Northwest Healthcare Properties Real Estate Investment Trust announces board changes

Jan 16, 2014, 09:20 ET from NorthWest Healthcare Properties Real Estate Investment Trust

TORONTO, Jan. 16, 2014 /CNW/ - NorthWest Healthcare Properties Real Estate Investment Trust (TSX: NWH.UN) (the "REIT") announced today that Ms. Elisabeth Stroback has been appointed to the REIT's Board of Trustees. Ms. Stroback has extensive real estate experience and will join the Board as an independent trustee.

Ms. Stroback is currently Executive Lead, Capital Projects and Real Estate for Ryerson University, in Toronto, leading the design and construction of new buildings and acquisition of future development sites. Previously through her company, Tanalex Corp., she provided advice on property development and public private partnerships to public sector organizations. Prior to 1999, Ms. Stroback was President of Hammerson Canada Inc., a commercial property development company. She is a member of the Crombie REIT Board, the Renascent Foundation Board and the Property Advisory Committee of the Hincks-Dellcrest Centre. Ms. Stroback received her Bachelor of Arts from the University of Western Ontario and Master's Degree in Economics from Queen's University, Kingston, Ontario and is Human Resources Compensation Certified (HRCC) from the Director's College.

The REIT further announced that Mr. Jan Krizan, who has taken a senior management position in Germany with NorthWest Value Partners Inc. (the REIT's founder and majority owner of the REIT's largest unitholder - NorthWest International Healthcare Properties REIT), has resigned from the REIT's Board of Trustees, effective January 15, 2014. Mr. Krizan served as a trustee on the REIT's Board since its IPO. Mr. Paul Dalla Lana and Mr. Bernard Crotty will serve as nominees of NorthWest International Healthcare Properties REIT (indirectly) on the REIT's Board going forward.

Paul Dalla Lana, Chair of the Board, commented "Jan has been a strong member of the Board, contributing to the REIT's growth and success since the IPO, and will be missed. However, we are also excited to have Elisabeth join us and contribute her 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 78 income-producing properties, with a focus on medical office buildings and healthcare real estate, comprising approximately 4.7 million square feet of gross leasable area located in British Columbia, Alberta, Manitoba, Ontario, Québec, Nova Scotia and New Brunswick.

This press release contains 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