$1.2 billion australian hospital portfolio acquisition...1 disclaimer this presentation contains...

$1.2 Billion Australian Hospital Portfolio Acquisition

January 31, 2019

1

DISCLAIMER

This presentation contains forward-looking statements. These statements generally can be identified by the use of words such as “plans”, “expects”, “is expected to,” “does not expect”, “scheduled”, “estimates”, “intends”, “anticipates”, “does not anticipate”, “projects”, “believes”, or variations of such words and phrases or statements to the effect that certain actions, events or results “may”, “will”, “could”, “would”, “might”, “occur”, “be achieved”, or “continue” and similar expressions identify forward-looking statements. Some of the specific forward-looking statements in this presentation, include, but are not limited to, statements with respect to the completion of the proposed acquisition, the financing of the proposed acquisition, the anticipated timing of the closing of the proposed acquisition, the extent to which the acquisition is expected to generate AFFO and be accretive, pro forma NOI, WALE, occupancy and other property metrics.

Forward-looking statements are necessarily based on a number of estimates and assumptions that, while considered reasonable by management as of the date hereof, are inherently subject to significant business, economic and competitive uncertainties and contingencies. The REIT’s estimates, beliefs and assumptions, which may prove to be incorrect, include the various assumptions set forth herein, including, but not limited to, all conditions to closing the acquisition being satisfied or waived, the acquisition portfolio performing as expected, funding being obtained as expected to complete the acquisition and that currency exchange rates remain consistent.

When relying on forward-looking statements to make decisions, the REIT cautions readers not to place undue reliance on these statements, as forward-looking statements involve significant risks and uncertainties and should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not the times at or by which such performance or results will be achieved. A number of factors could cause actual results to differ, possibly materially, from the results discussed in the forward-looking statements, including but not limited to those factors discussed under “Risk Factors”.

Certain statements included in this presentation may be considered a “financial outlook” for purposes of applicable Canadian securities laws, and as such, the financial outlook may not be appropriate for purposes other than presentation. All forward-looking statements in this presentation are made as of the date hereof. Except as expressly required by applicable law, the REIT assumes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. All forward-looking statements in the presentation are qualified by these cautionary statements.

Certain information concerning Healthscope and Brookfield contained in this presentation has been taken from, or is based upon, publicly available documents and records on file with regulatory bodies. Although the REIT has no knowledge that would indicate that any of such information is untrue or incomplete, the REIT was not involved in the preparation of any such publicly available documents and neither the REIT, nor any of their officers or trustees, assumes any responsibility for the accuracy or completeness of such information or the failure by such entities to disclose events which may have occurred or may affect the completeness or accuracy of such information but which are unknown to the REIT.

Funds from operations (“FFO”), adjusted funds from operations (“AFFO”), net operating income (“NOI”) and net asset value (“NAV”) are not measures recognized under International Financial Reporting Standards (“IFRS”) and do not have standardized meanings prescribed by IFRS. FFO, AFFO, NOI, and NAV are supplemental measures of a real estate investment trust’s performance and the REIT believes that FFO, AFFO, NOI, and NAV are relevant measures of its ability to earn and distribute cash returns to unitholders. The IFRS measurement most directly comparable to FFO, AFFO and NOI is net income. The IFRS measurement most directly comparable to NAV is net equity. A reconciliation of NAV, NOI, FFO, AFFO and Normalized AFFO to net income is presented in the REIT’s management’s discussion and analysis of financial condition and results of operations of the REIT for the period ended September 30, 2018, as filed on SEDAR.

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On November 12, 2018, Healthscope Limited (“HSO” or “Healthscope”) announced that Brookfield had been granted access to a period of exclusive due diligence (ending December 21st) following receipt of a revised proposal, which was subsequently extended to January 18,2019

On January 31, 2019, Healthscope announced that it had entered into a Scheme Implementation Deed with Brookfield to support the Brookfield led acquisition

Latest Brookfield proposal waives due diligence conditions and is fully funded

Under the terms of the Implementation Deed, Brookfield is seeking to acquire Healthscope by way of a scheme of arrangement (“Scheme”) or an off-market takeover offer (“Takeover Offer”)

Takeover Offer is subject to a 50.1% minimum acceptance and is conditional on the Scheme being unsuccessful

