TORONTO, Aug. 19, 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 August 2014. The distribution will be payable on September 15, 2014 to unitholders of record as at August 29, 2014.
The REIT has also announced that the REIT's Distribution Reinvestment Plan ("DRIP") has been terminated, with the effect that no DRIP units will be issued on September 15, 2014.
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 52 properties - 13 in two Canadian provinces and 35 in eight U.S. states, for a total of 5,224 beds. The facilities are leased to experienced 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 best-in-class portfolio 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:
Chief Financial Officer
HealthLease Properties REIT
(416) 815-0700 ext. 258