Invesque Inc. Acquires Toronto-Based Mohawk Medical Properties REIT for US$138 Million
|Areas||Banking and Finance Law, Commercial Real Estate, Corporate and Commercial, Health Care Law, Litigation, Mergers and Acquisitions, REITs and Income Securities, Tax|
Goodmans represented Invesque Inc. (TSX: IVQ.U) (“Invesque”) in its acquisition of Mohawk Medical Properties Real Estate Investment Trust and its subsidiary, Mohawk Medical Operating Partnership (I) LP (collectively, "Mohawk REIT") for approximately US$138 million.
As one of the largest portfolios in Canada, Mohawk REIT is comprised of 545,000 square feet spread across 14 medical office buildings in Canada and the United States. Affiliates of Mohawk will continue to provide asset and property management services for the properties. This acquisition has expanded Invesque’s portfolio to 103 buildings, more than 9,000 beds/suites, and 545,000 rentable square feet of medical office space.
Invesque Inc. is a North American health care real estate company with a growing portfolio of high quality properties located in the United States and Canada and operated by best-in-class health care, senior living and care operators primarily under long-term leases and joint ventures.