NORTHWEST HEALTHCARE PROPERTIES REAL ESTATE INVESTMENT TRUST ANNOUNCES
ACQUISITION OF PETERBOROUGH MEDICAL OFFICE BUILDING

TORONTO, Nov. 5 /CNW/ - NorthWest Healthcare Properties Real Estate Investment Trust (TSX: NWH.UN) (the "REIT") announced today it has entered into an agreement to acquire the Alexander Medical Building, located in Peterborough, Ontario. The purchase is expected to close in the fourth quarter of 2010, subject to customary closing conditions, and is expected to be immediately accretive.

Alexander Medical Building is prominent in its market with a location near the recently-built Peterborough Regional Hospital. It is a 30,500 square foot, multi-tenant medical building that is 95% occupied with a strong tenancy mix which includes: specialist physicians, general practitioners, a diagnostic imaging facility, a blood laboratory, a pharmacy and other medically-related tenants.

Alexander Medical Building will be the REIT's twentieth asset in the Ontario Region, and its first acquisition in the City of Peterborough, the regional hub of east-central Ontario.

The total purchase price is expected to be approximately $8.6 million, subject to adjustments, which represents approximately an 8% capitalization rate applied to the in-place annual net operating income from the property, which includes income from paid parking which is already in place at the property. The REIT's equity investment will be funded from existing resources. The property will be acquired free and clear of any mortgages.

In addition, the investment has the potential for value enhancement since the REIT believes that the site can accommodate an expansion of approximately 6,000 square feet of gross leasable area.

This investment is the REIT's fifth announced acquisition since its initial public offering on March 25, 2010. The REIT believes that the Alexander Medical Building acquisition will further solidify its market leadership in the medical office building and healthcare real estate asset class and its position as "Canada's Healthcare Landlord".

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 48 income-producing properties, with a focus on medical office buildings and healthcare real estate, comprising approximately 3.0 million square feet of gross leasable area located in British Columbia, Alberta, Ontario, Québec, Nova Scotia and New Brunswick.

Forward-Looking Information

This press release may contain forward-looking statements with respect to the REIT, its operations, strategy, financial performance and condition. These statements generally can be identified by use of forward-looking words such as "may", "will", "expect", "estimate", "anticipate", "intends", "believe", or "continue" or the negative thereof or similar variations. The REIT's actual results and performance discussed herein could differ materially from those expressed or implied by such statements. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations, including that the transactions contemplated herein are not completed. Important factors that could cause actual results to differ materially from expectations include, among other things, general economic and market factors (including changes in interest rates), competition, changes in government regulations, the performance of the acquired property, and the factors described under "Risk Factors" in the Short Form Prospectus dated October 22, 2010, including the risks and uncertainties set out in the Management Discussion and Analysis dated August 12, 2010 for the quarter ending June 30, 2010 included by reference therein, which are available on www.sedar.com. These cautionary statements qualify all forward-looking statements attributable to the REIT and persons acting on its behalf. Unless otherwise stated, all forward-looking statements speak only as of the date of this press release, and, except as expressly required by applicable law, the REIT assumes no obligation to update such statements. Certain statements included in this news release may be considered "financial outlook" for purposes of applicable securities laws, and such financial outlook may not be appropriate for purposes other than this news release.

"Capitalization rate", "AFFO" and "Net operating income" (or NOI) are not measures recognized under Canadian generally accepted accounting principles ("GAAP") and do not have any standardized meanings prescribed by GAAP. Capitalization rate and NOI are presented in this press release because management of the REIT believes that these non-GAAP measures are relevant in interpreting the purchase price of the property being acquired. Capitalization rate, and NOI, as computed by the REIT, may differ from similar computations as reported by other similar organizations and, accordingly, may not be comparable to capitalization rate and NOI reported by such organizations. For additional information regarding each of the foregoing non-GAAP measures, including the definitions thereof, refer to pages 5, 9, 12 and 18 of the REIT's management's discussion and analysis for the three months ended June 30, 2010, a copy of which is filed on www.sedar.com.

For further information: Mike Brady, Senior Vice President, NorthWest Healthcare Properties Real Estate Investment Trust, [phone] ext. 243, or www.nwhp.ca