Q4 2015 INVESTOR UPDATE

March 10, 2016

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DISCLAIMER

This presentation provides a summary description of Northwest Healthcare Properties Real Estate Investment Trust (“NWH” or the “REIT”). This presentation should be read in conjunction with and is qualified in its entirety by reference to the REIT’s most recently filed financial statements, management’s discussion and analysis, management information circular (the “Circular”) and annual information form (the “AIF”).

This presentation contains forward-looking statements. These statements generally can be identified by the use of words such as “expect”, “anticipate”, “believe”, “foresee”, “could”, “estimate”, “goal”, “intend”, “plan”, “seek”, “strive”, “will”, “may”, “would”, “might”, “potential”, “should”, “stabilized”, “contracted”, “guidance”, “normalized”, or “run rate” or variations of such words and phrases. Examples of such statements in this presentation may include statements concerning: (i) the REIT’s financial position and future performance, including, normalized financial results, in-place and contracted run rates, payout ratios and other metrics; (ii) the REIT’s property portfolio, cash flow and growth prospects, (iii) liquidity, leverage ratios, future refinancings, fees earned by the asset manager to Vital Trust, anticipated capital expenditures, future general and administrative expenses, including estimated synergies and contracted acquisition and development opportunities, and (iv) the REIT’s intention and ability to distribute available cash to security holders.

Such forward-looking information reflects current beliefs of the REIT and is based on information currently available to the REIT. Other unknown or unpredictable factors could also have material adverse effects on future results, performance or achievements of the REIT. Forward-looking information involves significant risks and uncertainties should not be read as a guarantee of future performance or results and will not necessarily be an accurate indication of whether or not, or the times at which, or by which, such performance or results will be achieved, and readers are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements contained in this presentation are based on numerous assumptions which may prove incorrect and which could cause actual results or events to differ materially from the forward-looking statements. Although these forward-looking statements are based upon what the REIT believes are reasonable assumptions, the REIT cannot assure investors that actual results will be consistent with this forward-looking information. Such assumptions include, but are not limited to, the assumptions set forth in this presentation, as well as assumptions relating to (i) the REIT successfully realizing the operational and financial benefits described herein, including the realization of synergies, completion of anticipated acquisition and development opportunities, and generation of cash flow; and (ii) general economic and market factors, including exchange rates, local real estate conditions, interest rates and the availability of equity and debt financing to the REIT. These forward-looking statements may be affected by risks and uncertainties in the business of the REIT and market conditions, including that the assumptions upon which the forward-looking statements in this presentation may be incorrect in whole or in part, as well as risks related to increases or decreases in the prices of real estate; currency risk; project development, expansion targets and operational delays; marketability; additional funding requirements; governmental regulations, licenses and permits; environmental regulation and liability; competition; uninsured risks; contingent liabilities and guarantees, including the outcome of pending litigation; litigation; health and safety; trustees’ and officers’ conflicts of interest; the ability of the REIT to integrate the operations of NWI; the ability of the REIT to continue to develop and grow; and management of the REIT’s success in anticipating and managing the foregoing factors, as well as the risks described in the Circular and the AIF. The reader is cautioned that the foregoing list of factors is not exhaustive of the factors that may affect forward-looking statements. Other risks and uncertainties not presently known to the REIT or that the REIT presently believes are not material could also cause actual results or events to differ materially from those expressed in its forward-looking statements. Additional information on these and other factors that could affect the operations or financial results of the REIT are included in reports filed by the REIT with applicable securities regulatory authorities.

These forward-looking statements, which reflect the REIT’s expectations only as of the date of this presentation. The REIT disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Certain information concerning Vital Trust contained in this presentation has been taken from, or is based upon, publicly available documents and records on file with regulatory bodies. Although the REIT has no knowledge that would indicate that any of such information is untrue or incomplete, the REIT was not involved in the preparation of any such publicly available documents and neither the REIT, nor any of their officers or trustees, assumes any responsibility for the accuracy or completeness of such information or the failure by Vital Trust to disclose events which may have occurred or may affect the completeness or accuracy of such information but which are unknown to the REIT.

