TORONTO, Jan. 16, 2014 /CNW/ - NorthWest Healthcare Properties Real
Estate Investment Trust (TSX: NWH.UN) (the "REIT") announced today that
Mr. Ernie Spraggs has announced his pending retirement from his
position as Chief Financial Officer ("CFO"). Mr. Spraggs' retirement,
however, allows for a transition period that will extend to May, 2014.
The REIT will begin a search for a replacement CFO immediately, and
then transition the successful candidate into the position. Mr. Spraggs
has served the REIT since its initial public offering ("IPO") in March,
The REIT also announced that Mr. Mike Brady, formerly Senior Vice
President, has been promoted to the position of Executive Vice
President. Mr. Brady will continue to also act as General Counsel and
Secretary for the REIT.
Peter Riggin, Chief Executive Officer, said, "Ernie has made a
significant contribution to the REIT, including influencing our
strategic direction and establishing the REIT's reputation for having a
very high standard of comprehensive financial reporting and disclosure.
We all wish Ernie well with his transition into retirement."
Peter Riggin further stated, "Mike has been providing strategic
direction as part of the REIT's executive leadership team since well
before the IPO, and his new position better reflects his
responsibilities within the REIT."
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 78 income-producing properties, with a focus on medical office
buildings and healthcare real estate, comprising approximately 4.7
million square feet of gross leasable area located in British Columbia,
Alberta, Manitoba, Ontario, Québec, Nova Scotia and New Brunswick.
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
results could differ materially from those projected herein. The REIT
disclaims any obligation to update these forward-looking statements.
SOURCE: NorthWest Healthcare Properties Real Estate Investment Trust
For further information:
Peter Riggin, Chief Executive Officer (416) 601-3220, NorthWest Healthcare Properties REIT, www.nwhp.ca