On June 4, 2025, Invesque Inc. (TSX: IVQ; TSX: IVQ.U) has completed the sale of 20 seniors housing communities managed by Commonwealth Senior Living, LLC, along with its majority ownership stake in Commonwealth. The transaction proceeds were used to repay all property-level debt tied to the assets, extinguish all unpaid and accrued preferred equity, and cover other transaction-related costs. As a result, Commonwealth no longer manages any Invesque-owned properties. Invesque’s remaining portfolio consists of 32 assets, with 12 currently under definitive contracts for sale, subject to due diligence and customary closing conditions. The transaction marks a strategic shift for Invesque, aimed at exiting the Commonwealth business and significantly reducing the company’s leverage. The assets sold were originally acquired as part of a US$340.4 million (C$456.7 million) transaction announced on May 22, 2019, which had positioned Invesque as a leading healthcare real estate platform at the time.

BMO Capital Markets served as financial advisor to Invesque, while Barack Ferrazzano Kirschbaum & Nagelberg LLP acted as primary legal counsel, supported by Goodmans LLP and other firms. Houlihan Lokey Capital, Inc. served as financial advisor to Commonwealth, with legal counsel from Burr & Forman LLP. CEO Adlai Chester thanked the Commonwealth team for their contributions over the past five and a half years and reaffirmed the company’s intent to strengthen its financial position through this divestment.