In Canada, NorthWest Healthcare Properties REIT (real estate investment trust) is the largest non-government owner and manager of healthcare facilities. The REIT provides investors access to a high quality international healthcare real estate infrastructure comprised of interests in a diversified portfolio of 139 income-producing properties and 9.3 million square feet of gross leasable area located throughout major markets in Canada, Brazil, Germany, Australia and New Zealand.
Having consolidated the medical office building sector in Canada, NorthWest also operates and manages healthcare facilities in Australia, Brazil, Germany, and New Zealand. Globally, the REIT has established partnerships with leading local healthcare providers to put into place a world class healthcare infrastructure platform that ensures steady income growth and opportunities for future expansion.
NorthWest tailors its facilities to local demand and needs. As a result, the trust has been able to secure long-term indexed leases that ensure predictable income streams. NorthWest was set up in 2004 and has since acquired a deep pool of specialised knowledge in the management of healthcare properties. The firm employs over 180 experienced professionals and maintains a network of nine offices in five countries. NorthWest is the only REIT listed on the Toronto Stock Exchange (TSX:NWH.UN) focused on global healthcare real estate.
The CFI.co judging panel recognises that healthcare offers room for sustained growth. Demand for facilities is unlikely to taper off any time soon. NorthWest allows investors exposure to an otherwise difficult market to penetrate. The judges are pleased to present NorthWest Healthcare Properties REIT with their 2016 Best Healthcare Industry REIT Canada Award.