NorthWest Healthcare Properties Real Estate Investment Trust announces management changes

TORONTO, Sept. 16, 2016 /CNW/ - NorthWest Healthcare Properties Real Estate Investment Trust (TSX: NWH.UN) (the "REIT") announced today that Ms. Teresa Neto has announced her resignation as Chief Financial Officer ("CFO") effective September 23, 2016 to join another Canadian real estate investment trust in a similar capacity. Ms. Neto has served the REIT and its predecessor companies since October 2013.

The REIT has appointed Mr. Shailen Chande, CPA·CA, as Interim CFO and has begun a search for a permanent CFO.  Mr. Chande has been with the REIT and its predecessor companies since 2009, most recently in the capacity of Vice President, Finance & Investments.  

Paul Dalla Lana, Chief Executive Officer, said, "Teresa has made a significant contribution to the REIT, including building on the REIT's reputation for having a high standard of comprehensive financial reporting and disclosure. We all wish Teresa well with her new role".  

About NorthWest Healthcare Properties Real Estate Investment Trust

NorthWest Healthcare Properties Real Estate Investment Trust (TSX: NWH.UN) is an unincorporated, open-ended real estate investment trust established under the laws of the Province of Ontario. The REIT provides investors with access to a portfolio of high quality international healthcare real estate infrastructure comprised of interests in a diversified portfolio of 139 income-producing properties and 9.3 million square feet of gross leasable area located throughout major markets in Canada, Brazil, Germany, Australia and New Zealand. The REIT's portfolio of medical office buildings, clinics, and hospitals is characterized by long term indexed leases and stable occupancies. With a fully integrated and aligned senior management team, the REIT leverages over 180 professionals across 9 offices in 5 countries to serve as a long term real estate partner to leading healthcare operators.

SOURCE NorthWest Healthcare Properties Real Estate Investment Trust

For further information: Paul Dalla Lana, Chief Executive Officer (416) 366-8300 x1001, NorthWest Healthcare Properties REIT


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