TORONTO , Nov. 19, 2013 /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 November 2013 . The distribution will be payable on December 16, 2013 to unitholders of record as at November 29, 2013 .
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 a premier portfolio of seniors housing and care facilities located in the United States and Canada . The properties 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 of properties meets the needs 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