TORONTO, Aug. 6, 2012 /PRNewswire/ -- HealthLease Properties REIT will open the market of the Toronto Stock Exchange Wednesday morning to celebrate the listing and trading of HealthLease REIT shares. Common shares of the REIT commenced trading on the TSX Exchange June 20, 2012, under the ticker symbol "HLP.UN."
Cicero, Indiana-based senior housing and care developer Mainstreet Property Group, LLC, led by chairman & CEO Zeke Turner, indirectly holds an interest in the REIT through the ownership of Class B limited partnership units of a subsidiary of the REIT.
"The aging of the North American population combined with a lack of new construction starts has created a significant need for more seniors housing and care facilities, especially for those properties that meet the high standards of today's seniors," Turner said. "Our portfolio of best-in-class facilities and our differentiated business model uniquely positions HealthLease to capitalize on this opportunity, while still delivering stable, reliable distributions and strong growth potential.
"The HealthLease Properties REIT team is thrilled to participate in Wednesday's opening of the Toronto Stock Exchange," Turner concluded.
Turner will be joined by members of management and the HealthLease REIT Board to open the market.
Video and photos of the opening will be available by 11 am on Wednesday morning.
About HealthLease Properties Real Estate Investment Trust
HealthLease Properties REIT owns a portfolio of seniors housing and care facilities, located in the Midwestern U.S. and Western Canada. The properties meet the needs of modern seniors by emphasizing features such as hotel-like design, private rooms and baths, and hospitality-inspired amenities. The facilities are leased to experienced tenant operators who have significant operational experience in both the U.S. and Canada. The leases are structured as long-term and triple-net, features that provide stability and dependability to the REIT's cash flow and distributions. For more information, visit www.hlpreit.com.
About Mainstreet Property Group
Providing healthcare for a variety of short-term and long-term needs, Cicero, Indiana, based Mainstreet Property Group offers guests concierge-based health care in a hotel-like atmosphere. Mainstreet's Next Generation™ design includes multiple social destinations, restaurant-style dining, spacious private rooms and baths, and therapy/wellness. Mainstreet was named to the Inc. 500/5000 list of fastest-growing companies in both 2010 and 2011. It has been listed as the third-fastest growing private company in the area by the Indianapolis Business Journal and one of 41 "Companies to Watch" in the state by the Indiana Economic Development Corporation, Purdue University and the Edward Lowe Foundation. For additional information, visit www.mainstreetcap.net.
Contact: Kate Snedeker
SOURCE Mainstreet Property Group