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Press release from CNW Group

NORTHWEST HEALTHCARE PROPERTIES REAL ESTATE INVESTMENT TRUST ANNOUNCES COMPLETION OF ACQUISITION OF PREMIERE EDMONTON MEDICAL OFFICE COMPLEX

Tuesday, February 01, 2011

NORTHWEST HEALTHCARE PROPERTIES REAL ESTATE INVESTMENT TRUST ANNOUNCES COMPLETION OF ACQUISITION OF PREMIERE EDMONTON MEDICAL OFFICE COMPLEX15:43 EST Tuesday, February 01, 2011TORONTO, Feb. 1 /CNW/ - NorthWest Healthcare Properties Real Estate Investment Trust (TSX:NWH.UN) (the "REIT") announced today it has completed the previously announced acquisition of HysCentre, the premiere medical office complex in Edmonton, Alberta.Hys Centre is strategically located on and connected by pedway access to the Royal Alexandra Hospitalcampus. Hys Centre is a Class "A" medical office complex composed of a 147,000 square foot medicaloffice building, 50 residential apartments and a 384-stall pay parking facility. It has a long history of lowvacancy, strong tenant retention, and the provision of integrated healthcare services to the community,The REIT acquired Hys Centre for a price of $53 million. The acquisition has been funded by acombination of cash on hand and debt. The REIT arranged and drew $25 million on an interim creditfacility to fund the purchase. The REIT is arranging permanent long term fixed rate financing to replacethis interim loan.This investment will be the REIT's fourth Edmonton area property and its ninth asset in the Province ofAlberta. The REIT believes that the acquisition of Hys Centre is strategically important and will furthersolidify its market leadership in healthcare real estate in Edmonton, in Alberta and in Canada.About NorthWest Healthcare Properties Real Estate Investment TrustNorthWest Healthcare Properties Real Estate Investment Trust is an unincorporated, open-ended realestate investment trust established under the laws of the Province of Ontario. The REIT holds a portfolioof 52 income-producing properties, with a focus on medical office buildings and healthcare real estate,comprising approximately 3.7 million square feet of gross leasable area located in British Columbia,Alberta, Ontario, Québec, Nova Scotia and New Brunswick.For further information: Mike Brady, Senior Vice President, NorthWest Healthcare Properties Real Estate Investment Trust (416) 366-2000 ext. 243, or www.nwhp.ca