HealthLease Properties Real Estate Investment Trust Announces October 2014 Distribution

TORONTO, Oct. 21, 2014 /CNW/ - HealthLease Properties Real Estate Investment Trust (the "REIT") (TSX: HLP.UN) announced today a cash distribution in the amount of $0.07083 per unit for the month of October 2014. The distribution will be payable on November 14, 2014 to unitholders of record as at October 31, 2014.

About HealthLease Properties Real Estate Investment Trust

HealthLease Properties Real Estate Investment Trust (TSX: HLP.UN) owns 52 seniors housing and health care facilities - 13 in two Canadian provinces and 39 in eight U.S. states, for a total of 5,224 beds. The REIT has entered into a contract to acquire one additional property and such acquisition is expected to close in 2014. The facilities are leased to experienced tenant operators who have significant operational experience. The leases are structured as long-term and triple-net: features that provide stability and dependability to the REIT's cash flow and distributions. The REIT's best-in-class portfolio meets the growing demands of modern seniors by emphasizing features such as hotel-like design, private rooms and baths and hospitality-inspired amenities. For more information, visit www.hlpreit.com.

SOURCE: HealthLease Properties Real Estate Investment Trust

Adlai Chester, Chief Financial Officer, HealthLease Properties REIT, [phone]; Renée Lam, Investor Relations, TMX Equicom, [phone] ext. 258