New Northwest Chief Executive Officer announced on TSX

VITAL HEALTHCARE PROPERTY TRUST vhpt.co.nz
Managed by Northwest Healthcare
Properties Management Limited
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17 June 2025
Announcement regarding new Chief Executive Officer of Northwest Healthcare Properties
REIT made on the Toronto Stock Exchange
Northwest Healthcare Properties Management Limited (the Manager) the manager of
Vital Healthcare Property Trust (Vital) refers to the attached announcement of Northwest
Healthcare Properties REIT (TSX: NWH.UN) made overnight on the Toronto Stock Exchange.
– ENDS –
ENQUIRIES
Chris Adams
Co-Head, ANZ, Northwest Healthcare Properties Management Limited
Tel +61 408 665 332, Email chris.adams@nwhreit.com
Michael Groth
Chief Financial Officer, Northwest Healthcare Properties Management Limited
Tel +61 409 936 104, Email michael.groth@nwhreit.com

About Vital (NZX code VHP):
Vital Healthcare Property Trust is an NZX-listed fund that invests in high-quality healthcare
properties in New Zealand and Australia including private hospitals (~78%* of portfolio value),
ambulatory care facilities (~18%* of portfolio value) and life science facilities (4%* of portfolio
value).
Vital is the leading specialist listed landlord of healthcare property in Australasia.
Vital is managed by Northwest Healthcare Properties Management Limited, a subsidiary of
Toronto Stock Exchange listed Northwest Healthcare Properties REIT (TSX: NWH-UN.TO), a global
owner and manager of healthcare property.
For more information, please visit our website: www.vhpt.co.nz
For more information about Northwest, please visit: www.nwhreit.com
__________________________________
* All figures are as at 31 March 2025

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Northwest Healthcare Properties Real Estate Investment Trust Appoints Zachary
Vaughan as Chief Executive Officer

Toronto, Ontario, June 16, 2025 – Northwest Healthcare Properties Real Estate Investment Trust (TSX:
NWH.UN) (the “REIT” or “Northwest”), a leading owner and operator of healthcare real estate
infrastructure in North America, Brazil, Europe and Australasia, is pleased to announce the appointment
of Zachary Vaughan as Chief Executive Officer.

M r. Va u ghan is an accomplished real estate executive with strong international experience and a proven
track record in both operational and strategic roles. His career in real estate spans significant roles at
Brookfield (including Managing Partner, Head of European Real Estate, Head of Multifamily Investments
and CEO of Brookfield REIT), CPP Investment Board, and International Property Corporation/Reichmann
International. Over the course of his career, he has consistently demonstrated his ability to shape strategy,
drive growth, and deliver substantial financial results.

M r. Va u g han will relocate full-time to Toronto following a period of transition from his current role as Head
of Real Estate of Arrow Global, where he remains a Non-Executive Di r e c t o r.

“I am honoured to join Northwest, a leader in healthcare infrastructure,” said M r. Va u ghan. “We have a
tremendous opportunity with our property portfolio and capabilities to deliver meaningful value to our
investors. I look forward to working with the talented team at Northwest to build on the strong foundation
that has been established.”

M r. Va u ghan succeeds Craig Mitchell, and the appointment will be effective July 2, 2025, immediately
following Mr. Mitchell’s planned retirement on July 1, 2025.

Bobby Julien, non-executive Chair of the REIT commented, “We sincerely thank Craig for his contributions
and the solid foundation he has built, and we are thrilled to welcome Zach, whose proven leadership and
expertise will guide Northwest into an exciting new chapter.”


About Northwest
Northwest provides investors with access to a portfolio of high-quality international healthcare real estate
infrastructure comprised as at May 14, 2025, of interests in a diversified portfolio of 169 income-producing
properties and 15.8 million square feet of gross leasable area located throughout major markets in North
America, Brazil, Europe and Australasia. The REIT's portfolio of medical outpatient buildings, clinics, and
hospitals is characterized by long-term indexed leases and stable occupancies. Northwest leverages its
global workforce in eight countries to serve as a long-term real estate partner to leading healthcare
operators. For additional information please visit: www.nwhreit.com.

Contacts:

Craig Mitchell, CEO, Craig.Mitchell@nwhreit.com,

Stephanie Karamarkovic, CFO, Stephanie.Karamarkovic@nwhreit.com,

Alyssa Barry, Investor Relations, Alyssa.Barry@nwhreit.com, investors@nwhreit.com, (416) 366-2000 Ext.
2202

Forward-Looking Statements:

This press release may contain forward-looking statements with respect to the REIT, its operations,
strategy, financial performance and condition. Forward-looking statements in this press release may
include statements concerning the timing of the CEO transition and delivering value to investors. Actual
results and performance could differ materially from those expressed or implied by such statements.

The forward-looking statements contained in this press release are based on numerous assumptions that
may prove incorrect, and that could cause actual results or events to differ materially from the forward-
looking statements. Such forward-looking 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, the factors described under ‘Risks and Uncertainties’ in the REIT’s Annual
Information Form, which is available on SEDAR+ at www.sedarplus.ca.

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, the REIT assumes no obligation to update such
statements.