NorthWest International Healthcare Properties REIT Completes $17,500,000 Bought Deal Offering of Convertible Debentures

/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES./

TORONTO, Aug. 29, 2013 /CNW/ - NorthWest International Healthcare Properties Real Estate Investment Trust (TSXV: MOB.UN) (the "REIT") announced today the closing of its previously announced offering (the "Offering") of $17.5 million aggregate principal amount of 7.50% convertible unsecured subordinated debentures (the "Debentures"), on a bought deal basis, to a syndicate of underwriters (the "Underwriters") co-led by National Bank Financial Inc. and GMP Securities L.P., acting as joint bookrunners, and including Canaccord Genuity Corp., Scotiabank, Desjardins Securities Inc., Dundee Securities Ltd. and Macquarie Capital Markets Canada Ltd.

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 $2.625 million aggregate principal amount of Debentures on the same terms and conditions.

The net proceeds from the Offering are expected to be used to fund future acquisitions, 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.  Including its investments in Vital Healthcare Property Trust (NSX:VHP) ("Vital Trust") and NorthWest Healthcare Properties Real Estate Investment Trust (TSX:NWH.UN) ("NWHP REIT"), the REIT holds interests in a portfolio of 108 income producing properties comprising approximately 6.6 million square feet of gross leasable area in Canada, Australasia, Brazil and Germany, with a focus on medical office buildings, hospitals and healthcare real estate.

Forward Looking Information

Certain statements contained in this press release may contain projections and "forward looking statements" within the meaning of that phrase under Canadian securities laws.  When used in this new release, the words "may", "would", "should", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions may be used to identify forward looking statements.  Those statements reflect the REIT's current views with respect to future events or conditions.  By their nature, forward looking statements reflect management's current views, beliefs and assumptions and are subject to certain risks and uncertainties, known and unknown, including, without limitation, risks disclosed in the short-form prospectus of the REIT dated August 23, 2013, the REIT's annual information form for the year ended December 31, 2012 and the REIT's other public filings.  Many factors could cause actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by these forward looking statements.  The REIT does not intend to nor assume any obligation to update these forward looking statements whether as a result of new information, plans, events or otherwise, unless required by law.

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.

The information concerning Vital Trust and NWHP REIT contained in this press release has been taken from, or is based upon, publicly available documents and records on file with regulatory bodies.  Although the REIT has no knowledge that would indicate that any of such information is untrue or incomplete, the REIT was not involved in the preparation of any such publicly available documents and neither the REIT, nor any of its officers or trustees, assumes any responsibility for the accuracy or completeness of such information or the failure by Vital Trust and NWHP REIT to disclose events which may have occurred or may affect the completeness or accuracy of such information but which are unknown to the REIT.

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, NorthWest International Healthcare Properties REIT
[phone] ext. 1001