Mohawk Medical Properties Real Estate Investment Trust Announces Acquisition of Medical Office Building in Airdrie, AB

TORONTO, Dec. 1, 2015 /CNW/ - Mohawk Medical Properties REIT, a private real estate investment trust, announced today it has acquired a destination medical office building in the City of Airdrie, Alberta, one of Canada's fastest growing cities.

This newly renovated building is well located on Centre Avenue SW, just 2 kms from Highway 2 (a major north-south artery travelling through Calgary), providing easy access for the doctors and patients. The building is 100% medically tenanted with the Highland Primary Care Network, Calgary Lab Services and Alberta Health Services.

Mohawk Medical Management Corp. will bring its expertise in medical office building management to provide specialized professional management services to tenants and patients at the building.

The REIT has three more medical properties under contract with plans to close in the next 45 days.

About Mohawk Medical Properties REIT

Mohawk is a Toronto based private REIT specializing in healthcare real estate and committed to exceptional returns through reasonable risks. Sean Nakamoto and Andrew Shapack, whose combined track record includes 70 medical office building acquisitions, formed Mohawk in September 2012. The firm engages in acquisition, property management and asset management of Canadian medical office buildings financed through syndication to LP investors.

SOURCE Mohawk Medical Properties REIT

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