Northwest Healthcare Properties Real Estate Investment Trust Announces Completion of $75 Million Public Offering of Trust Units

03-09-2011

TORONTO, Mar 9, 2011 (Canada NewsWire via COMTEX) --

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NorthWest Healthcare Properties Real Estate Investment Trust (the "REIT") (TSX:NWH.UN) today announced that it has successfully completed its previously announced issuance of 6,400,000 trust units for $11.75 per unit for gross proceeds of $75,200,000. The syndicate of underwriters for the offering was led by RBC Capital Markets.

The offering was made pursuant to a short form prospectus dated March 2, 2011 which was filed with Canadian securities regulators.

About NorthWest Healthcare Properties Real Estate Investment Trust NorthWest Healthcare Properties Real Estate Investment Trust, "Canada's Healthcare Landlord", is an unincorporated, open-ended real estate investment trust established under the laws of the Province of Ontario. The REIT holds a portfolio of 52 income-producing properties, with a focus on medical office buildings and healthcare real estate, comprising approximately 3.7 million square feet of gross leasable area located in British Columbia, Alberta, Ontario, Québec, Nova Scotia and New Brunswick.

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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