Northwest Healthcare Properties REIT base shelf prospectus renewal and establishment of ATM program

Goodmans LLP acted for Northwest Healthcare Properties Real Estate Investment Trust (the "REIT") in connection with the renewal of its existing base shelf prospectus and filing and obtaining a receipt for a short form base shelf prospectus (the "Shelf Prospectus"), which is valid until March 2, 2025.

The Shelf Prospectus allows the REIT to continue to maintain financial flexibility with the ability to offer trust units ("Units"), debt securities, warrants and subscription receipts, or any combination thereof (the "Securities") on an accelerated basis pursuant to the filing of prospectus supplements. Each prospectus supplement will contain specific information concerning the use of proceeds from that sale of Securities.

The REIT also announced that it has established an at-the-market equity program (the "ATM Program") that allows the REIT to issue up to C$200 million of Units from treasury to the public from time to time, at the REIT's discretion. The ATM Program is designed to provide the REIT with additional financing flexibility that may be used in conjunction with other existing funding sources. The REIT expects to use the net proceeds from the ATM Program, if any, to repay indebtedness outstanding from time to time, fund the acquisition of real property and other investments, for capital expenditures, and for other general purposes.