NorthWest Healthcare Properties REIT (TSE:NWH.UN) has released an update.
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Northwest Healthcare Properties REIT has successfully sold its UK portfolio to Assura PLC for £500 million, marking the end of its strategic review process. This transaction is expected to be beneficial for the REIT, contributing approximately 6 cents per unit annually to its Adjusted Funds From Operations. The sale is part of Northwest’s larger strategy to streamline its business and improve its balance sheet.
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