The transaction is expected to close Q2-19

In conjunction with the HSO M&A transaction, Brookfield has agreed to enter into sale and leaseback arrangements on 22 of HSO’s freehold properties

NWH has agreed to acquire 11 of the 22 sale properties on a long term, quadruple net, sale leaseback basis valued at $1.2BN, representing a 5.0% initial cap rate (the “Portfolio”)

The property sales are contingent upon the successful completion of either of Brookfield’s Scheme of Arrangement or Takeover Offer

SITUATION UPDATE

NWH HAS AGREED TO ACQUIRE A PORTFOLIO OF 11 HSO PROPERTIES ON A LONG TERM, QUADRUPLE NET, SALE LEASEBACK BASIS VALUED AT $1.2BN

HSO:ASX A$m

Scheme offer price $2.50

Shares outstanding1 1,741

Market Cap 4,353

Net debt 1,343

Enterprise value 5,696

HSO CAPITALIZATION

Notes:(1) Per 3B disclosure dated November 15, 2018

All dollar values in this presentation are in Canadian dollars. Unless otherwise noted Australian dollar values have been converted into Canadian dollars using an illustrative exchange rate of $1.00CAD = $1.05AUD.

33

59%20%

13%

4% 4%

100%

Australia

QLD

VIC NSW

SANT

CORE HEALTHCARE INFRASTRUCTURE IN MAJOR MARKETS

ACQUISITION METRICS

REGIONS

57OPERATING THEATRES

DEEPENS EXISTING RELATIONSHIP

NOI DIVERSIFICATION2

Transformational 11 property, $1.2BN transaction solidifies the REIT as the leader in Australian healthcare real estate Highly complimentary to NWH’s existing portfolio Deepens relationship with Australia’s 2nd largest

private operator

Excellent risk adjusted returns from long term “absolute quadruple net” lease structure, 2.5% annual fixed rent increases strong 2.2x EBITDAR coverage on new 20 year leases

~$525M pipeline of brownfield developments and capital projects with attractive development spreads of 100 bps

Expected to be immediately accretive to Q3 2018 reported annualized AFFOPU

1,539BEDS

11PROPERTIES ACQUIRED

100%OCCUPANCY

2.5%ANNUAL RENT INDEXATION

20YEAR WALE

INVESTMENT HIGHLIGHTS

INITIAL RENT

$1.2BNACQUISITION PRICE

5.0%CAP RATE1

$60M

MELBOURNE CLINIC

N O R W E S T

71%

15%

15%

100%

Hospital

Psychiatric

Rehabilitation

General Surgical

ASSET MIX

Notes:(1) Based on purchase price excluding transaction costs(2) Based on base rent at completion

BRISBANEP R I V AT E

New cast le Pr iva te

4

Healthscope is Australia’s second largest private hospital operator and a leading provider of pathology services in New Zealand, Malaysia and Singapore

HEALTHSCOPE OVERVIEW

THE REIT EXPECTS TO MAINTAIN EBITDAR COVERAGE IN EXCESS OF 2.2X IN THE IMMEDIATE TERM Hospitals

Specialist healthcare services, Including acute care, rehabilitation and mental health services

43 private hospitals across all Australian states and territories:

30 hospitals provide acute care treatments

7 dedicated hospitals for health treatment

6 facilities provide dedicated rehabilitation

Includes the Northern Beaches Hospital (“NBH”), which operates under a NSW Government contract

NBH is Single private hospital with public funding that treats private and public patients

A$1,783M

A$345MRevenue FY18A

Operating EBITDA FY18A

New Zealand Pathology

24 pathology laboratories and 145 collection centres operating in New Zealand

Healthscope has contracts with 12 District Health Boards (“DHBs”) in New Zealand, covering 75% of New Zealand’s population

Community pathology services in New Zealand operate under 3 Healthscope brands: Labtests, Southern Community Laboratories and Northland Pathology

The sole pathology provider in the South Island

Additional services offered include veterinary and analytical pathology for the corporate and private market

A$240M

A$58MRevenue FY18A

Operating EBITDA FY18A

Corporate

Head office and shared service functions including Finance, Payroll, legal, IT and HR

Includes all governance functions Healthscope, including the Board, Executive team and associated functions for public listing obligations and compliance

