Northwest International Healthcare Properties REIT structures its Australasian and German portfolio

As TSXV-listed Northwest International Healthcare Properties REIT is effectively privately-owned as to 96%, a unit offering under a short-form prospectus will effectively take it public.  It currently holds Australasian, German and Brazilian properties.

The Australasian properties are held through a 20% interest in a New Zealand REIT, which has been transferred out under a securities lending arrangement, perhaps in order to avoid local withhholding tax.  The German assets are held through a complex structure, but without apparently using the co-ownership fund structure used by Dundee International REIT.  Rents on the Brazilian property have been securitized.

Neal Armstrong.  Summary of Northwest International Healthcare Properties REIT short-form prospectus under Offerings - Cross-Border REITs.