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Invesque picks up 14 medical office buildings in $142M deal

March 2, 2018

Invesque Inc., a Carmel-based real estate investment company, has picked up 14 medical office buildings by acquiring a Canadian firm for $142 million.

Invesque said Friday it bought Mohawk Medical Properties, a real-estate investment trust based in Toronto. The deal includes a portfolio of 545,000 square feet of medical office properties in New York, Florida and Canada. The properties are occupied by more than 400 physician practices.

As part of the deal, Mohawk “will be required to provide Invesque with any opportunities to acquire similar, stabilized medical office buildings sourced by Mohawk,” Invesque said in a statement.

It’s the second big real estate deal in recent months for Invesque, formerly known as Mainstreet Health Investments. In January, it bought a transitional-care facility in Lincoln Nebraska for $21.6 million and a rehabilitation facility in Texas for $22.8 million.

Both of those properties were sold by Mainstreet, a privately owned developer of senior care facilities. Invesque was created by Mainstreet through a reverse merger in 2016, and the two companies share the same address, 14390 Clay Terrace Boulevard.

 

 

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