Hospitals New Zealand Pathology

84%

16%

% of FY18A operating EBITDA1

% of FY18A operating EBITDA1

Notes:(1) Excluding corporate

5

NSW53%

VIC21%

QLD12%

NT10%

SA4%

General Surgical

100%NSW55%

VIC7%

QLD26%

NT12%

General Surgical

67%

Rehabilitation19%

Psychiatric14%

HEALTHSCOPE PROPERTY ACQUISITION PORTFOLIO

The Portfolio acquired represents half of Healthscope’s freehold hospital property assets and generated ~32% of Healthscope’s FY18 Hospital Operating EBITDA

Notes:(1) As at 10 October 2018(2) Main theatres (i.e. excludes procedure rooms and day theatres)

Portfolio locations Portfolio breakdown1

Post acquisition, Healthscope will become NorthWest’s largest tenant, contributing ~16% of pro forma consolidated gross rent

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23

1 1

Acute

Rehabilitation

Psychiatric

No. of freehold hospitals

No. of licensed beds1

No. of operating theatres1,2

11 1,539 57

Western Australia

Northern Territory

Queensland

New South Wales

Victoria

Licensed beds by location Licensed beds by hospital type

Operating theatres2 by location Operating theatres2 by hospital type

1,539

57

1,539

57

1

South Australia

1

6

Australasia53%

Canada21%

Brazil16%

Europe10%Australasia

43%

Canada26%

Brazil19%

Europe12%

Hospitals62%MOBs

38%

Hospitals51%MOBs

49%

Acquisition will increase hospital weighting by ~11% to 62% and decrease weighting from MOBs / other to 38%

Post acquisition 2,3

Further increases exposure to attractive Australian market

NOI BY REGION ASSET COMPOSITION BY INVESTMENT PROPERTY VALUE

GROUP PORTFOLIO METRICS3 NORTHWEST’S AUSTRALASIAN EXPOSURE3

Further improves key portfolio metrics C$ on a consolidated basis

NWH Existing ANZ HSO assets Proforma

platform

InvestmentProperties $2.0bn $1.2bn $3.2bn

Development Pipeline ~$200M ~$525M ~$725M

Properties 59 11 70

Occupancy5 99.1% 100.0% 99.4%

WALE (years)5 17.0 20.0 18.1

CORPORATE IMPACT: PROFORMA PORTFOLIO METRICS

Current1 Post acquisition 1,3

Notes:(1) Q3 18 NOI for the 3 months ending 30 September 2018 (annualised)(2) 30 September 2018 adjusted for 3 post balance date German acquisitions by value(3) Shown on a 100% consolidated basis and excluding committed and un-deployed capital(4) NWH ANZ platform includes Vital Trust shown on a consolidated basis and Australia REIT shown at proportionate ownership for the Seed Portfolio(5) Occupancy and WALE weighted by investment property value

Current2

WALE (years) % of rent inflation indexedOccupancy (%)

96.3% 96.7%

NWH Pro forma

12.7 13.5

NWH Pro forma

73.4% 85.9%

NWH Pro forma

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Hospitals82%

MOBs18%

Hospitals72%

MOBs28%

WESTERN AUSTRALIA

NORTHERNTERRITORY

QUEENSLAND

SOUTH AUSTRALIA

NEW SOUTH WALES

VICTORIA

TASMANIA

3

4

10

17

12

1

~$3.2BN portfolio of healthcare real estate comprised of 70 properties in Australia and New Zealand

NEW ZEALAND

12

AUSTRALIA

Occupancy WALE

of rents have structured reviews

99.4% 18.1 yr

96.2%

Diversified Portfolio

Strong Pro Forma Portfolio Metrics

NWH Existing ANZ Platform1

NORTHWEST AUSTRALASIAN PORTFOLIO IMPACT

Map Legend:NWH Existing ANZ PlatformHealthscope properties acquired

1

6

2

1

1

ProformaANZ Platform1

Notes:(1) Weighted by investment property value as at PF 30 September 2018

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FINANCIAL IMPACT

THE HSO PORTFOLIO ACQUISITION PRESENTS BOTH IMMEDIATE AFFO ACCRETION AS WELL AS LONG TERM NAV GROWTH

INITIAL AFFOPU ACCRETION OF ~$0.061 TO Q3-18 REPORTED ANNUALIZED AFFOPU, DRIVEN BY LEVEL OF NWH TARGET OWNERSHIP WHICH IS EXPECTED TO RANGE BETWEEN 25% AND 30%

