Real Estate

Northwest Real Estate Investment Trust provides an update on recent developments in the trust of its subsidiary vital healthcare property

TorontoAnd April 28, 2022 /CNW/ – NorthWest Healthcare Properties Real Estate Investment Trust (TSX: NWH.UN) (“NorthWest” and “REIT”), Canada The world’s leading diversified healthcare investment trust is pleased to provide an update on the recently announced developments in the NSX (NZX:VHP.UN) Vital Healthcare Property Trust (“Vital Trust”). It operates the NorthWest Vital Trust and is its largest unit holder with an approximate interest rate of 27.5%.

employment 26 April 2022The Vital Trust has announced the appointment of Ms. Angela Bol As an independent director and member of the Vital Audit Committee. Mrs. Paul replaces Andrew Evans who will retire after 15 years in these roles. Commenting on the renewal of the dynamic board of directors and its independent chairman, Graham StewartShe said:

“The Board appreciates Andrew’s long and committed service to the Director and is energetic. During Andrew’s tenure, Vital’s assets have grown from ~250 million dollars to ~3 billion dollarsnet tangible assets grew from them $1.30 to $3.12 Per unit and total unitholder returns for Vital averaged 11.2% per year.

We welcome Angela to our Board of Directors and look forward to her application of her extensive skills and experience in property, law and governance to help continue to generate superior returns for Vital unit holders.”

Separately, in April 28, 2022Vital Trust announced NZ$200 million (166 million Canadian dollarsIncrease capital and strategic income New Zealand South Island by NZ$225 million (188 million Canadian dollars) Acquisitions and development. Commenting on the acquisitions and development of Vital, its fund manager, Aaron HockleyShe said:

“The acquisitions announced today will further enhance the geographic diversity of Vital and On the occasion of our strategic entry into New Zealand South Island. It’s a chance for us Building new relationships with good tenants is expected to support the growth of AFFO for Vital unit owners. There will be an immediate development available for both collectibles.

In addition, we are pleased to announce the emergence of two additional developments From our long-term relationship with New Zealand Three largest private hospital staff. These developments will enable us to provide additional health infrastructure to Auckland With the provision of AFFO and valuation growth for Vital unit owners. The acquisitions and developments announced today include a range of sustainability Features consistent with Vital’s sustainability commitments and the manager’s commitments.”

Additional details about the Vital Trust’s capital increase as well as recently announced acquisitions and developments are available on its website at

To support the increase in capital and investment activity in the Vital Trust, REIT has agreed to subscribe to its pro rata share of NZ$200 million. (166 Canadian dollars) m Capital Raising, an investment of NZ$55 million (46 Canadian dollars) m. The REIT acquisition of additional Vital Trust units will be funded from existing resources and when combined with the resulting management fee will be cumulative to the REIT’s AFFO on a per unit basis.

About NorthWest Healthcare Properties . REIT

NorthWest is a global real estate investor, asset manager, and developer focused on real estate and partnerships at the intersection of healthcare, knowledge, and research. Founded in 2004, NorthWest (TSX: NWH.UN) owns and operates a 10 billion dollars A collection of 224 high-quality healthcare properties across CanadaAnd United StateAnd BrazilUnited kingdom, GermanyAnd HollandAnd AustraliaAnd New Zealand. With 300 professionals operating in 7 countries, NorthWest offers a global outlook, local implementation capabilities, and a long-term ownership strategy that allows it to serve as the preferred real estate partner for leading healthcare operators worldwide.

SOURCE NorthWest Healthcare Properties Real Estate Investment Trust



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