/NOT FOR DISSEMINATION IN THE UNITED STATES./
TORONTO, May 1, 2012 /CNW/ - HealthLease Properties Real Estate Investment Trust (the "REIT") announced today that it has filed, and obtained a receipt for, a preliminary prospectus for the initial public offering of trust units (the "Units") with the securities commissions of all provinces and territories in Canada. The proposed offering is being underwritten by a syndicate of underwriters co-led by Canaccord Genuity Corp. and National Bank Financial Inc. and including BMO Nesbitt Burns Inc., CIBC World Markets Inc., Dundee Securities Ltd., GMP Securities L.P. and Raymond James Ltd.
The preliminary prospectus has not yet become final for the purpose of a distribution of securities to the public. This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale or any acceptance of an offer to buy these securities in any province or territory of Canada prior to the time a receipt for the final prospectus or other authorization is obtained from the securities commission or similar authority in such province or territory. Copies of the preliminary prospectus will be available on the website www.sedar.com.
Completion of the initial public offering is subject to and conditional upon the receipt of all necessary approvals, including regulatory approvals.
These securities have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States without registration or an applicable exemption from the registration requirements of that Act. This news release does not constitute an offer for sale of these securities in the United States of America.
This press release contains forward-looking statements which reflect the REIT's current expectations regarding future events. The forward-looking statements involve risks and uncertainties. Actual results could differ materially from those projected herein. The REIT disclaims any obligation to update these forward-looking statements.
About HealthLease Properties Real Estate Investment Trust
The REIT has been formed to own, develop and acquire seniors housing and care properties, which are leased to experienced operators. The REIT will own the land and buildings and lease them to operators on a long-term, triple-net lease basis. The operators provide and manage the service offerings available at the facilities, deliver all care services and maintain the buildings. On closing of the initial public offering, the REIT will directly or indirectly acquire a portfolio of nine seniors housing and care properties owned by a wholly owned affiliate of Mainstreet Property Group, LLC and six seniors housing and care properties owned by a subsidiary of Northern Property Real Estate Investment Trust.
The REIT's properties will be comprised of a portfolio of 12 seniors housing and care properties located in the state of Indiana and the provinces of British Columbia and Alberta and three pre-leased development properties located in the states of Indiana and Illinois, which are currently under development and are expected to be completed within 12 months following closing of the initial public offering.
For further information:
Paul Ezekiel Turner
Chief Executive Officer
HealthLease Properties Real Estate Investment Trust