ATTRACTIVE PROPERTYFUNDAMENTALS

FUNDING PLAN IN PLACE

LEVERAGING EXISITING CAPITAL RELATIONSHIPS

5.0% initial yield supported by strong underlying EBITDAR coverage

Quadruple net rent structure, with no maintenance capital requirements

Fixed 2.5% annual rental increases over 20 year WALE

Accretive ~$525M of brownfield expansions and capital projects at a 100bps premium to stabilized yields

Total portfolio purchase price of ~$1.2BN, excluding transaction costs

Committed senior secured, property-level, debt financing of $710M

The aggregate equity requirement is ~$490M for the transaction of which the REIT expects to own a 25% - 30% interest, resulting in a net equity requirement of ~$125M - $150M

The REIT expects to fund its equity requirement with a combination of net proceeds from the sale of its existing investment in Healthscope and previously funded deposits

NWH currently manages an $4.0BN ANZ platform with $2.5BN of committed fee bearing capital across two capital pools (Vital & its JV partner)

NWH is targeting a 25% -30% ownership level in the Portfolio

Incremental fee bearing capital is expected to be approximately $840M to $900M

Management expects to generate incremental base management fees of between $4M and $7M, subject to final funding structure

Initial AFFOPU accretion of $0.06

$0.06 AFFOPU ACCRETION1 TO Q3-18 REPORTED ANUALIZED AFFOPU CONTRACTED 2.5% ORGANIC SP NOI GROWTH2

Long-term NAV growth AFFO accretion

Notes:(1) Including the impact of other publicly announced events subsequent to Q3-18. (2) SP NOI growth is equivalent to annual fixed rent increases

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DEFENSIVE PORTFOLIO WITH STRONG ORGANIC GROWTH AND DEVELOPMENT UPSIDE

Strategic $1.2Bn Transaction Solidifies NWH’s AUS Leadership Position

Excellent Risk Adjusted Returns

Meaningful Upside From Development Pipeline

Immediately Accretive to AFFOPU

• Unique opportunity to acquire a Portfolio of 11 high quality, major market hospitals solidifying the REIT as the landlord of choice in Australian Healthcare real estate Highly complimentary to the REIT’s existing portfolio

• 2.5% annual rent growth plus quadruple net lease structure provides excellent organic growth profile 2.2x EBITDAR coverage provides excellent rental coverage

• $525M pipeline of low-risk brownfield developments and capital projects at attractive ~100 bp spread to stabilized yields provides attractive NAV growth potential

• The acquisition is expected to be ~$0.06 per unit accretive to initial AFFOPU

INVESTMENT THESIS AND HIGHLIGHTS

Increases Exposure to Attractive Australian Healthcare Fundamentals

• Excellent demographic trends in Australia including high population growth, population ageing, and rising household wealth; underpin excellent healthcare fundamentals

• Private hospitals are a key component of delivery of Australian universal healthcare

1010

A P P E N D I C E S

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ACQUISITION PORTFOLIO OVERVIEW

Property Name State / Territory Local Government Area Hospital Type Licensed Beds Operating Theatres

Brisbane Private Hospital QLD Brisbane City Council Acute 181 15Darwin Private Hospital NT City of Darwin Acute 150 7Griffith Rehabilitation Hospital SA Holdfast Bay Rehabilitation 64 -Hunter Valley Private Hospital NSW Newcastle City Council Rehabilitation 83 4John Fawkner Private Hospital VIC Moreland City Council Acute 149 4Lady Davidson Private Hospital NSW Ku-ring-gai Council Rehabilitation 115 -Newcastle Private Hospital NSW City of Newcastle Acute 190 13Norwest Private Hospital NSW The Hills Shire Council Acute 277 14The Hills Private Hospital NSW The Hills Shire Council Rehabilitation 111 -The Melbourne Clinic VIC Yarra City Council Psychiatric 175 -The Sydney Clinic NSW Waverley Psychiatric 44 -Total 1,539 57

The Portfolio being acquired comprises 11 assets with initial rent of $60 million.

NWH has committed to $525 million in brownfield expansions and capital projects over 10 years.

