TORONTO , June 18, 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 June 2014 . The distribution will be payable on July 15, 2014 to unitholders of record as at June 30, 2014 .
Unitholders can participate in the REIT's Distribution Reinvestment Plan ("DRIP"). The DRIP allows unitholders of the REIT, who are resident in Canada , to automatically reinvest monthly cash distributions paid on their Trust Units in additional Trust Units, plus bonus Trust Units equivalent to 3% of the distributions reinvested. The DRIP offers unitholders the opportunity to increase their ownership in the REIT on a regular basis without incurring any commission or brokerage fees. Complete details on the DRIP are available at the REIT's website (www.hlpreit.com) or from a unitholder's investment advisor.
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 51 properties - 12 in two Canadian provinces and 39 in eight U.S. states, for a total of 5,048 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
Chief Financial Officer
HealthLease Properties REIT
(416) 815-0700 ext. 258