Mr. Craig Mitchell reports

NORTHWEST HEALTHCARE PROPERTIES REIT COMPLETES SIGNIFICANT LEASE ACTIVITY IN BRAZIL AND LISTS PROPERTY FOR SALE

Northwest Healthcare Properties Real Estate Investment Trust has successfully renewed the lease at Sabara Hospital, resolving the REIT's only major 2025 lease maturity. Additionally, the REIT has listed Sabara Hospital for sale and finalized lease extensions at two other properties in Brazil, tenanted by Rede D'Or. These leasing activities extend the weighted average lease expiry (WALE) of the REIT's Brazil portfolio to 18.2 years with fully inflation-indexed leases.

Sabara Hospital renewal

Sabara Hospital Infantil, Sao Paulo's leading children's hospital, spans approximately 157,000 square feet and includes 110 beds and 13 surgical suites. The hospital is 100 per cent leased to Sabara Hospital, with the lease fully guaranteed by the Sabara Hospital Foundation.

The lease was renewed for a 10-year term, with a 10-year renewal option, at passing rent, and is subject to inflationary increases.

Following the completion of the lease renewal, the REIT has listed Sabara Hospital for sale with CBRE Sao Paulo.

Rede D'Or extensions

The REIT has secured early lease renewals at Hospital Sao Luiz Morumbi and Hospital Maternidade Brasil, thereby extending the lease terms for both properties to 23.7 years. The properties, both located in Sao Paulo, totalling approximately 706,000 square feet, are leased to Rede D'Or, the largest private hospital operator in Brazil.

The Rede D'Or lease extension and the Sabara 10-year renewal improve the long-term lease maturity profile of the Brazil portfolio, extending the WALE to 18.2 years.

About Northwest Healthcare Properties Real Estate Investment Trust

Northwest Healthcare Properties provides investors with access to a portfolio of high-quality international health care real estate infrastructure comprising, as at Aug. 13, 2024, 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 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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