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NORTHWEST HEALTHCARE PROPERTIES 180 DUNDAS STREET WEST , SUITE 1100 , TORONTO , ONTARIO , M5G 1Z8 T : 416 366 2000 F : 416 366 2433 www.nwhp.ca ли NORTHWEST HEALTHCARE PROPERTIES REAL ESTATE INVESTMENT TRUST RELEASES FIRST QUARTER 2021 RESULTS TORONTO , May 13 , 2021 / CNW / - NorthWest Healthcare Properties Real Estate Investment Trust ( the " REIT " ) ( TSX : NWH.UN ) , Canada's leading global diversified healthcare real estate investment trust , today announced its results for the three months ended March 31 , 2021 . Commenting on the activity , Paul Dalla Lana , CEO of the REIT , said : " 2021 has gotten off to a strong start with the REIT raising approximately $ 280 million of new equity and significantly reducing leverage , advancing its life sciences strategy with inaugural acquisitions in both Canada and Europe , as well as strong momentum in its global asset management initiatives . Looking ahead to the balance of 2021 the REIT is in excellent position to execute on its key priorities including solidifying its position as the leading healthcare real estate asset manager globally , expanding its geographic footprint into the United States , fortifying and simplifying its balance sheet , and executing on its ESG initiatives . " Impact of COVID - 19 : The REIT's portfolio of healthcare infrastructure assets continues to perform well through the COVID - 19 pandemic with all properties open and operational . For the three months ended March 31 , 2021 the REIT collected 98.6 % of rent ( including those subject to formal deferral arrangements ) , which is a 40 basis points improvement from the 98.2 % collected in Q4 2020. The strong rent collection throughout the pandemic is illustrative of the defensive attributes of the REIT's portfolio , the essential nature of its tenant base and commitment from governments to ensure access to critical healthcare services . The REIT believes that a growing back log of non - essential treatments and surgeries in each of its global markets is expected to increase demand levels for acute healthcare services and support private hospital system volumes going forward . 2021 First Quarter Financial and Operational Highlights : For the three months ended March 31 , 2021 , the REIT delivered strong financial and operational performance with an increasingly conservative balance sheet across an expanded 186 property , 15.5 million square foot defensive acute healthcare real estate portfolio underpinned by long - term inflation indexed leases . Key highlights are as follows :