Northwest Healthcare Properties REIT bought deal equity offering

Goodmans LLP acted for Northwest Healthcare Properties Real Estate Investment Trust (the "REIT") in connection with a public offering of 12,500,500 trust units ("Units") of the REIT at a price of C$13.80 per Unit for total gross proceeds of C$172,506,900, which includes proceeds from the full exercise of an over-allotment option to purchase up to an additional 1,630,500 Units. The offering was conducted on a bought deal basis through a syndicate of underwriters co-led by Scotiabank and RBC Capital Markets. The REIT used the net proceeds of the offering to partially fund its previously announced binding agreement to acquire a portfolio of US healthcare real estate for C$764.3 million.