Comments
yourfanat wrote: I am using another tool for Oracle developers - dbForge Studio for Oracle. This IDE has lots of usefull features, among them: oracle designer, code competion and formatter, query builder, debugger, profiler, erxport/import, reports and many others. The latest version supports Oracle 12C. More information here.
Cloud Computing
Conference & Expo
November 2-4, 2009 NYC
Register Today and SAVE !..

2008 West
DIAMOND SPONSOR:
Data Direct
SOA, WOA and Cloud Computing: The New Frontier for Data Services
PLATINUM SPONSORS:
Red Hat
The Opening of Virtualization
GOLD SPONSORS:
Appsense
User Environment Management – The Third Layer of the Desktop
Cordys
Cloud Computing for Business Agility
EMC
CMIS: A Multi-Vendor Proposal for a Service-Based Content Management Interoperability Standard
Freedom OSS
Practical SOA” Max Yankelevich
Intel
Architecting an Enterprise Service Router (ESR) – A Cost-Effective Way to Scale SOA Across the Enterprise
Sensedia
Return on Assests: Bringing Visibility to your SOA Strategy
Symantec
Managing Hybrid Endpoint Environments
VMWare
Game-Changing Technology for Enterprise Clouds and Applications
Click For 2008 West
Event Webcasts

2008 West
PLATINUM SPONSORS:
Appcelerator
Get ‘Rich’ Quick: Rapid Prototyping for RIA with ZERO Server Code
Keynote Systems
Designing for and Managing Performance in the New Frontier of Rich Internet Applications
GOLD SPONSORS:
ICEsoft
How Can AJAX Improve Homeland Security?
Isomorphic
Beyond Widgets: What a RIA Platform Should Offer
Oracle
REAs: Rich Enterprise Applications
Click For 2008 Event Webcasts
In many cases, the end of the year gives you time to step back and take stock of the last 12 months. This is when many of us take a hard look at what worked and what did not, complete performance reviews, and formulate plans for the coming year. For me, it is all of those things plus a time when I u...
SYS-CON.TV
NorthWest International Healthcare Properties REIT Announces Closing of Previously Announced Acquisition and Disposition Transactions and a 150% Increase in Distributions

TORONTO, Nov. 16, 2012 /CNW/ - NorthWest International Healthcare Properties REIT (TSXV: MOB.UN) (the "REIT") announced today that it has closed the previously announced sale of its existing Canadian medical office building portfolio to NorthWest Healthcare Properties REIT (TSX: NWH.UN) ("NWHP REIT") in two separate transactions (the "Disposition Transaction"). Concurrently, the REIT completed its previously announced acquisition of a $170 million portfolio of international healthcare real estate in Australia/New Zealand, Brazil and Germany (the "International Portfolio") from NorthWest Value Partners Inc. ("NorthWest") (the "Acquisition Transaction").

Based on the accretive nature of the transactions, the REIT announced that it will increase its annual distributions from $0.064 per unit to $0.16 per unit, which is expected to represent an approximate 95% AFFO payout ratio.

In connection with the transaction closings and distribution increase, Paul Dalla Lana, CEO of the REIT and President of NorthWest commented:

 
      "Today's closing of both the Acquisition and Disposition Transactions and the resulting distribution increase completes the REIT's reconfiguration to a focused international healthcare real estate platform. With its high quality initial portfolio of international assets, a best-in-class management team and a significant acquisition pipeline, the REIT is now well positioned to provide its unitholders with growing stable distributions."
       

The Disposition Transaction

As part of the Disposition Transaction, the REIT sold its existing Canadian medical office building portfolio to NWHP REIT in two separate transactions, effective October 1, 2012. The Disposition Transaction was approved, by way of written consent, by the REIT's disinterested unitholders on September 25, 2012 and collectively resulted in net consideration to the REIT, after the assumption of related debt and subject to usual adjustments, of $39.2 million comprising of $9.2 million of cash and a $30.0 million promissory note.

