HealthLease Properties Real Estate Investment Trust Announces Closing of CDN$69.0 Million Equity Financing

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

TORONTO, April 11, 2013 /CNW/ - HealthLease Properties Real Estate Investment Trust ("HealthLease") (TSX: HLP.UN) today announced the closing of its previously announced public offering (the "Offering") of 6,670,000 trust units ("Units"), inclusive of 870,000 Units issued pursuant to the exercise in full of the over-allotment option, on a bought deal basis, at a price of Cdn$10.35 per Unit for total gross proceeds of Cdn$69,034,500. The Offering was conducted through a syndicate of underwriters led by Canaccord Genuity Corp., National Bank Financial Inc. and BMO Capital Markets, and including CIBC World Markets Inc., Scotia Capital Inc., Dundee Securities Ltd., GMP Securities L.P. and Raymond James Ltd. Canaccord Genuity Corp. and National Bank Financial Inc. acted as joint-bookrunners for the Offering.

HealthLease intends to use the net proceeds from the Offering to partially fund the previously announced acquisition (the "Acquisition") of 13 senior housing and care facilities located in North Carolina, Pennsylvania and Virginia totalling 978 beds, and for general trust purposes.

HealthLease's Units are listed on the Toronto Stock Exchange under the symbol HLP.UN.

About HealthLease Properties Real Estate Investment Trust

HealthLease Properties Real Estate Investment Trust (TSX: HLP.UN) owns a best-in-class portfolio of senior housing and care facilities in the United States and Canada. The facilities are leased to experienced, high-quality tenant operators who have significant operational experience. 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 portfolio of properties meets the needs 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 or www.sedar.com.

Toronto Stock Exchange - HLP.UN

Forward-Looking Information:

This press release contains forward-looking statements with respect to HealthLease and its operations, strategy, financial performance and financial condition, as well as with respect to the Acquisition. These statements generally can be identified by the use of forward-looking words such as "forecast", "may", "will", "would", "expect", "estimate", "anticipate", "intend", "believe" or "continue" or the negative thereof or similar variations. The actual results and performance of HealthLease and the properties it intends to acquire in connection with the Acquisition discussed herein could differ materially from those expressed or implied by such statements. See the risk factors in the public filings of HealthLease. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Some important factors that could cause actual results to differ materially from expectations include, among other things, general economic and market factors, competition, the failure to receive any required approvals or consents in connection with the Acquisition or the failure to satisfy or waive any other condition to the closing of the Acquisition, the failure of HealthLease to realize expected benefits from the Acquisition, the failure of HealthLease to satisfy the conditions required to replace its current operating line of credit or otherwise complete that previously announced transaction, the performance of the properties acquired in connection with the Acquisition generally, and changes in securities or other laws or regulations or the application thereof. The cautionary statements qualify all forward-looking statements attributable to HealthLease and persons acting on its behalf. The assumptions made in making forward-looking statements are referred to in the public filings of HealthLease. The assumptions made in making forward-looking statements in this press release also include the assumption that HealthLease will be in a position to satisfy the conditions in respect of the Acquisition and the replacement of its current operating line and complete those transactions. Unless otherwise stated, all forward-looking statements speak only as of the date of this press release. Except as required by applicable law, HealthLease specifically disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future developments or otherwise. Additional information about these assumptions and risks and uncertainties is contained in HealthLease's filings with securities regulators, including its latest annual information form and MD&A. These filings are also available at HealthLease's website at www.hlpreit.com.

SOURCE: HealthLease Properties Real Estate Investment Trust

Adlai Chester
Chief Financial Officer
HealthLease Properties REIT
[phone] ext. 106

Salvador Diaz
Investor Relations
TMX Equicom
[phone] ext. 242