TORONTO, Feb. 18, 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 February 2014. The distribution will be payable on March 17, 2014 to unitholders of record as at February 28, 2014.
Unitholders can participate in the REIT's Distribution Reinvestment Plan ("DRIP"). The DRIP allows unitholders of the REIT, who are resident in Canada, to automatically reinvest monthly cash distributions paid on their Trust Units in additional Trust Units, plus bonus Trust Units equivalent to 3% of the distributions reinvested. The DRIP offers unitholders the opportunity to increase their ownership in the REIT on a regular basis without incurring any commission or brokerage fees. Complete details on the DRIP are available at the REIT's website (www.hlpreit.com) or from a unitholder's investment advisor.
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 12 properties located in two provinces of Canada and 33 properties located in seven states of the United States for a total of 4,435 beds. The facilities are leased to experienced tenant operators who have significant operational experience in 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. The REIT's best-in-class portfolio of premier properties 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:
Executive Vice-President, Finance
HealthLease Properties REIT
(416) 815-0700 ext. 258