TORONTO, May 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 May 2024, representing $0.36 per unit on an annualized basis. The
distribution will be payable on June 14,
2024, to unitholders of record as at May 31, 2024.
Northwest offers a distribution reinvestment plan (the "DRIP").
On each distribution date, eligible unitholders registered in the
DRIP will have their cash distributions reinvested to purchase
Trust Units and will also receive bonus Trust Units equal to 3% of
their cash distributions. Complete details of the DRIP are
available on the REIT's website at
https://nwhreit.com/investors/unitholders/distributions-reinvestment-plan.
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. The REIT provides
investors with access to a portfolio of high-quality international
healthcare real estate infrastructure comprised as at March 31, 2024, of interests in a diversified
portfolio of 210 income-producing properties and 17.4 million
square feet of gross leasable area located throughout major markets
in North America, Brazil, Europe and Australasia. The REIT's portfolio
of medical office buildings, clinics, and hospitals is
characterized by long-term indexed leases and stable occupancies.
Northwest leverages its global workforce in eight countries to
serve as a long-term real estate partner to leading healthcare
operators.
For additional information please visit: www.nwhreit.com .
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 REIT