NorthWest Healthcare Properties Management Limited (NWHPM, the Manager) is an external manager that provides management services to Vital and its unitholders. The Manager’s primary responsibilities include the day-to-day administration of Vital, portfolio management, sourcing new opportunities and 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.
The Manager’s board of five comprises three independent directors and two NorthWest appointees.
Vital’s leadership team is led by Aaron Hockly (Fund Manager), and draws on the skills and experience of over 50 real estate professionals across New Zealand and Australia with offices in Auckland, Melbourne, Sydney and Gold Coast. Full details of the Board and Management are available here.
NWHPM is a subsidiary of Toronto Stock Exchange-listed NorthWest Healthcare Properties REIT (NorthWest REIT). NorthWest REIT operates across seven countries in four continents and was founded by its current CEO, Paul Dalla Lana, in 2004. Among other roles, Paul is a director of Vital’s Manager.
NorthWest REIT has ~NZ$11bn of AUM (assets under management) globally and over 250 real estate professionals including 50 professionals across New Zealand and Australia. In Australia and New Zealand, NorthWest is led by regional CEO, Craig Mitchell.
Further information can be found here.