NorthWest International Healthcare Properties REIT Announces Closing of $30,001,100 Offering of Trust Units

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TORONTO, Nov. 25, 2014 /CNW/ - NorthWest International Healthcare Properties Real Estate Investment Trust (TSXV: MOB.UN) (the "REIT") announced today the closing of its previously announced offering of 13,954,000 trust units of the REIT (the "Units"), at a price of $2.15 per Unit for gross proceeds of $30,001,100 (the "Offering"). The Offering was conducted on a bought deal basis by a syndicate of underwriters co-led by National Bank Financial Inc., GMP Securities L.P. and BMO Capital Markets, acting as joint bookrunners, and including, Canaccord Genuity Corp., Scotia Capital Inc., Dundee Securities Ltd., Raymond James Ltd., Manulife Securities Incorporated, Laurentian Bank Securities Inc., Mackie Research Capital Corporation and All Group Financial Services Inc. (collectively, the "Underwriters").

The REIT has granted the Underwriters an over-allotment option exercisable at any time up to the date that is 30 days from the date of closing of the Offering to offer for sale up to an additional 2,093,100 trust units on the same terms and conditions. 

The REIT will use the net proceeds of the Offering for repayment of debt and for general trust purposes.

About NorthWest International Healthcare Properties Real Estate Investment Trust

The REIT is an unincorporated, open-ended real estate investment trust established under the laws of the Province of Ontario. The REIT's objectives are to: (i) provide its unitholders with stable and growing cash distributions from investments focused on international healthcare properties, on a tax efficient basis; (ii) enhance the value of the REIT's assets and maximize long-term unit value; and (iii) expand the asset base of the REIT.

Forward Looking Information

This news release contains "forward-looking statements" within the meaning of applicable securities laws, including the statements regarding the proposed use of the net proceeds from the Offering. 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 risk that the net proceeds from the Offering will not be used as expected. The statements in this news release are made as of the date of this release and, except as expressly required by applicable law, the REIT assumes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. 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 April 23, 2014 and audited consolidated financial statements and management's discussion and analysis for the year ended December 31, 2013, copies of which may be obtained on the SEDAR website at www.sedar.com.

These securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws and may not be offered or sold in the United States or to U.S. persons except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities laws or pursuant to an exemption therefrom. Accordingly, this news release does not constitute an offer for sale of securities in the United States.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: NorthWest International Healthcare Properties REIT

Paul Dalla Lana, CEO, [phone] ext. 1001; Teresa Neto, CFO, [phone] ext. 1002