Mr. Dale Klein reports

NORTHWEST HEALTHCARE PROPERTIES REIT ANNOUNCES CEO CRAIG MITCHELL'S PLANNED RETIREMENT IN MID-2025 AND COMMENCES SEARCH FOR SUCCESSOR

Northwest Healthcare Properties Real Estate Investment Trust's chief executive officer, Craig Mitchell, has advised the board of his intention to retire in mid-2025. The REIT has commenced a recruitment search, assisted by a professional executive recruitment firm and led by the board's compensation, governance and nominating committee, to ensure a seamless transition and on-boarding of Mr. Mitchell's successor.

Since joining Northwest over seven years ago, initially leading the Australian and New Zealand business to become the largest health care REIT in market, he expanded his role as global president in charge of property in all markets. He assumed the CEO position in August, 2023, and steered the REIT through its recently concluded strategic review process.

Mr. Mitchell will continue as CEO through second quarter 2025, focusing on executing the REIT's new strategy, further strengthening the balance sheet, simplifying the business and ensuring a smooth leadership transition. Following his retirement, Mr. Mitchell will remain on the board of New Zealand Stock Exchange-listed Vital Healthcare Property Trust as a Northwest Healthcare representative throughout 2025 to support continuity in the Australasia region.

Board chair Dale Klein commented: "Craig has shown outstanding leadership at Northwest, navigating the REIT through a comprehensive strategic review, spearheading significant transactions and strengthening our leadership team. His dedication, including an extensive travel schedule, has been integral to our success. The board greatly appreciates Craig's commitment and the platform he has established. We look forward to his ongoing contributions through 2025 and a smooth transition in leadership."

"One of the key reasons for my decision to retire in mid-2025 is my expectation that our turnaround will be completed by then, allowing for a smooth transition to new leadership. I've had the privilege of working with many incredible people during my time at Northwest and am deeply proud of the health care business we've built together. I'm also thankful to our unitholders who have supported us through many changes and believe in the long-term value of our business. With a strong leadership team in place, Northwest is well positioned for continued success."

About Northwest Healthcare Properties Real Estate Investment Trust

Northwest Healthcare provides investors with access to a portfolio of high-quality international health care real estate infrastructure composed as at Aug. 13, 2024, of interests in a diversified portfolio of 186 income-producing properties and 16.1 million square feet of gross leasable area located throughout major markets in North America, Brazil, Europe and Australasia. The REIT's portfolio of medical office buildings, clinics and hospitals is characterized by long-term indexed leases and stable occupancies. Northwest Healthcare leverages its global work force in eight countries to serve as a long-term real estate partner to leading health care operators.

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