Aug 1 (Reuters) - NorthWest Healthcare Properties REIT NWH_u.TO :
* NORTHWEST HEALTHCARE PROPERTIES REAL ESTATE INVESTMENT TRUST ANNOUNCES $2 BILLION AUSTRALIAN HEALTHCARE REAL ESTATE JOINT VENTURE AND EXPANDED AUSTRALIAN LEADERSHIP TEAM
* NORTHWEST HEALTHCARE PROPERTIES REIT - JV COMMITMENT IS EXPECTED TO BE FULLY DEPLOYED OVER A 4 YEAR PERIOD
* NORTHWEST HEALTHCARE PROPERTIES REIT - REIT EXPECTS TO BENEFIT FROM THIRD-PARTY FEE BEARING ASSETS UNDER MANAGEMENT OF ABOUT A$1.4 BILLION
* NORTHWEST HEALTHCARE PROPERTIES REIT - JV WILL BE 70% OWNED BY INSTITUTIONAL INVESTOR WITH REIT OWNING REMAINING 30% INTEREST
* NORTHWEST HEALTHCARE PROPERTIES REIT - ENTERED INTO JV AGREEMENT WITH A LARGE SOVEREIGN WEALTH FUND
* NORTHWEST HEALTHCARE PROPERTIES REIT - AGREED TO SELL 3 INCOME PRODUCING PROPERTIES, 1 DEVELOPMENT PROPERTY TO JV WITH AS-COMPLETE VALUE OF ABOUT A$412 MILLION