NorthWest Healthcare Properties Real Estate Investment Trust Announces Closing of Medical Acquisition in Peterborough

12-01-2010

TORONTO, Dec. 1, 2010 (Canada NewsWire via COMTEX) -- NorthWest Healthcare Properties Real Estate Investment Trust (TSX: NWH.UN) (the "REIT") announced today it has closed the acquisition of a new medical office building, Alexander Medical Centre, located in Peterborough, Ontario.

Alexander Medical Building is prominent in its market with a location near the recently built Peterborough Regional Hospital. It is a 30,500 square foot, multi-tenant medical building that is 95% occupied with a strong tenancy mix which includes specialist physicians, general practitioners, a diagnostic imaging facility, a blood laboratory, a pharmacy and other medically-related tenants.

Alexander Medical Building will be the REIT's twentieth asset in the Ontario Region, and its first acquisition in the City of Peterborough, the regional hub of east-central Ontario.

About NorthWest Healthcare Properties Real Estate Investment Trust

NorthWest Healthcare Properties Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under the laws of the Province of Ontario. The REIT holds a portfolio of 49 income-producing properties, with a focus on medical office buildings and healthcare real estate, comprising approximately 3.0 million square feet of gross leasable area located in British Columbia, Alberta, Ontario, Québec, Nova Scotia and New Brunswick.

SOURCE: NorthWest Healthcare Properties Real Estate Investment Trust

Mike Brady, Senior Vice President, NorthWest Healthcare Properties Real Estate Investment Trust
(416) 366-2000 ext. 243, or www.nwhp.ca