Invesque has sold nine assets in Canada and the U.S. to unidentified buyers as the healthcare real estate company moves closer to divesting all of its assets.

Toronto-based Invesque said it sold four Canadian seniors homes just before Christmas for $31 million in net equity. With the divestment, Invesque exited the Canadian marketplace.

The divestments leave Invesque with seven seniors homes in four American states, said Adlai Chester, the company’s CEO.

During 2025, Invesque sold 46 assets for approximately US$550 million and repaid about US$510 million in debt. The company said it will redeem all US$27.3 million worth of its debentures on January 23.

“Our management team along with our board of directors has determined that the best use of additional excess cash is the redemption of the 9.75% debentures to further de-lever the company,” said Chester.

In the other recent deals, Invesque sold a portfolio of four seniors housing assets for US$57 million. The properties are located in New Jersey and Pennsylvania and were previously part of a joint-venture management by Heritage Senior Living, one of Invesque’s preferred operating partners.

Invesque also sold a medical-office building in Camillus, N.Y., for US$41 million.

Prior to the sell-off, Invesque’s portfolio had included a portfolio of income-generating, private-pay seniors housing communities. The investments included independent-living, assisted-living, and memory- care facilities operated under joint-venture arrangements with industry-leading operating partners. The portfolio included investments in owner-occupied seniors-housing properties in which Invesque owned the real estate, and the licensed operations.

The recent divestments came after completed the sale of 20 seniors-housing communities managed by Commonwealth Senior Living, along with its majority ownership stake in the management company.

Financial terms were not disclosed. Proceeds from the transaction were used to fully repay Invesque’s associated property-level debt, settle outstanding preferred equity tied to the portfolio, and cover related transaction costs.

As a result of the sale, Commonwealth has ceased management of all Invesque-owned properties.

Invesque has battled financial difficulties and sought to sell or lease all or substantially all of its assets.

Pictured: Invesque’s Terra Bluffs seniors housing complex in Parker, Colo.

Photo: Terra Bluffs/Invesque