07:36 AM EDT, 07/29/2025 (MT Newswires) -- Invesque ( MHIVF ) overnight Monday said that over the last 40 days it transitioned the day-to-day management of four assets to new operating partners and closed on the sale of eleven seniors housing communities via two separate transactions.

The company said that on June 18 it transitioned management of a community in Zachary, Louisiana from a triple-net lease to a third-party management structure with Viva Senior Living, a regional operator that currently manages more than 20 assets, one other asset which is owned by the company.

The company added that, on July 1, it transitioned management of three memory care communities in Texas and Arkansas to Constant Care Management Company. The company said it expects improvements in financial performance because of the transition.

The company sold a community in Syracuse, New York for US$5.8 million on July 14. The community was previously managed by Hearth Management under a triple-net lease. The company said it also sold ten memory care assets in Texas, Indiana, Arkansas and Michigan on July 25, that were previously managed through a triple-net lease by Constant Care Management Company for US$83.2 million. The company said that, in both transactions, a portion of the proceeds were used to repay property level debt associated with the respective assets and pay other transaction-related costs.

"Year-to-date, we have executed on the sale of 32 assets for US$423.1 million," said Invesque ( MHIVF ) Chief Executive Adlai Chester. "These transactions allow us to accumulate cash to repay all or some of the outstanding debt and debentures and ultimately return capital to our shareholders. We will continue to analyze the best strategy for each remaining asset in our portfolio to ensure the right operator is managing each property or portfolio to drive shareholder value".