TORONTO, April 14,
2023 /CNW/ - Northwest Healthcare Properties Real
Estate Investment Trust (TSX: NWH.UN) (the "REIT") announced today
that the Trustees of the REIT have declared a distribution of
$0.06667 per unit for the month of
April 2023, representing $0.80 per unit on an annualized basis. The
distribution will be payable on May 15,
2023, to unitholders of record as at April 28, 2023.
Unitholders can participate in the REIT's Distribution
Reinvestment Plan ("DRIP"). Eligible investors registered in
the DRIP will have their monthly cash distributions used to
purchase Trust Units and will also receive bonus units equal to 3%
of their monthly cash distributions. Complete details of the
DRIP are available on the REIT's website at www.nwhreit.com or
from a unitholder's investment advisor.
About Northwest Healthcare
Properties Real Estate Investment Trust
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. As at September 30, 2022, 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 233 income-producing properties and 18.6 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 professionals 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 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
