Mr. Zach Vaughan reports

NORTHWEST HEALTHCARE PROPERTIES REIT ANNOUNCES COMPLETION OF VITAL MANAGEMENT INTERNALIZATION

Northwest Healthcare Properties Real Estate Investment Trust has completed the previously announced internalization of the management of Vital Healthcare Property Trust. The transaction, first announced on Nov. 9, 2025, has received all external and regulatory approvals, and is closed.

Upon closing of the internalization, Northwest has received cash consideration of $214-million (New Zealand) (approximately $170-million (Canadian)). Net proceeds from the internalization are expected to be directed primarily to debt reduction and other capital allocation priorities to strengthen Northwest's balance sheet and support long-term value creation for unitholders.

The REIT remains Vital's largest unitholder at approximately 24 per cent following the internalization.

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 composed as at Nov. 11, 2025, of interests in a diversified portfolio of 167 income-producing properties and 15.7 million square feet of gross leasable area located throughout major markets in North America, Australasia, Brazil and Europe. 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.

We seek Safe Harbor.