Mr. Craig Mitchell reports
NORTHWEST HEALTHCARE PROPERTIES REAL ESTATE INVESTMENT TRUST ANNOUNCES SALE OF ITS REMAINING STAKE IN ASSURA PLC
Northwest Healthcare Properties Real Estate Investment Trust has sold its remaining interest in Assura PLC, totalling 163.3 million shares, through an on-market transaction for gross proceeds of approximately $139.3-million (76.8 million pounds sterling). The selling price of 47 pence per share represents a gain of over 20 per cent to the REIT's Dec. 31, 2024, IFRS (international financial reporting standards) book value. The proceeds will be used to repay debt and for general trust purposes.
The sale results in the REIT completing the disposition of its United Kingdom portfolio for total proceeds of approximately $917.3-million (514.6 million pounds sterling), which is a gain of approximately $32.3-million (14.6 million pounds sterling) relative to the price transacted at in August, 2024.
About Northwest Healthcare Properties Real Estate Investment Trust
Northwest provides investors with access to a portfolio of high-quality international health care real estate infrastructure comprised as at March 10, 2025, of interests in a diversified portfolio of 171 income-producing properties and 15.8 million square feet of gross leasable area located throughout major markets in North America, Brazil, Europe and Australasia. The REIT's portfolio of medical outpatient 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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