TORONTO, Feb. 18, 2014 /CNW/ - HealthLease Properties Real Estate
Investment Trust (the "REIT") (TSX: HLP.UN) announced today a cash
distribution in the amount of $0.07083 per unit for the month of
February 2014. The distribution will be payable on March 17, 2014 to
unitholders of record as at February 28, 2014.
Unitholders can participate in the REIT's Distribution Reinvestment Plan
("DRIP"). The DRIP allows unitholders of the REIT, who are resident in
Canada, to automatically reinvest monthly cash distributions paid on
their Trust Units in additional Trust Units, plus bonus Trust Units
equivalent to 3% of the distributions reinvested. The DRIP offers
unitholders the opportunity to increase their ownership in the REIT on
a regular basis without incurring any commission or brokerage fees.
Complete details on the DRIP are available at the REIT's website (www.hlpreit.com) or from a unitholder's investment advisor.
About HealthLease Properties Real Estate Investment Trust
HealthLease Properties Real Estate Investment Trust (TSX: HLP.UN) owns
one of the youngest and highest quality portfolios of seniors housing
and care facilities with 12 properties located in two provinces of
Canada and 33 properties located in seven states of the United States
for a total of 4,435 beds. The facilities are leased to experienced
tenant operators who have significant operational experience in the
U.S. and Canada. The leases are structured as long-term and triple-net:
features that provide stability and dependability to the REIT's cash
flow and distributions. The REIT's best-in-class portfolio of premier
properties meets the growing demands of modern seniors by emphasizing
features such as hotel-like design, private rooms and baths and
hospitality-inspired amenities. For more information, visit www.hlpreit.com.
SOURCE: HealthLease Properties Real Estate Investment Trust
For further information:
Executive Vice-President, Finance
HealthLease Properties REIT
(416) 815-0700 ext. 258