The Acquisition Transaction

As part of the Acquisition Transaction, the REIT acquired a $170 million portfolio of international healthcare real estate in Australia/New Zealand, Brazil and Germany from NorthWest, entered into a series of external management arrangements with affiliates of NorthWest, and entered into a put / call agreement with respect to NorthWest's interest in NWHP REIT. The Acquisition Transaction was described in the REIT's October 5, 2012 management information circular and was approved by the majority of minority unitholders of the REIT at its October 30, 2012 annual and special meeting.  The Acquisition Transaction is effective October 1, 2012 and was funded through (a) the issuance of 9,878,165 REIT units at a deemed price of $1.87 per unit (approximately $18.5 million), (b) the issuance of 55,944,444 Class B LP Units of NWI Healthcare Properties LP, a subsidiary of the REIT, at a deemed price of $1.87 per unit (approximately $104.5 million) and (c) the assumption of existing debt of approximately $47 million. The purchase price for the Acquisition Transaction is subject to usual adjustments.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

FORWARD-LOOKING INFORMATION

Certain statements contained in this news release may contain projections and "forward-looking statements" within the meaning of that phrase under Canadian securities laws. When used in this new release, the words "may", "would", "should", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions may be used to identify forward-looking statements. Those statements reflect the REIT's current views with respect to future events or conditions, including matters relating to expected AFFO, future distributions, the accretive nature of the Acquisition and the REIT's growth prospects. By their nature, forward-looking statements reflect management's current views, beliefs and assumptions and are subject to certain risks and uncertainties, known and unknown, including, without limitation, risks disclosed in the information circular of the REIT mailed in connection with the annual and special meeting of unitholders held October 30, 2012. Many factors could cause actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by these forward-looking statements. Although the forward-looking information contained in this news release is based upon what management believes are reasonable assumptions, there can be no assurance that actual results will be consistent with these forward-looking statements. Certain statements included in this news release may be considered "financial outlook" for purposes of applicable securities laws, and such financial outlook may not be appropriate for purposes other than this news release. The REIT does not intend to nor assume any obligation to update these forward-looking statements whether as a result of new information, plans, events or otherwise, unless required by law.

SOURCE NorthWest Healthcare Properties Real Estate Investment Trust

About PR Newswire
Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

SOA World Latest Stories
SYS-CON Events announced today Isomorphic Software, the global leader in high-end, web-based business applications, will exhibit at SYS-CON's DevOps Summit 2015 New York, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Isomorphic Software is the gl...
The BPM world is going through some evolution or changes where traditional business process management solutions really have nowhere to go in terms of development of the road map. In this demo at 15th Cloud Expo, Kyle Hansen, Director of Professional Services at AgilePoint, shows Agile...
Verizon Enterprise Solutions is simplifying the cloud-purchasing experience for its clients, with the launch of Verizon Cloud Marketplace, a key foundational component of the company's robust ecosystem of enterprise-class technologies. The online storefront will initially feature pre-b...
"People are a lot more knowledgeable about APIs now. There are two types of people who work with APIs - IT people who want to use APIs for something internal and the product managers who want to do something outside APIs for people to connect to them," explained Roberto Medrano, Execut...
“We are a managed services company. We have taken the key aspects of the cloud and the purposed data center and merged the two together and launched the Purposed Cloud about 18–24 months ago," explained Chetan Patwardhan, CEO of Stratogent, in this SYS-CON.tv interview at 15th Cloud Ex...
The Internet of Things is a misnomer. That implies that everything is on the Internet, and that simply should not be - especially for things that are blurring the line between medical devices that stimulate like a pacemaker and quantified self-sensors like a pedometer or pulse tracker....
Subscribe to the World's Most Powerful Newsletters
Subscribe to Our Rss Feeds & Get Your SYS-CON News Live!
Click to Add our RSS Feeds to the Service of Your Choice:
Google Reader or Homepage Add to My Yahoo! Subscribe with Bloglines Subscribe in NewsGator Online
myFeedster Add to My AOL Subscribe in Rojo Add 'Hugg' to Newsburst from CNET News.com Kinja Digest View Additional SYS-CON Feeds
Publish Your Article! Please send it to editorial(at)sys-con.com!

Advertise on this site! Contact advertising(at)sys-con.com! 201 802-3021


SYS-CON Featured Whitepapers
ADS BY GOOGLE