Mr. Paul Lana reports
NORTHWEST HEALTHCARE PROPERTIES REAL ESTATE INVESTMENT TRUST ANNOUNCES IT HAS AGREED TO SETTLE LITIGATION WITH AUSTRALIAN UNITY FUNDS MANAGEMENT LIMITED AND VARIOUS DEXUS ENTITIES
The parties to the litigation commenced by Northwest Healthcare Properties Real Estate Investment Trust against Australian Unity Funds Management Ltd. (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.
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 Dec. 31, 2023.
About Northwest Healthcare Properties Real Estate Investment Trust
Northwest is an unincorporated, open-ended real estate investment trust established under the laws of the Province of Ontario. As at March 31, 2023, the REIT provides investors with access to a portfolio of high-quality international health care real estate infrastructure comprising 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 Canada, the United States, Brazil, Europe, Australia and New Zealand. 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 10 offices in eight countries to serve as a long-term real estate partner to leading health care operators.
We seek Safe Harbor.
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