TORONTO, Aug. 16, 2012 /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 August 2012. The distribution will be payable on September 17, 2012 to unitholders of record as at August 31, 2012.
The REIT also announced today that the REIT has implemented a distribution reinvestment plan (the "DRIP") that takes effect following the above-noted distribution for those unitholders who enroll in the DRIP. Participants in the DRIP will have their cash distributions used to purchase units of the REIT and will also receive a "bonus distribution" of units equal in value to 3% of each distribution. Unitholders wishing to participate should contact their investment advisors to enroll in the DRIP.
About HealthLease Properties Real Estate Investment Trust
HealthLease Properties REIT owns a portfolio of seniors housing and care facilities, located in the Midwestern U.S. and Western Canada. The properties meet the needs of modern seniors by emphasizing features such as hotel-like design, private rooms and baths, and hospitality-inspired amenities. The facilities are leased to experienced tenant operators who have significant operational experience in both 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. For more information, visit www.hlpreit.com.
SOURCE: HealthLease Properties Real Estate Investment Trust
For further information:
Chief Financial Officer
HealthLease Properties REIT
(317) 420-0205 ext. 106
(416) 815-0700 ext. 242