NorthWest outlines new Vital Healthcare fee structure

Sun, 31 Mar 2019

By Jenny Ruth April 1 (BusinessDesk) - Vital Healthcare Property Trust’s manager says it is reducing its base fees and adopting a tiered structure but is adding a raft of new fees not mentioned in the current trust deed, making it unclear whether overall fees will go up or down. Independent chair of the manager, Clair Higgins, has also resigned, effective immediately, and will be replaced by the manager’s president Bernard Crotty. Canada-based NorthWest Healthcare Properties Real Estate Investment Trust bought Vital’s management contra...

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