NorthWest International Healthcare Properties REIT Completes $20,000,000 Bought Deal Offering of Convertible Debentures

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

TORONTO, March 25, 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 $20 million aggregate principal amount of 6.50% convertible unsecured subordinated debentures (the "Debentures"), on a bought deal basis, to a syndicate of underwriters (the "Underwriters") led by National Bank Financial Inc. and GMP Securities L.P., acting as joint bookrunners, and including Canaccord Genuity Corp., Scotiabank, Dundee Securities Ltd., Macquarie Capital Markets Canada Ltd., All Group Financial Services Inc. and Desjardins Securities Inc.

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 $3 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 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 investment in Vital Healthcare Property Trust (NSX:VHP), the REIT holds interests in a portfolio of 31 income producing properties, with a focus on internationally-located medical office buildings and healthcare real estate, comprising approximately 1.9 million square feet of gross leasable area in Australia / New Zealand, Brazil and Germany.

Forward Looking Information

Certain statements contained in this news 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 March 18, 2013, the REIT's annual information form dated March 11, 2013 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.

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