Brownfield Development – Assets Under Development (as at December 2018)

Property Completion Date On-Going Brownfield Spend Completed Brownfield Spend

Live BrownfieldSpending

John Fawkner Private Hospital December 2019 $49.7m $37.4m $12.3m The Melbourne Clinic June 2019 $28.3m $12.8m $15.5m Total $78.0m $50.3m $27.7m

Newcastle PrivateThe Hills Private

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Location Melbourne, VIC(~4 km from CBD)

Property Description

The Melbourne Clinic is the leading psychiatric

hospital in Australia. Built in 1978, expanded in

it now has 175 licensed beds

Recent and PotentialDevelopment

Currently undergoing a major ~$29M brownfieldexpansion project with expected completion in

FY’19. Project will add 44 new beds on levels 3 & 4

Operating Performance

Strong historical performance as

by MD occupancy, margins, and revenue

growth

Location Brisbane, QLD(~1km from CBD)


Built in 1978 and expanded in the1990s,

Brisbane Private is a 181 bed, acute care hospital with 15 main operating

theatres


~$57M expansion was completed in FY18 with the addition of 29 beds and 2 operating theatre


Attractive EBITDA and historical EBITDA

growth. Attractive Brisbane catchment with strong PHI coverage of

66% which is 15% above the Queensland average

Brisbane Private Hospital

The Melbourne Clinic

Location Sydney, NSW(~35km from CBD)


Built in 2009, Norwest is a bed, acute care hospital with 14 main operating theatres


Norwest underwent ~$67M of expansion in 2017/18 adding

53 beds and 5 operating theatres. Site includes land and air rights to accommodate future

expansion


Excellent historical operating performance as measured by

revenue per patient separation, EBITDA margins,

and revenue growth

Norwest Private Hospital

ASSET PROFILES

Complete Newcastle, NSW(~9 km from CBD)


Comprising threethe Croudace, built in Kingston in 2004, and

Cambridge in 2017. It is a 190 bed acute care

with 13 main operating theatres


Underwent major capital works in H2 2017 with

~$40M spent on 16 new beds, a new main

theatre, a Cath lab, car parking, and consulting

rooms


Good historic revenue and EBITDA growth with of 5.5% and 6.5%

respectively

Newcastle Private Hospital

13

Location Adelaide, SA(~12 km from CBD)


Originally built in the 1930’s, it was expanded a hospital in 1985. It is a

bed rehabilitation hospital


Upgraded to service and utility areas was undertaken in 2009 and a 10 bed ward expansion

completed in 2012


Labour cost efficiencies and strong occupancy levels expected to drive higher

EBITDA margin. Attractive catchment with strong PHI coverage of 71%, which is greater than SA average



A three-storey building originally built in the 1970’s, the 44 bed psychiatric hospital

underwent refurbishment in 2006


-


Operating performance underpinned by

consistently strong occupancy levels and

limited local competition

The Sydney ClinicGriffith Rehabilitation Hospital

Location Melbourne, VIC(~8 km from CBD)


Originally built in the it has undergone several

expansions and refurbishments. John Fawkner is a 149 bed,

care hospital with 4 operating theatres


On-going ~$48M and refurbishment

to be complete Q4/19 and add 42 beds and 2 operating theatres


Excellent MD occupancy, and new operating theatres

expected to drive higher EBITDA margin

John FawknerPrivate Hospital

ASSET PROFILES (CONTINUED)

Complete Sydney, NSW(~30 km from CBD)


Built in the 1970s, the three-storey 111 bed building has

undergone a number of expansion and refurbishments

the 1990s


Capital work completed in 2014 with ~$3M spent on 14 new

rehab beds and lift refurbishing


Labour cost efficiencies and revenue growth post 2014

capital work expected to drive steady EBITDA margin. Strong PHI coverage of 74%, which is

23% greater than NSW

The Hills Private Hospital

14

Location Newcastle, NSW(~12 km from CBD)


Originally built in 1965, the 83 bed and 4 main operating theatre

rehabilitation hospital was extended westward in 1996 and southwest of the site in

2011


Current capital works being undertaken include internal repainting and an upgrade of the en-suite bathrooms

to the in-patient ward.


