TORONTO, Feb. 15, 2024 /CNW/ – Northwest Healthcare Properties Real Estate Investment Trust (the ‘REIT‘ or ‘Northwest‘) (TSX: NWH.UN) a leading international owner and operator of healthcare real estate infrastructure in Europe, the Americas and Australasia, announced today that the Trustees of the REIT have declared a distribution of $0.03 per unit for the month of February 2024, representing $0.36 per unit on an annualized basis. The distribution will be payable on March 15, 2024, to unitholders of record as at February 29, 2024.

 

 

Northwest Healthcare Properties Real Estate Investment Trust (TSX: NWH.UN) (Northwest) 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 as at September 30, 2023, of interests in a diversified portfolio of 229 income-producing properties and 18.2 million square feet of gross leasable area located throughout major markets in Canada, the United States, Brazil, Europe, 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 300 employees in ten offices in eight 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 events 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

 

For further information: Craig Mitchell, CEO, craig.mitchell@nwhreit.com; Karen Martin, Interim CFO, karen.martin@nwhreit.com, Andrew Greig, Investor Relations, andrew.greig@nwhreit.com, investors@nwhreit.com, (416) 366-2000 Ext. 2202