Vital's manager looking to invest more than $350 million

Thu, 08 Aug 2019

By Jenny Ruth Aug. 9 (BusinessDesk) - Vital Healthcare Property Trust’s manager is still looking for investment opportunities and believes the trust has more than $350 million of firepower. Vital has $257 million of headroom on its existing banking facilities and its manager, Canada-based NorthWest Healthcare Property Real Estate Investment Trust, says it is looking at selling about $100 million of Vital’s properties. In May, NorthWest bowed to investors' wishes and agreed that Vital wouldn’t participate in a deal to buy Australian hea...

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