Vital Healthcare's portfolio value to rise about $140m

Vital Healthcare's portfolio value to rise about $140m
Staff reporters
Vital Healthcare Property Trust's manager said it expects the trust to record a property revaluation gain of about $140 million at Dec 31, up 5.3% on the June 30 valuations.NorthWest Healthcare Properties Management said 80% of Vital's portfolio has been revalued, taking the portfolio's value to about $2.9 billion, and will reduce the pro-forma loan-to-valuation ratio by about 1.6%. The portfolio's value is up 10% from June 30. The trust raised $142.8m in fresh equity in October and November and bought the Tennyson Cen...