Kolter Capital Bolsters Stake in Northwest Healthcare Properties REIT
Deal News | Jan 08, 2025 | Globenewswire
Kolter Capital NWH LLC has obtained an additional 100,000 units of Northwest Healthcare Properties Real Estate Investment Trust, raising its beneficial ownership to over 10% of the REIT’s outstanding units. The acquisition, made on the Toronto Stock Exchange at CAD$4.6169 per unit, represents a strategic investment move valued at CAD$461,690. Robert Julien, CEO of Kolter Group and a trustee of the REIT, orchestrates this investment. Kolter Capital views this as a long-term investment, hinting at potential strategic moves to enhance investment value. The transaction aligns with Canadian securities laws mandating early warning reports for significant share acquisitions.
Sectors
- Real Estate Investment Trusts (REITs)
- Healthcare Real Estate
Geography
- Canada – The transaction occurred on the Toronto Stock Exchange, and the subject of the acquisition is a Canadian REIT.
- United States – Kolter Capital and Kolter Group are based in Florida, USA, indicating cross-border investment activity.
Industry
- Real Estate Investment Trusts (REITs) – The article discusses acquisitions in a healthcare-focused REIT, highlighting investment strategies in the real estate securities market.
- Healthcare Real Estate – Involvement of a trust specializing in healthcare properties shows the intersection of real estate and healthcare industry investment.
Financials
- CAD$461,690 – The aggregate purchase price for acquiring additional units of the REIT.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Kolter Capital NWH LLC | Bidding Company | Company | An investment firm holding stakes in real estate and real estate securities, based in Florida. |
| Northwest Healthcare Properties Real Estate Investment Trust | Target Company | Company | A Canadian REIT specializing in healthcare real estate properties. |
| Kolter Group LLC | Other Company | Company | A diversified real estate development and investment firm affiliated with Kolter Capital. |
| Robert Julien | Person | People | Manager of Kolter Capital, CEO of Kolter Group, and trustee of the REIT. |