Brief: Invesque Reports Q2 2019 Results And Announces Transition Of Majority Of Its Greenfield Portfolio To Commonwealth Senior Living

Invesque

14/08/2019 22:12

Aug 14 (Reuters) - Invesque Inc  IVQu.TO :
    * INVESQUE INC. REPORTS SECOND QUARTER 2019 RESULTS AND
ANNOUNCES
TRANSITION OF MAJORITY OF ITS GREENFIELD PORTFOLIO TO
COMMONWEALTH SENIOR LIVING TO CREATE A LEADING OPERATOR OF
SENIORS HOUSING IN THE MID-ATLANTIC
    * INVESQUE INC - PLAN TO TRANSITION ALL 13 OF ITS ASSETS
CURRENTLY
OPERATED BY AFFILIATES OF GREENFIELD SENIOR LIVING
    * INVESQUE INC - WILL ACQUIRE 100% OF GREENFIELD'S INTERESTS
IN
COMPANY-OWNED PORTFOLIOS AND ITS ASSOCIATED LEASEHOLD INTERESTS
    * INVESQUE INC - ESTIMATES THAT TRANSITION WILL PROVIDE FOR
UP TO
US$2.5 MILLION IN ADDITIONAL ANNUAL NOI TO INVESQUE
    * INVESQUE INC - TRANSITION IS EXPECTED TO BE
US$0.03-US$0.04
ACCRETIVE TO 2020 ADJUSTED FUNDS FROM OPERATIONS

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