TORONTO, Oct. 8, 2014 /CNW/ - NorthWest Healthcare Properties Real Estate Investment Trust (TSX: NWH.UN) (the "REIT") announced today that Mr. Brian Petersen has been appointed to the REIT's Board of Trustees. Mr. Petersen has extensive capital markets experience and will join the Board as an independent trustee.
Mr. Petersen is currently an independent financial consultant and merchant banker based in Calgary, Alberta. Previously, he has been an investment banker for over 23 years and held executive-level roles in financial advisory and investment banking, including as a Managing Director at RBC Capital Markets. He has extensive experience with royalty and income trusts and has been a board member of several private and public companies. Mr. Petersen received his Bachelor of Commerce, Finance from the Sauder Business School at the University of British Columbia and later received his Chartered Financial Analyst (CFA) designation. He is also active with the United Way as well as other community-based organizations.
The REIT further announced that Ms. Elisabeth Stroback has resigned from the REIT's Board of Trustees, effective October 6, 2014. Ms. Stroback, who has served as a trustee on the REIT's Board since January, 2014, is resigning in order to allow her to focus more time on other work and personal commitments.
Paul Dalla Lana, Chair of the Board, commented, "Elisabeth has been a strong member of the Board and her guidance and input will be missed. However, we are also excited to have Brian join us and contribute his experience and expertise to the future success of the REIT."
About NorthWest Healthcare Properties Real Estate Investment Trust
NorthWest Healthcare Properties Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under the laws of the Province of Ontario. The REIT holds a portfolio of 74 income-producing properties, with a focus on medical office buildings and healthcare real estate, comprising approximately 4.6 million square feet of gross leasable area located in British Columbia, Alberta, Manitoba, Ontario, Québec, Nova Scotia and New Brunswick.
This press release may contain 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.
SOURCE: NorthWest Healthcare Properties Real Estate Investment Trust
For further information: Peter Riggin, Chief Executive Officer, (416) 601-3220, NorthWest Healthcare Properties REIT, www.nwhp.ca