Please note that this release is being reissued for NorthWest Healthcare
Properties REIT.

TORONTO, April 17, 2012 /PRNewswire/ – NorthWest Value Partners Inc.
(“NorthWest”) today has announced that it has received the unanimous
support of the Board of Trustees of GT Canada Medical Properties REIT
(TSX-V: MOB.UN) (“GT Canada”) to make an offer to acquire 100% of the
trust units (the “Units”) of GT Canada at a price of $2.05 per Unit in
cash (the “Offer Price”). The Offer Price is subject to anti-dilution
adjustments based on the results of the GT Canada rights offering
announced on March 12, 2012 (the “Rights Offering”). If pursuant to the
Rights Offering no rights are exercised, the Offer Price will remain at
$2.05 per Unit, whereas if 100% of the rights are exercised, the Offer
Price will be adjusted to $1.87 per Unit. Northwest’s offer is
conditional upon at least 66 2/3% of the Units (on a fully-diluted
basis) being validly deposited under the offer and not withdrawn. Full
details of the offer will be included in the formal offer and takeover
bid circular that will be mailed to GT Canada Unitholders. The offer
represents a premium of 61.4% to GT Canada’s closing Unit price on
April 13, 2012, and offers all GT Canada Unitholders a liquidity event.

Following successful completion of the foregoing transaction, NorthWest
will sell GT Canada’s existing portfolio of eleven medical office
buildings all of which are located in Ontario, as well as a 25,313
square foot fully leased medical office building in Port Hope, Ontario,
the acquisition of which GT Canada intends to close on May 1, 2012
(collectively, the “GT Canada Portfolio”) to NorthWest Healthcare
Properties Real Estate Investment Trust (“NorthWest Healthcare
Properties REIT”) (TSX: NWH.UN) for $87.3 million, which represents a
valuation consistent with the NorthWest offer to GT Canada unitholders.

Following the sale of the GT Canada Portfolio to NorthWest Healthcare
Properties REIT, NorthWest intends to reconfigure GT Canada to support
its international healthcare real estate initiatives, which currently
include significant investments in Australia / New Zealand, Brazil and
Germany.

Peter Riggin, CEO – NorthWest Healthcare Properties REIT, stated “We are
excited about this prospective transaction, since the GT Canada
properties are all multi-tenant medical office buildings that are a
strategic fit with our portfolio. It is rare that the opportunity
exists to purchase a portfolio of medical office buildings, and we are
pleased to be able to do so to further solidify our presence in the
important Ontario market.”

GT Canada’s Portfolio will consist of twelve medical office buildings
located in central and southern Ontario, comprising approximately
280,000 square feet of rentable area and over 170 tenants. The
buildings are approximately 98% leased and are all specialized medical
office buildings, with almost all of the tenancies being healthcare
related. The leasing profile of the GT Canada Portfolio is similar to
the NorthWest Healthcare Properties REIT portfolio in terms of average
tenant lease term and average minimum net rent.

The purchase price payable by NorthWest Healthcare Properties REIT for
the GT Canada Portfolio will be satisfied by the assumption of
approximately $49.5 million of mortgage debt, the issuance of NorthWest
Healthcare Properties REIT units to GT Canada (at GT Canada’s option)
and by cash funded from internal NorthWest Healthcare Properties REIT
resources. The acquisition is expected to close in the third quarter
and be accretive. The acquisition and potential issuance of NorthWest
Healthcare Properties REIT units to GT Canada is subject to TSX and
other regulatory approvals.

This press release may contain forward-looking statements with respect
to NorthWest or Northwest Healthcare Properties REIT, its operations,
strategy, financial performance and condition. These statements
generally can be identified by use of forward-looking words such as
“may”, “will”, “expect”, “estimate”, “anticipate”, “intends”,
“believe”, or “continue” or the negative thereof or similar variations.
NorthWest or NorthWest Healthcare Properties REIT’s actual results and
performance discussed herein could differ materially from those
expressed or implied by such statements. Such statements are qualified
in their entirety by the inherent risks and uncertainties surrounding
future expectations, including that the transactions contemplated
herein are completed. Important factors that could cause actual
results to differ materially from expectations include, among other
things, general economic and market factors, competition, changes in
government regulations and the factors described under “Risk Factors”
in Northwest Healthcare Properties REIT’s Prospectus and the risks and
uncertainties set out in the MD&A which are available on www.sedar.com. These cautionary statements qualify all forward-looking statements
attributable to NorthWest or Northwest Healthcare Properties REIT and
persons acting on its behalf. Unless otherwise stated, all
forward-looking statements speak only as of the date of this press
release, and, except as expressly required by applicable law, NorthWest
nor Northwest Healthcare Properties REIT assumes no obligation to
update such statements.

About NorthWest Value Partners Inc.
NorthWest Value Partners Inc. (“NorthWest”) is a private real estate
investment firm based in Toronto, Canada. Since 1992, NorthWest has
established an exceptional track record of successfully acquiring,
developing, operating and building value in real estate across Canada
and internationally. NorthWest has a significant focus in healthcare
real estate including founding NorthWest Healthcare Properties REIT
which is focused on the Canadian market and NorthWest International
Healthcare Properties which is focused on international markets,
including Australia/New Zealand, Brazil and Germany. Currently,
NorthWest has investments in C$2.5 billion of healthcare real estate
assets and developments and is focused on accretively growing its
portfolio in each of these markets.

For further information, please contact:
Paul Dalla Lana, President (416) 366-8300 ext. 223

About NorthWest Healthcare Properties Real Estate Investment Trust
NorthWest Healthcare Properties Real Estate Investment Trust is an
unincorporated, open-ended real estate investment trust established
under the laws of the Province of Ontario, which holds a portfolio of
62 income-producing properties, with a focus on medical office
buildings and healthcare real estate, comprising approximately 4.2
million square feet of gross leasable area located in British Columbia,
Alberta, Ontario, Qu bec, Nova Scotia and New Brunswick.

For further information, please contact:
Peter Riggin, CEO, (416) 366-2000 ext. 224, or www.nwhp.ca

SOURCE NorthWest Healthcare Properties Real Estate Investment Trust