Funds from operations (“FFO”), adjusted funds from operations (“AFFO”) and net operating income (“NOI”) are not measures recognized under International Financial Reporting Standards (“IFRS”) and do not have standardized meanings prescribed by IFRS. FFO, AFFO and NOI are supplemental measures of a real estate investment trust’s performance and the REIT believes that FFO, AFFO and NOI are relevant measures of its ability to earn and distribute cash returns to unitholders. The IFRS measurement most directly comparable to FFO, AFFO and NOI is net income. A reconciliation of NOI, FFO and AFFO to net income is presented in the REIT’s management’s discussion and analysis of financial condition and results of operations of the REIT for the period ended December 31, 2015, as filed on SEDAR.

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NorthWest Healthcare Properties Real Estate Investment Trust (TSX: NWH.UN) provides investors with access to a portfolio of high quality international healthcare real estate infrastructure located throughout major markets in Canada, Brazil, Germany, Australia and New Zealand.

CORE HEALTHCARE INFRASTRUCTURE IN MAJOR MARKETS

NWH AT A GLANCE

ASSET MIXREGIONS

8.0M 122 $2.7BNSQUARE FEET

T O R O N T O

S Ã O P A U L O

B E R L I N

A U C K L A N D

PROPERTIES TOTAL ASSETS

95.9% 10.0OCCUPANCY (3) YEAR WALE (3)

$675M 8.5%MARKET CAP DISTRIBUTION YIELD (1)

ESTABLISHED RELATIONSHIPS WITH LEADING HEALTHCARE OPERATORS

7.3%

NOI DIVERSIFICATION (3)

IFRS CAP RATE

92.0%PAYOUT RATIO (2)

1. Based on NWH.UN’s closing unit price of $9.44/unit as of March 8, 2015.2. Based on the REIT’s distribution policy of $0.80/unit per annum and based on normalized AFFO of $0.87/unit.3. Occupancy, WALE, and NOI diversification metrics are consolidated and have been adjusted to exclude the 13 assets held for sale in Canada. NOI diversification is based on the REIT’s 24.5% proportionate ownership of Vital Trust.

S Y D N E Y

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TRANSFORMATIONAL 2015

Improved Market Profile

Defensive High Quality Portfolio

Positioned for Growth

Core Healthcare Focus

Major Global Markets

Asset & Capital Diversification

Improved Portfolio Metrics

Increase in Market cap.

Reduced Payout Ratio

Reduced Leverage

Increased NAV

Aligned & Integrated Global Platform

Leverage Institutional Relationships

Identified Expansions and Developments

Actionable Acquisition Pipeline

Strategic International Growth

Operational Strength

Scalable Platform

Defensive Healthcare Assets

Canadian Medical Office Building (MOB) Consolidation

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DASHBOARD

As Reported Run Rate

$0.82/unit

49.2% / 55.5%

$10.71/unit

$0.90 to $0.95/unit

~$11.00/unit

AFFO/unit (1)

LTV (2)

NAV (3)

12 – 18 month target

Renewed emphasis on capital allocation – target 50% International asset mix

Deliver stable property operating performance, cash flow and distributions

Capital markets seasoning

Normalized

$0.87/unit

~$10.71/unit

Reflects impact of completed transactions

PortfolioQuality

Occupancy / WALE (4)

49.2% / 55.5% ~50.0%

95.9%10.0 years

95.9%10.0 years

~96.0%~10.5 years

1. Reported AFFO/Unit represents total AFFO on a weighted average basis for the twelve month period ending December 31, 2015. The normalized/run rate is based on Q4-15 AFFO/unit annualized.2. LTV excluding and including convertible debentures is 49.2% and 55.5% respectively, both metrics are shown on a fully consolidated basis (Vital Trust at 100%). 3. NAV represents adjusted NAV, which is based on net equity plus add-backs of deferred tax liability, net derivative financial instruments, DUP liability, and an adjustment to the Vital intangible asset.4. Occupancy and WALE metrics have been adjusted to exclude the 13 assets held for sale in Canada.

