ANALYSIS: Vital Healthcare's manager and trustee refuse to answer questions on fees

Sun, 14 Apr 2019

By Jenny Ruth April 15 (BusinessDesk) - Both Vital Healthcare Property Trust’s trustee and its manager have refused to answer questions about what authority the manager had to charge Vital for various fees. The fees the manager, owned by Canada-based NorthWest Healthcare Property Real Estate Investment Trust, charged Vital in the six months ended December jumped to $22.1 million, up almost 75 percent from $12.7 million in the same six months a year earlier. That was at the same time as Vital’s net distributable income fell 18.7 percent...

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