Strong historical operating performance as measured

by occupancy levels, margins, and revenue

growth

Location Darwin, NT(~15km from CBD)


Purpose-built in 1988, it a 150 bed and 7 main operating theatre two-

storey acute care facility


~$10M refurbishment in FY17 of two lifts and two

theatres and the relocation of the kitchen


Steady operating performance as

by occupancy levels, EBITDA margins and

revenue growth.catchment with strong

coverage of 62%, which 3% greater than NT

average

Darwin Private Hospital

Hunter Valley Private Hospital



Built over a number of years, commencing in the 1920s,

multiple-building facility was significantly extended in


An upgrade to the hydro therapy pool was completed in 2018 and an air handling

/conditioning plant is currently undergoing replacement


Recent hydro therapy pool expected to underpin

growth. EBITDA margin expected to remain at a

healthy level through cost savings and a drive in

occupancy levels

Lady Davidson Private

ASSET PROFILES (CONTINUED)

15

+7%

(7%)Resiliency during the economic downturn Positive ~7% for healthcare assets Negative ~7% for the property index

EXCELLENT RISK ADJUSTED RETURNS

Institutionalization of healthcare real estate.~120 bp of spread compression between healthcare RE and the All Property Index since 2008

Low volatility through the economic cycle. Healthcare RE was the only asset class that generated positive returns through the GFC

Excellent risk adjusted return and highest sharpe ratio relative to other RE asset classes

STRONG PERFORMANCE

LOW RISK PROFILE / HIGH SECTOR OUTPERFORMANCE

out-performance

Source: MSCI

Sector Annual Return

Return Volatility

Sharpe Ratio

Healthcare 14.0% 2.4% 4.0Office 10.3% 3.6% 1.7

Retail 9.7% 2.6% 2.1

Industrial 9.9% 3.3% 1.7

Hotel 12.8% 4.0% 2.1

Property Sector Annualized Observations to December 31, 2017

~200bps~80bps

AUSTRALASIAN HEALTHCARE - REAL ESTATE OUTLOOK

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1,322Total public and private hospitals, 2015

47%% Private hospitals, 2015 Australia's private hospital industry has been growing, fuelled by increased consumer

demand for private health care, growth in healthcare in Australia and globe and government support of the industry:

Private Hospital Industry

6,624

9,79010,650 11,228 11,803

12,73113,895

2004-5 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15

Income in $M

CAGR 7.7%2 in 3Electives surgeries are perfomed by Private Hospitals, 2015

Private hospitals provide a wide range of services and are an integral part of the Australian health system.

(1) Refers to expenditure on maintenance and expansion of the hospitals. Source: Australian Bureau of Statics. All numbers come from the last census in 2015.

# Private hospitals 624

# Beds 31,774

Income $ 13,895 million

AUSTRALASIAN HEALTHCARE – PRIVATE HOSPITAL OUTLOOK

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Population Coverage Funding Payors Regulation Services

Primary care

Outpatient specialist care

Hospital care

Age-care or Nursing care

Mental health care

Pharmaceuticals

US$ 44 billion (3.3% GDP)

Blood supplier, therapeutic goods and

facilities, etc.

Universal public health insurance

US$ 90 billion (6.7% GDP)

Australian Government and

state, territory and local governments

Council of Australian Governments (COAG)

Private health insurance (PHI)

47.3% (11.4 million people)

Private health insurance (35 private

health insurance funds) and out of

pocket

Australian Prudential Regulation Authority

(APRA)

AUSTRALIAN HEALTHCARE – SYSTEM OVERVIEW

Australia’s health-care system is a mix of public and private providers and funders.

Government policies encourage enrollment in PHI plans with rebates and income surcharges (1.0%-1.5%) on taxpayers with income above ~$90k that do not enroll.

Australians opt for private health insurance due to government incentives, increased choices of providers (particularly in hospitals), faster access for nonemergency services, and to cover costs of selected services that are not covered by the public system. Public patients can only be treated by public providers and have limited choice.

Private services are funded by private fund shares (~65%), federal government’s rebate on health insurance premiums (~21%) and other Australian government (~14%).

23.8Total population (millions of people), 2015

US$ 133.9Total healthcare expenditure (billions), 2015

14.7%Percentage of population age 65 and older, 2015

Source: The Commonwealth Fund and Australian Institute of Health and Welfare.

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CONTACT INFORMATION

Paul Dalla Lana, Chairman & CEO416-366-2000 Ext. 1001

Shailen Chande, CFO416-366-2000 Ext. 1002

NORTHWEST HEALTHCARE PROPERTIES REIT

$1.2 billion australian hospital portfolio acquisition...1 disclaimer this presentation contains...

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