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Chief executive officers

Northwest Healthcare Properties Real Estate Investment Trust Announces CEO Craig Mitchell's Intention to Retire

Strategic Insights

— 1 min read

Craig Mitchell, CEO of Northwest Healthcare Properties Real Estate Investment Trust (TSX: NWH.UN), has advised the Board of his intention to retire in mid-2025, following a comprehensive Strategic Review process. Mitchell, who joined the REIT over seven years ago and expanded his role as Global President in charge of Property in all markets, will continue as CEO through Q2 2025. The REIT has commenced a recruitment search, led by the Board's Compensation, Governance and Nominating Committee, to ensure a seamless transition and onboarding of Mitchell's successor. Mitchell will remain on the Board of Vital Healthcare Property Trust, a New Zealand Stock Exchange listed company, as a Northwest representative throughout 2025 to support continuity in the Australasia region.

Key Takeaways:

  • Northwest Healthcare Properties Real Estate Investment Trust (TSX: NWH.UN) announces that CEO Craig Mitchell will retire in mid-2025.
  • Mitchell has led the REIT through its Strategic Review process and will continue as CEO through Q2 2025 to ensure a smooth transition.
  • The REIT has commenced a recruitment search, assisted by a professional executive recruitment firm, to find Mitchell's successor.
  • Mitchell will remain on the Board of Vital Healthcare Property Trust, a New Zealand Stock Exchange listed company, as a Northwest representative throughout 2025.
  • The REIT's portfolio of healthcare real estate infrastructure includes 186 income-producing properties and 16.1 million square feet of gross leasable area, located in North America, Brazil, Europe, and Australasia.
  • Northwest provides investors with access to high-quality international healthcare real estate infrastructure, characterized by long-term indexed leases and stable occupancies.

Statistics:

  • The REIT's portfolio includes 186 income-producing properties, with 16.1 million square feet of gross leasable area.
  • Northwest operates in eight countries, providing a global workforce that serves as a long-term real estate partner to leading healthcare operators.
  • Craig Mitchell has been CEO of Northwest since August 2023, previously serving as Global President in charge of Property in all markets.

Sources:

  • Northwest Healthcare Properties Real Estate Investment Trust (TSX: NWH.UN) - press release dated October 8, 2024.
  • www.nwhreit.com

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