An unknown buyer entered into a purchase and sale agreement to acquire Eight Skilled Nursing Facilities from Invesque Inc. (TSX : IVQ) for approximately $130 million on February 27, 2023. The transaction remains subject to the purchaser's right to terminate the purchase agreement as a result of (i) due diligence findings, (ii) title and survey objections and (iii) other closing conditions. Invesque expects to consummate the transaction before the end of the second quarter. As of May 10, 2023, the purchase price was amended to $121 million. The due diligence period associated with the transaction has lapsed, due diligence conditions have been waived, and buyer's obligations to close will be supported by a $2 million non-refundable deposit. Both the parties are completing documents required for closing and seeking final regulatory approvals.

An unknown buyer completed the acquisition of Eight Skilled Nursing Facilities from Invesque Inc. (TSX : IVQ) on July 1, 2023. Invesque Inc. sold seven of the eight assets on June 1, 2023. The final asset was sold on July 1, 2023, for $19.7 million. Following the closing, the Company has no remaining lease relationship, and continues to focus on its private pay seniors housing portfolio.