NorthWest to review its Vital management fees and rights

Thu, 22 Nov 2018

By Jenny Ruth Nov. 23 (BusinessDesk) - Vital Healthcare Property Trust’s manager says it won’t exercise rights to remove directors or increase fees above current levels. The manager, Canada-based NorthWest Healthcare Properties Management, owns both Vital’s management contract and almost 25 percent of Vital’s units. NorthWest says it plans to review its management fees in the first quarter of calendar 2019. In the meantime, it has committed “not to exercise certain rights set out in Vital’s trust deed for the duration of the fee rev...

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