NorthWest International Healthcare Properties REIT releases fourth quarter and year-end results

TSX-V: MOB.UN

TORONTO, May 1, 2013 /CNW/ - NorthWest International Healthcare Properties REIT (the "REIT") announced today that it has released its results for the three month period and year ended December 31, 2012.

Paul Dalla Lana, CEO, commented:

"2012 was a transformational year for the REIT. A controlling interest in the REIT was acquired by NorthWest Value Partners Inc. ("NWVP"), the REIT sold its Canadian MOB Portfolio, acquired a substantial portfolio of international healthcare real estate assets, entered into management arrangements with affiliates of NWVP to facilitate a new strategic direction and was renamed NorthWest International Healthcare Properties REIT."

Our outlook for 2013 and beyond is very positive. With the strategic reconfiguration of the REIT now complete the REIT can focus on maximizing the performance of its new international assets while continuing with its ambitious growth plans.

Reader Advisory

This news release contains "forward-looking statements" within the meaning of applicable securities laws. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations, including the ability of the REIT to pay the distribution on the date specified. The statements in this news release are made as of the date of this release. Although the REIT believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, readers are cautioned not to place undue reliance on such statements due to the inherent uncertainty therein. A discussion of the risk factors applicable to the REIT is contained under the heading "Risk Factors" in the REIT's annual information form dated March 11, 2013 and audited consolidated financial statements and management's discussion and analysis for the year ended December 31, 2012, a copy of which may be obtained on the SEDAR website at www.sedar.com.

Neither the TSX Venture Exchange Inc. nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) has approved or disapproved the contents of this press release.

SOURCE NorthWest International Healthcare Properties REIT



More by this Source


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

 

PR Newswire Membership

Fill out a PR Newswire membership form or contact us at (888) 776-0942.

Learn about PR Newswire services

Request more information about PR Newswire products and services or call us at (888) 776-0942.