TORONTO, Aug. 19, 2014 /CNW/ - HealthLease Properties Real Estate
Investment Trust (the "REIT") (TSX: HLP.UN) 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 (TSX: HLP.UN) 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