HealthLease Properties Real Estate Investment Trust Completes $11.0 Million Over-Allotment Option
/NOT FOR DISSEMINATION IN THE UNITED STATES./
TORONTO, July 12, 2012 /CNW/ - HealthLease Properties Real Estate Investment Trust (the "REIT")(TSX: HLP.UN) announced today the closing of the issuance of an additional 1,100,000 units ("Units") at a price of $10.00 per Unit for gross proceeds of $11,000,000. The issuance was pursuant to the exercise by the underwriters of their over-allotment option with respect to the REIT's recently completed initial public offering on June 20, 2012. The exercise of the over-allotment option increases the total gross proceeds of the initial public offering to $121,000,000. The net proceeds from this issuance will be used for general trust purposes.
These securities have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States without registration or an applicable exemption from the registration requirements of that Act. This news release does not constitute an offer for sale of these securities in the United States of America.
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, including those set forth in the REIT's final prospectus dated June 8, 2012 under the section "Risk Factors", a copy of which can be obtained at www.sedar.com. Actual results could differ materially from those projected herein. The REIT disclaims any obligation to update these forward-looking statements.
About HealthLease Properties Real Estate Investment Trust
The REIT has been formed to own, develop and acquire seniors housing and care properties, which are leased to experienced operators. The REIT owns land and buildings and leases them to operators on a long-term, triple-net lease basis. The operators provide and manage the service offerings available at the facilities, deliver all care services and maintain the buildings. The REIT directly and indirectly owns a portfolio of fifteen seniors housing and care properties located through the United States and Canada.For further information:
Paul Ezekiel Turner
Chief Executive Officer
HealthLease Properties Real Estate Investment Trust