Invesque sells a 9 property medical office portfolio

Goodmans LLP represented Invesque Inc. on the sale of nine medical office buildings in Canada to Appelt Properties for C$94.3 million.

 Appelt Properties is an owner, developer, and manager of medical office buildings along with multifamily and retail properties. Invesque is a publically traded TSX corporation which owns, develops and operates seniors housing throughout the United States and in Ontario.

This transaction was part of Invesque’s strategy of simplifying its portfolio by selling non-core assets, further positioning the Invesque portfolio toward being predominantly private pay seniors housing.