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2015 RESULTS

2016 GOALS

2016GOALS TARGET

Balance sheet optimized‐ Completed ~$300M of

financing ‐ $0.07/unit of annual

interest savings

Portfolio repositioned ‐ Canadian non-core asset

dispositions substantially complete

Merger integration complete‐ Integrated Global

platform

Reduced portfolio risk ‐ Increased scale and

diversification ‐ Major market focus ‐ Shift to core healthcare

asset classes – MOB’s, Clinics, Hospitals, Aged Care

$5.0BN Portfolio‐ Leading position in each

core market ‐ Increased focus on core

healthcare infrastructure

Achieve differentiated valuation ‐ Capital markets seasoning ‐ Improve market profile ‐ Healthcare real estate

warrants a premium valuation – US experience

Defensive financial profile ‐ Target ~80% AFFO payout‐ Target ~40% LTV

Provide Stable & Defensive Operating Results‐ Inflation indexed triple-net rents ‐ Stable & improving occupancy levels ‐ Focus on core healthcare tenancies

Grow leading international platforms:‐ Australasia: Strategic growth ‐ Brazil: Focus on AAA assets ‐ Canada: Asset management & development ‐ Germany: Continue MOB consolidation

Establish institutional capital relationships ‐ A “healthcare moment” ‐ Leverage leading management platform ‐ Drive incremental fee revenue

~85%Payout Ratio

~$11.00NAV/Unit

~50%LTV

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DEFENSIVE, HIGH YIELDING SECURITY WITH GROWTH POTENTIAL

Supportive Fundamentals

Favourable demographics and industry trends including aging populations and rising healthcare expenditures

Attractive Asset Class

Defensive portfolio comprising core healthcare infrastructure located in global gateway cities supported by robust healthcare systems and leading operators

Growth Opportunities

Significant internal and external growth prospects underpinned by inflation indexed leases, accretive captive expansions and industry consolidation

Value Opportunity

Currently trading at a discounted AFFO multiple and P/NAV relative to Canadian REITs and healthcare real estate peers

Proven & Aligned

10+ year public company history with highly aligned founder and management team

INVESTMENT HIGHLIGHTS

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F I N A N C I A L O V E R V I E W

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FINANCIAL HIGHLIGHTS

POSITIVE FINANCIAL OPERATING RESULTS IN LINE WITH MANAGEMENT GUIDANCE

NORMALIZED RESULTS HAVE BEEN ADJUSTED TO REFLECT THE IMPACT OF RECENTLY COMPLETED TRANSACTIONS

NORMALIZATION ADJUSTMENTS

Normalization adjustments principally relate to:

‐ Repayment of Brazil debt at 8.95% the convertible debenture proceeds and existing resources

‐ Refinancing of Canadian properties down from a weighted average interest rate of ~5.5% to ~3.0%

‐ Accrued rent to Q4 2015 based on contract rental indexation adjustments in Brazil and Australia/New Zealand

‐ Rentalisation from completed expansion projects in Australia at the end of Q4-2015

‐ Non-recurring items that will not have an on-going impact in future quarters

Q4-15 As Reported

Q4-15 Normalized

NOI $44.3M $45.2M

FFO $13.2M $14.9M

AFFO $14.0M $15.7M

W.A Units Outstanding (1) 71,715 72,031

AFFO / Unit $0.20/unit $0.22/unit

Payout Ratio ~100.0% ~92.0%

LTV (2) 49.2% / 55.5% 49.2% / 55.5%

Net Asset Value / Unit $10.71/unit $10.71/unit

1. Units outstanding has been adjusted in the normalized case for subsequent unit activity with the NCIB and DUP programs.2. LTV excluding and including convertible debentures is 49.2% and 55.5% respectively, both metrics are shown on a fully consolidated basis (Vital Trust at 100%).

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REGIONAL DASHBOARD

C A N A D A B R A Z I L

A U S T R A L A S I A G E R M A N Y

LEADING MEDICAL OFFICE PLATFORM

CONSOLIDATION OF MEDICAL OFFICE BUIDLINGS

STRONG RELATIONSHIPS WITH LEADING OPERATORS

2.2%NOI Growth (1)

90.7%Occupancy

4.6YRWALE

LEADING PUBLICLY LISTED HEALTHCARE TRUST 2.8%NOI Growth (1)

95.7%Occupancy

5.0YRWALE

NOI Growth (1)

100%Occupancy

21.2YRWALE

3.6%NOI Growth (1)

99.5%Occupancy

17.4YRWALE

5.7%

1. Represents same property NOI growth (“SPNOI”) for the twelve months ended December 31, 2015 in source currency. For Brazil, annual inflation indexation adjustments effective January 2016 are ~10.6%, based on the trailing twelve months of the inflation index. For Australia, reported same store NOI growth is ~10.7%, however, this has been adjusted to remove the additional rent received from the rentalization of completed brownfield projects.

