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NORTHWEST HEALTHCARE PROPERTIES REAL ESTATE INVESTMENT TRUST ANNOUNCES IT HAS AGREED TO SETTLE LITIGATION WITH AUSTRALIAN UNITY FUNDS MANAGEMENT LIMITED AND VARIOUS DEXUS ENTITIES
NORTHWEST HEALTHCARE PROPERTIES REAL ESTATE INVESTMENT TRUST ANNOUNCES IT HAS AGREED TO SETTLE LI...
About this update from Vital Infrastructure Property Trust
[{"type":"text","content":"\n \n \n \n NORTHWEST HEALTHCARE PROPERTIES REAL ESTATE INVESTMENT TRUST ANNOUNCES IT HAS AGREED TO SETTLE LITIGATION WITH AUSTRALIAN UNITY FUNDS MANAGEMENT LIMITED AND VARIOUS DEXUS ENTITIES\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n TORONTO\n \n \n ,\n \n \n July 10, 2023\n \n \n /CNW/ - Northwest Healthcare Properties Real Estate Investment Trust (the \"REIT\" or \"Northwest\") (TSX: NWH.UN), announces that the parties to the litigation commenced by Northwest against Australian Unity Funds Management Limited (\"AUFM\") as responsible entity of the Australian Unity Healthcare Property Trust (\"AUHPT\"), Australian Unity entities and various Dexus entities, have agreed to settle the litigation.\n \n \n AUFM and other Australian Unity entities have agreed to work in good faith to assist Northwest and its affiliates to divest their units in AUHPT by\n \n 31 December 2023\n \n .\n \n \n \n About Northwest Healthcare Properties Real Estate Investment Trust\n \n \n \n Northwest Healthcare Properties Real Estate Investment Trust (TSX: NWH.UN) (Northwest) is an unincorporated, open-ended real estate investment trust established under the laws of the Province of\n \n Ontario\n \n . As at\n \n March 31, 2023\n \n , the REIT provides investors with access to a portfolio of high-quality international healthcare real estate infrastructure comprised of interests in a diversified portfolio of 233 income-producing properties and 18.6 million square feet of gross leasable area located throughout major markets in\n \n Canada\n \n ,\n \n the United States\n \n ,\n \n Brazil\n \n ,\n \n Europe\n \n ,\n \n Australia\n \n and\n \n New Zealand\n \n . The REIT's portfolio of medical office buildings, clinics, and hospitals is characterized by long-term indexed leases and stable occupancies. With a fully integrated and aligned senior management team, the REIT leverages over 300 professionals in ten offices in eight countries to serve as a long-term real estate partner to leading healthcare operators.\n \n \n \n Forward Looking Information\n ...