NorthWest Healthcare Properties Real Estate Investment Trust (TSX:NWH.UN) will look for acquisitions. NorthWest has arranged a public offering, on a bought deal basis, of 13.9 million trust units at a price of $12.60 per unit, representing gross proceeds of approximately $175.14-million. The REIT intends to use the net proceeds of the Offering to: (i) fund its equity requirement for the purchase of a campus of four medical office buildings in the Netherlands (the "Netherlands MOBs"); and (ii) provide financial flexibility in respect of its previously announced proposed transaction to acquire Australian Unity Healthcare Property Trust ("AUHPT") as described in its May 31, 2021 press release (the "Proposed Transaction").

The remaining proceeds, if any, will be used to fund future acquisitions, to repay amounts outstanding on its credit facilities and for general trust purposes.