Vital Healthcare Property Trust taking portfolio management in-house

Vital Healthcare Property Trust taking portfolio management in-house
Vital says it is the last cab off the rank in internalising its portfolio. (Image: Vital Healthcare Property Trust)
Greg Hurrell
Vital Healthcare Property Trust will internalise the management of its portfolio, funded by a planned $220 million capital raise.It has reached a conditional agreement with parent Northwest Healthcare Properties Management, which has until now managed its investments, to bring that in-house. Northwest is a subsidiary of Northwest Healthcare REIT, which is listed on the Toronto Stock Exchange.Vital expects the deal, which ends what it says is an “outdated structure”, to save it $20.9m a year in management fees. The company estim...

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