TORONTO, July 17, 2017 /CNW/ - NorthWest Healthcare Properties
Real Estate Investment Trust (TSX:NWH) (NorthWest) today announces that NorthWest
Australia 1 ( NorthWest Australia ) has completed the acquisition of
all the outstanding units in Generation Healthcare REIT (ASX:GHC) (Generation) – a $600M+ Australian healthcare real
estate portfolio comprising 16 properties including hospitals, medical centers, laboratories, aged care facilities along with an
accretive $230M+ development pipeline. NorthWest also announces that NorthWest Australia
has today passed a resolution as sole unitholder of Generation to appoint NorthWest Healthcare Australia RE Limited, as the
responsible entity of Generation in place of APN Funds Management Limited.
Combined with its NSX-listed Vital Healthcare Properties platform, the REIT now controls nearly $2.0B of Australasian healthcare real estate comprising 53 properties located in the major markets of
Auckland, Brisbane, Melbourne
and Sydney and characterized by long-term inflation-indexes leases, stable occupancies and high
quality healthcare tenants.
The Generation acquisition is accretive to the REITs earnings and growth profile while providing optionality to pursue its
regional investment strategy and planned institutional capital initiatives.
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1 NorthWest Australia AssetCo Pty Ltd as trustee for NWH Australia Asset Trust ( NorthWest Australia ), a controlled entity of NorthWest.
Further Information
Further information on the Generation acquisition as well as recent developments at the REIT is available in its Summer 2017
newsletter.
About NorthWest Healthcare Properties Real Estate Investment Trust
NorthWest Healthcare Properties Real Estate Investment Trust (TSX:NWH.UN) is an unincorporated, open-ended real estate
investment trust established under the laws of the Province of Ontario. The REIT provides
investors with access to a portfolio of high quality international healthcare real estate infrastructure comprised of interests
in a diversified portfolio of 142 income-producing properties and 9.5 million square feet of gross leasable area located
throughout major markets in Canada, Brazil, Germany, Australia and New Zealand. The
REIT's portfolio of medical office buildings, clinics, and hospitals is characterized by long term indexed leases and stable
occupancies. With a fully integrated and aligned senior management team, the REIT leverages over 180 professionals across nine
offices in five countries to serve as a long term real estate partner to leading healthcare operators.
This press release contains forward-looking statements which reflect the REIT's current expectations regarding future events.
The forward-looking statements involve risks and uncertainties. Actual results could differ materially from those projected
herein. The REIT disclaims any obligation to update these forward-looking statements.
SOURCE NorthWest Healthcare Properties Real Estate Investment Trust
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