NorthWest Healthcare Properties Real Estate Investment Trust announced that it has acquired an approximate 5.1% direct interest in Australian Unity Healthcare Property Trust ("AUHPT") under its previously announced put and call option arrangements (the "Options") with Hume Partners Pty Ltd. Concurrently, the REIT and a capital partner (collectively the "Bidding Consortium") have made an all-cash offer to acquire 100% of the outstanding units of AUHPT that the REIT does not already own at a price of AUD 2.55 per Wholesale Unit, AUD 2.61 per Retail Unit and AUD 1.62 per Class A unit (collectively, the "AUHPT Units") under a trust scheme (the "Proposed Transaction"). The Proposed Transaction, which remains subject to AUHPT unitholder approval, implies a total equity value for AUHPT of $2.0 billion (AUD 2.1 billion) and an enterprise value of $2.6 billion (AUD 2.7 billion) including existing debt of $587 million (AUD 618 million). The Proposed Transaction represents an approximate 30% premium and 16% premium to AUHPT's unaffected unit price as of February 17, 2021 and current unit price, respectively. Including the REIT's directly held units, the Bidding Consortium currently owns 5.1% of the aggregate value of issued and outstanding AUHPT Units and has Options over an additional 11.1% for a total beneficial ownership of 16.2%, which makes it AUHPT's beneficial unitholder and reduces the prospect of a superior proposal emerging.