Invesque sold U.S. seniors properties for US$74.2 million during the first quarter of 2024.

Toronto-based Invesque reported the divestments in the company’s quarterly report.

Three nursing homes in Texas and Missouri were sold for US$55.5 million. Meanwhile, two other skilled-nursing facilities in Pennsylvania were divested for US$12.9 million, and Invesque received US$4 million for a South Carolina seniors community.

No buyers or specific property locations were disclosed.

Also during the quarter, Invesque’s stock holding company acquired 16.98 million common shares from affiliates of Tiptree, which divested its entire ownership stake. Invesque also amended its credit agreement with KeyBank, reducing several covenants associated with the debt. And, as Connected has reported, Adlai Chester was promoted to CFO after he purchased an addition 30.2% ownership stake in the healthcare real estate firm for $846,875.

The company subsequently promoted Quinn Haselhorst to CFO from senior vice-president of finance.

Invesque invests in a portfolio of mainly private-pay seniors communities located in Ontario and the U.S. As a public company that trades on the Toronto Stock Exchange, Invesque is legally based in the Ontario capital. But most of the firm’s assets are located in the U.S.