Northwest International Healthcare Properties REIT Announces Management Changes

NorthWest International Healthcare Properties REIT (the REIT) announced the expansion and strengthening of its management team. Effective today, Bernard Crotty has been appointed President of the REIT. Mr. Crotty has served as an independent trustee of the REIT since May 31, 2012. Mr. Crotty is an experienced executive, private investor and lawyer. Mr. Crotty is currently a principal of Silver and White Management Inc., a private investment firm. Mr. Crotty has a distinguished professional career including serving as Chairman and/or Chief Executive Officer of Certicom Corp. and Comnetix Inc., both high-tech software companies, and has also held senior legal positions with law firms in Los Angeles, Toronto and London, England. The REIT shall be appointing and announcing at minimum one new independent trustee to the board of trustees within the next sixty days.
 
Also, effective immediately, the REIT announced the appointment of Teresa Neto as Chief Financial Officer of the REIT. Ms. Neto most recently held the role of Chief Financial Officer of KEYreit from 2011 to 2013, a former TSX-listed REIT that was recently acquired in a take-over bid. Previous to KEYreit, Ms. Neto was the Chief Financial Officer of Retrocom REIT, also at TSX-listed REIT.  Prior to Retrocom, Teresa spent nearly five years with the Real Property Association of Canada as VP, Financial Reporting. Before REALpac, Teresa held increasingly senior finance roles in the telecommunications, consumer packaged goods and communications industries. Concurrent with this appointment, Mr. Brian Wilson has resigned as Interim Chief Financial Officer of the REIT and will continue with the REIT as its Senior Vice President, Finance.
 
"I am very pleased to be expanding the breadth and depth of the REIT's senior leadership team", said Paul Dalla Lana, Chief Executive Officer of the REIT. "Bernard has been extensively involved as a Trustee in the transformation of the REIT into an internationally diversified healthcare real estate investment trust. Teresa brings forward a strong real estate background and significant experience in accounting, finance and governance. Both Bernard and Teresa will be instrumental in executing the REIT's continued growth strategy across the globe. I also want to thank Brian for his dedication and contributions during the past year in leading the finance and administration function during our transition from its prior domestic focus to its current international focus."
 
The appointments of Mr. Crotty and Ms. Neto are subject to TSX-V approval.

on November 5, 2013