- NorthWest Healthcare Properties Real Estate Investment Trust (NWH.UN) has announced a bought-deal public offering for gross proceeds of approximately $150 million
- The REIT has also agreed to sell 1,086,955 trust units to NorthWest Value Partners Inc. (NWVP) on a private placement basis for gross proceeds of approximately $15 million
- The public offering is expected to close on or about March 31, and the private placement is expected to close in May
- Net proceeds of the offering to acquire a portfolio of US healthcare real estate
- NorthWest Healthcare Properties REIT provides investors with access to a portfolio of income-producing healthcare real estate in Canada, Brazil, Europe, Australia and New Zealand
- NorthWest Healthcare Properties REIT (NWH.UN) opened trading at C$14.27 per share
NorthWest Healthcare Properties Real Estate Investment Trust (NWH.UN) has announced a bought-deal public offering for gross proceeds of approximately $150 million.
The REIT will issue up to 10,870,000 trust units at a price of $13.80 per unit. The offering is being co-led by Scotiabank and RBC Capital Markets.
The REIT has also granted the underwriters the option to purchase up to an additional 1,630,500 units to cover over-allotments exercisable anytime up to 30 days following the closing of the offering.
The REIT has also agreed to sell 1,086,955 trust units to NorthWest Value Partners Inc. (NWVP) on a non-brokered private placement basis for gross proceeds of approximately $15 million.
Net proceeds of the offering to acquire a portfolio of US healthcare real estate. The remaining proceeds will be used to fund future acquisitions, to repay amounts outstanding on its credit facilities and for general trust purposes.
The public offering is expected to close on or about March 31, and the private placement is expected to close in May.
NorthWest Healthcare Properties REIT provides investors with access to a portfolio of 224 income-producing properties and over 17.6 million square feet of gross leasable area located throughout major markets in Canada, Brazil, Europe, Australia and New Zealand.
NorthWest Healthcare Properties REIT (NWH.UN) opened trading at C$14.27 per share.