TORONTO, Dec. 9, 2014 /CNW/ - NorthWest Healthcare Properties Real Estate Investment Trust (TSX: NWH.UN) (the "REIT") announced today that Colin Loudon has been appointed to the REIT's Board of Trustees. Mr. Loudon has extensive real estate experience and will join the Board as an independent trustee.
Mr. Loudon is currently Executive Vice President, Strategy at Oxford Properties Group. At Oxford he is a member of the Executive Committee and the Investment Committee and is responsible for executive oversight of debt financing, treasury operations, risk management, strategic planning and research for Oxford globally, as well as for a number of key strategic initiatives within both Oxford and its parent company, OMERS. Prior to his current role, Mr. Loudon was Chief Financial Officer at Oxford. Prior to joining Oxford in 2009, Mr. Loudon was a senior Partner and National Real Estate Industry Leader at KPMG. Mr. Loudon holds a Bachelor of Commerce degree (Honours) from Queen's University as well as Chartered Accountant and Chartered Business Valuator designations.
The REIT further announced that Mr. Michael Knowlton has resigned from the REIT's Board of Trustees. Mr. Knowlton, who has served as a trustee on the REIT's Board since June, 2011, is resigning in order to allow him to focus more time on other business and personal commitments.
Paul Dalla Lana, Chair of the Board, commented "Michael has been a strong member of the Board and his contributions and guidance will be missed. However, we are also excited to have Colin join us and contribute his experience and expertise to the future success of the REIT."
As a result of such changes, Mr. Loudon has been appointed as Chair of the Board's Audit Committee.
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