TORONTO , Aug. 19, 2014 /CNW/ - HealthLease Properties Real Estate Investment Trust (the "REIT") (HLP-UN.TO) announced today a cash distribution in the amount of $0.07083 per unit for the month of August 2014 . The distribution will be payable on September 15, 2014 to unitholders of record as at August 29, 2014 .
The REIT has also announced that the REIT's Distribution Reinvestment Plan ("DRIP") has been terminated, with the effect that no DRIP units will be issued on September 15, 2014 .
About HealthLease Properties Real Estate Investment Trust
HealthLease Properties Real Estate Investment Trust (HLP-UN.TO) owns one of the youngest and highest quality portfolios of seniors housing and care facilities with 52 properties - 13 in two Canadian provinces and 35 in eight U.S. states, for a total of 5,224 beds. The facilities are leased to experienced tenant operators who have significant operational experience. The leases are structured as long-term and triple-net: features that provide stability and dependability to the REIT's cash flow and distributions. The REIT's best-in-class portfolio meets the growing demands of modern seniors by emphasizing features such as hotel-like design, private rooms and baths and hospitality-inspired amenities. For more information, visit www.hlpreit.com.
SOURCE HealthLease Properties Real Estate Investment Trust
- Investment & Company Information
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Chief Financial Officer
HealthLease Properties REIT
(416) 815-0700 ext. 258