Vital Healthcare Property Trust (NZSE:VHP) agreed to acquire a private hospital in Camberwell, Melbourne for AUD 82.7 million on June 29, 2021. At settlement, the property will be subject to a new 20-year "triple net" lease to existing Vital tenant, Epworth Foundation, the largest not-for-profit private hospital operator in Victoria. The lease includes a deferred tenant incentive payable at the start of year four at which time the lease term resets to 20 years (a three-year lease extension). The acquisition is expected to complete prior to June 30, 2021.