Date Closed

March 25, 2010

Lead Office

Toronto

Value

187.50 Million CAD

On March 25, 2010, NorthWest Healthcare Properties Real Estate Investment Trust ("NorthWest") completed its initial public offering of 17.5 million units at C$10.00 per unit for gross proceeds of C$175 million.

The offering was underwritten by a syndicate of underwriters led by RBC Capital Markets and including BMO Nesbitt Burns Inc., CIBC World Markets Inc., National Bank Financial Inc., Scotia Capital Inc., TD Securities Inc., Canaccord Financial Ltd., Macquarie Capital Markets Canada Ltd. and Versant Partners Inc (the “Underwriters”).

On April 7, 2010, the Underwriters exercised their over-allotment option in full and purchased an additional 1,250,000 units which increased the total gross proceeds of the offering to C$187.5 million.

NorthWest, headquartered in Toronto, Ontario, holds a portfolio of 52 income-producing properties, with a focus on medical office buildings primarily occupied by doctors, dentists, other medical professionals and related healthcare service providers such as pharmacies, laboratories and diagnostic imaging clinics.

McCarthy Tétrault LLP represented the underwriters, with a team led by Graham Gow.