speak only as of the date of this press release. There can be no assurance that forward-looking statements will prove to be accurate as actual outcomes and results may differ materially from those expressed in these forward-looking statements. Readers are cautioned not to place undue reliance on any such forward-looking statements, which are given as of the date hereof, and not to use such forward-looking statements for anything other than the intended purpose. Further, except as expressly required by applicable law, the Company assumes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise. Forward- looking statements contained in this press release are expressly qualified by this cautionary statement.
Cision Canada
04-06-2025
- Business
- Cision Canada
Invesque Inc. Completes Previously Announced Sale of 20 Seniors Housing Assets and its Ownership Interests in Commonwealth Senior Living
TORONTO, June 4, 2025 /CNW/ - Invesque Inc. (the " Company" or " Invesque") (TSX: IVQ) (TSX: IVQ.U)announced today that it has completed the previously announced sale of 20 seniors housing communities managed by Commonwealth Senior Living, LLC (" Commonwealth"), together with the Company's majority ownership stake in Commonwealth (collectively, the " Transaction"). The 20-asset portfolio, as well as Invesque's ownership interests in Commonwealth, were sold and proceeds from the Transaction were used to repay all property level debt associated with the assets, extinguish all unpaid and accrued preferred equity associated with the portfolio, and to pay other transaction-related costs. Upon completion of the Transaction, Commonwealth has ceased to manage any Invesque-owned properties. The Company's portfolio currently consists of 32 assets, 12 of which remain under definitive contract to be sold, subject to satisfaction or waiver of due diligence conditions in favour of the purchasers and other customary closing conditions as previously disclosed. "The Commonwealth platform has been a large part of Invesque's story over the last five and a half years, and we wish the Commonwealth team nothing but the best in the future," stated Adlai Chester, Chief Executive Officer of Invesque. "We have determined that it is in the Company's best interest to exit the Commonwealth business and substantially reduce the leverage of the broader Company." About Invesque Invesque is a North American health care real estate company with an investment thesis focused on the premise that an aging demographic in North America will continue to utilize health care services in growing proportion to the overall economy. Invesque currently capitalizes on this opportunity by investing in a portfolio of income-generating, predominantly private pay seniors housing communities. Invesque's portfolio includes investments primarily in independent living, assisted living, and memory care, which are operated under long-term leases and joint venture arrangements with industry-leading operating partners. Invesque's portfolio also includes investments in owner-occupied seniors housing properties in which Invesque owns the real estate, and the licensed operations. Forward-Looking Information This press release contains certain forward-looking information and/or statements ("forward-looking statements"), that reflect and are provided for the purpose of presenting information about management's current expectations and plans relating to the future, including, without limitation, statements regarding the expected closing of the sale of certain assets under definitive agreements and the current composition of the Company's portfolio. Forward-looking information is typically identified by terms such as "anticipate," "believe," "continue," "expect," "expectations," "forecast," "may," "plan," "pro forma," "project," "should," "will," and other similar expressions that do not relate solely to historical matters and suggest future outcomes or events. Readers should not place undue reliance on forward-looking statements and are cautioned that forward-looking statements may not be appropriate for other purposes. Forward-looking information is generally based on a number of assumptions, opinions, and estimates, including, but not limited to, that the conditions to closing in respect of the sale of certain assets under definitive agreements will be satisfied or waived and that such transactions will close within the expected timeline. While these assumptions, opinions, and estimates are considered by the Company to be appropriate and reasonable in the circumstances as of the date of this press release and given the time period for such projections and targets, they are subject to a number of known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, levels of activity, performance, or achievements to be materially different from those expressed or implied by such forward-looking information. Such risks and uncertainties include, but are not limited to, the conditions to closing in respect of one or more of the sale of certain assets under definitive agreements will not be satisfied or waived and that such transactions will not close at all or within the expected timeline, as well as the risks described in the Company's current annual information form and management's discussion and analysis, available on the Company's profile on SEDAR+ at which risks may be dependent on market factors and not entirely within the Company's control. These forward-looking statements reflect current expectations of the Company as of the date of this press release and speak only as of the date of this press release. There can be no assurance that forward-looking statements will prove to be accurate as actual outcomes and results may differ materially from those expressed in these forward-looking statements. Readers are cautioned not to place undue reliance on any such forward-looking statements, which are given as of the date hereof, and not to use such forward-looking statements for anything other than the intended purpose. Further, except as expressly required by applicable law, the Company assumes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise. Forward- looking statements contained in this press release are expressly qualified by this cautionary statement.
Yahoo
30-01-2025
- Business
- Yahoo
One Invesque Insider Raised Their Stake In The Previous Year
From what we can see, insiders were net buyers in Invesque Inc.'s (TSE:IVQ ) during the past 12 months. That is, insiders acquired the stock in greater numbers than they sold it. Although we don't think shareholders should simply follow insider transactions, we do think it is perfectly logical to keep tabs on what insiders are doing. View our latest analysis for Invesque The CEO & Director Adlai Chester made the biggest insider purchase in the last 12 months. That single transaction was for CA$860k worth of shares at a price of CA$0.051 each. We do like to see buying, but this purchase was made at well below the current price of CA$0.11. While it does suggest insiders consider the stock undervalued at lower prices, this transaction doesn't tell us much about what they think of current prices. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction! Invesque is not the only stock that insiders are buying. For those who like to find small cap companies at attractive valuations, this free list of growing companies with recent insider purchasing, could be just the ticket. I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. From looking at our data, insiders own CA$1.9m worth of Invesque stock, about 1.9% of the company. I generally like to see higher levels of ownership. It doesn't really mean much that no insider has traded Invesque shares in the last quarter. However, our analysis of transactions over the last year is heartening. While we have no worries about the insider transactions, we'd be more comfortable if they owned more Invesque stock. While it's good to be aware of what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. Our analysis shows 3 warning signs for Invesque (2 are a bit concerning!) and we strongly recommend you look at them before investing. Of course Invesque may not be the best stock to buy. So you may wish to see this free collection of high quality companies. For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
