|
 |
 |
SYS-CON.TV Webcasts
Comments
Did you read today's front page stories & breaking news?
SYS-CON.TV
|
Today's Top SOA Links
From the Wires
NorthWest Healthcare Properties Real Estate Investment Trust Announces Completion of Ontario Portfolio Acquisition
By: PR Newswire
Nov. 16, 2012 05:56 PM
TORONTO, Nov. 16, 2012 /CNW/ - NorthWest Healthcare Properties Real Estate Investment Trust (TSX: NWH.UN) (the "REIT") announced today that it has completed the previously announced acquisition from NorthWest International Healthcare Properties REIT ("NorthWest International"), formerly GT Canada Medical Properties REIT, by way of share and unit transactions and with an effective date of October 1, 2012, of a medical office property municipally known as 249 Ontario Street, Port Hope, Ontario for a purchase price of approximately $2.9 million, plus the assumption of mortgage debt of approximately $5.0 million, subject to usual adjustments. The acquisition is expected to be immediately accretive. The REIT also announced today that it has completed the previously announced acquisition from NorthWest International, by way of share and unit transactions and with an effective date of October 1, 2012, of an eleven property medical office building portfolio located in Ontario for a purchase price together with reimbursement of certain transaction costs of $37.4 million, plus assumption of mortgage debt of approximately $42.0 million, subject to usual adjustments. The purchase price and transaction costs were satisfied by a cash payment of $6,304,000 and a note in the amount of $30,000,000. The acquisition is expected to be immediately accretive. In conjunction with such closings, the REIT issued to NorthWest Operating Trust 1,746,142 REIT Units at a price of $12.3125 per Unit ($12.50 per Unit closing price on the day the aforementioned transactions were originally approved by the REIT less a 1.5% discount) for proceeds of $21.5 million.
About NorthWest Healthcare Properties Real Estate Investment Trust SOURCE NorthWest Healthcare Properties Real Estate Investment Trust
Web 2.0 Latest News
Subscribe to the World's Most Powerful Newsletters
Subscribe to Our Rss Feeds & Get Your SYS-CON News Live!
|
SYS-CON Featured Whitepapers
Most Read This Week
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
| | | | | | | | |
|
|
|
|
|
|
| | | | | | | | | | | | | | | | | | | | | | | | | | |
|
|
| SYS-CON MEDIA: | | | | |
| SYS-CON EVENTS: | | | | | |
| INTERNATIONAL SITES: | | | | | | | | | | |
 |
Terms of Use & Our Privacy Statement  About Newsfeeds / Video Feeds |
| Copyright ©1994-2008 SYS-CON Publications, Inc. All Rights Reserved. All marks are trademarks of SYS-CON Media. |
| Reproduction in whole or in part in any form or medium without express written permission of SYS-CON Publications, Inc. is prohibited. |
.gif)
It used to be called a business plan. But management-speak and a few decades of PC-fueled innovation changed that simplistic approach.
Bill Gates famously entitled his first book The Road Ahead and although this didn’t officially help coin or endorse the phrase “roadmap,” it didn’t do...
According to a recent KPMG report, SMAC, or Social, Mobile, Analytics and Cloud Computing, comprises around 80% of total ICT (Information & Communications Technology) spend. SMAC is not only promising a modern way for enterprises to leverage information technology, but it’s also revolu...
The so-called Bring Your Own Device (BYOD) phenomenon has gone hand in hand with the consumerization of IT trend. Both of which sound like strangely disconcerting and confusing terms if taken out of context or presented to a layman or novice for the first time.
Of course all we are ta...
Today’s blog post is headed back to the basics. I’ve been using and talking about APM tools for so many years sometimes it’s hard to remember that feeling of not knowing the associated terms and concepts. So for anyone who is looking to learn about APM, this blog is for you. 
Recording and maintaining good evidence of testing is growing more important all the time. The ability to document what actually happened during the development of hardware or software is vital in many industries. Medical equipment is a great example, as any failure could lead to unexp...
