Northwest Healthcare Properties REIT Announces Completion of Vital Management Internalization

Core Viewpoint - Northwest Healthcare Properties Real Estate Investment Trust has successfully completed the internalization of the management of Vital Healthcare Property Trust, enhancing its operational control and strategic direction [1][2]. Group 1: Transaction Details - The internalization transaction was first announced on November 9, 2025, and has now received all necessary external and regulatory approvals, leading to its closure [1]. - Upon closing, Northwest received cash consideration of NZ$214 million (approximately $170 million), which will primarily be used for debt reduction and other capital allocation priorities [2]. Group 2: Ownership and Portfolio - Following the internalization, Northwest remains the largest unitholder of Vital, holding approximately 24% of its shares [2]. - As of November 11, 2025, Northwest's portfolio includes 167 income-producing properties with a total gross leasable area of 15.7 million square feet, located in major markets across North America, Australasia, Brazil, and Europe [3]. - The portfolio is characterized by long-term indexed leases and stable occupancy rates, focusing on medical outpatient buildings, clinics, and hospitals [3]. Group 3: Strategic Focus - The company aims to strengthen its balance sheet and support long-term value creation for unitholders through the proceeds from the internalization [2]. - Northwest leverages its global workforce across eight countries to serve as a long-term real estate partner to leading healthcare operators [3].