Vital Healthcare Property Trust (Vital) is a unit trust established under the Unit Trust Act 1960 by a Trust Deed dated 11 February 1994 as subsequently amended and replaced.
On 30 November 2016 Vital became a registered managed investment scheme under the Financial Markets Conduct Act 2013.
As an NZX-listed fund operating in New Zealand and Australia, we are subject to a range of governance and obligations in both countries. In particular, we’re required to act in accordance with:
NorthWest Healthcare Properties Management Limited (the Manager) is an external manager that provides management services to Vital and its unitholders.
Vital does not engage or employ any directors or employees of its own. The Manager provides a highly experienced and diverse range of professionals with expertise across a range of areas. The Manager’s primary responsibilities include:
- day-to-day administration of Vital
- portfolio management
- sourcing new opportunities
- conducting due diligence on potential acquisitions.
The Manager is also responsible for providing specialist property management, project management, development management and leasing services to the Trust.
Within the Trust Deed, the Manager is entitled to receive management fees and incentive fees. Details of management fees here. The Manager is licensed under the Financial Markets Conduct Act 2013 as a manager of registered schemes.
The Manager is a subsidiary of Toronto Stock Exchange listed company NorthWest Healthcare Properties REIT (TSX: NWH.UN) – a leading global healthcare real estate investment trust with extensive experience in healthcare property investment.
Details of Vital’s structure here.