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SEGMENTED FINANCIAL INFORMATION

1. Reflects a full quarter of normalized income for the Canadian region for the three months ended December 31, 2015.2. Represents Vital Trust on a fully consolidated basis.3. Includes goodwill related to the business combination and Corporate debt including the four series of convertible debentures.4. Total liabilities have been reduced by the REIT’s proportionate share of its deferred tax liability, derivative financial instruments, deferred unit liability, and an adjustment to the fair value of the Vital

Manager to arrive at adjusted liabilities.

Canada (1) Brazil Germany Australasia(2) Vital Mgr. Corporate (3) Combined

NORMALIZED INCOME SUMMARY:

NOI $20.6 $6.9 $2.3 $14.5 Nil Nil $44.3

FFO $13.6 $3.3 $1.4 $1.6 $2.0 ($8.7) $13.2

AFFO $10.5 $4.2 $1.3 $1.6 $2.1 ($5.7) $14.0

BALANCE SHEET SUMMARY:

Gross Assets $1,280.2 $349.6 $167.1 $810.5 $58.8 $45.9 $2,712.0

Adjusted Liabilities (4) $756.8 $90.2 $85.9 $664.9 Nil $345.9 $1,943.8

Net Assets $523.4 $259.3 $81.2 $145.1 $58.8 ($300.0) $768.2

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CAPITALIZATION

DEBT MATURITY PROFILE (1)Market

Capitalization$675M

Enterprise Value $2.1BN

IFRS Gross Book Value $2.7BN

LTV (Excluding

Convertibles)49.2%

LTV (Including

Convertibles)55.5%

W.A. Interest Rate 4.82%

% Unsecured 19%

% Fixed 81%

REGIONAL DEBT STRATEGIES

Type Asset LevelTerm Debt

Bank Loans and Securitization

Asset Level Term Debt

Asset Level Revolving Debt

LTV 60% 80% (1) 70% 50%

Interest Rates (2) ~3.0% ~9.0% ~2.0% ~3.5%

Amortization 25 years 10 years 50 years Interest Only

% of debt maturing 

11.2% 11.5% 21.1% 20.2% 21.1%15.0%

1. Reflects the debt maturity profile as per the REIT’s Q4-15 MD&A and does not include deferred consideration.2. Representative 5 year fixed interest rates. Brazil representative interest rate reflects market securitization terms and is subject to annual inflation adjustments.

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NAV GROWTH

Positive investment property revaluations

‐ Annual revaluations with each of the regions exhibiting strong NOI increases, on the back of continued leasing and occupancy improvements as well as strong growth in same property rents.

Growth across all regions

‐ Canada: Softness in the West, partially offset by strength in Ontario and the REIT’s asset management initiatives

‐ Brazil: S&P credit rating upgrades for its major tenant Rede D’Or, on the back of US$2BN of private equity investment from the Carlyle Group/GIC and improved rental coverage ratios. NOI increases due to annual indexed leases based on twelve months of inflation at ~10.5%.

‐ Australasia/Vital Manager: Completion of expansion projects in December 2015 coupled with inflation indexed rents and strong market reviews, continue to drive NOI growth.

Favourable currency environment‐ Strong currency performance reflecting

diversified capital exposure during the quarter ‐ Brazil Real up by 3.8%‐ Euro up by 1.2%‐ New Zealand up by 10.9%

Canada Brazil Germany Australasia Vital Mgr. Total

Value Attributable To:

NOI increases $9.7M $9.9M $6.6M $22.8M $12.0M $61.0M

Implied cap rate changes ($21.4M) $10.4M $3.4M $20.3M - $24.7M

Other (1) $8.9M - - - - $8.9M

Total ($2.8M) $20.3M $10.0M $43.1M $12.0M $82.6M

Per Unit ($0.04) $0.28 $0.14 $0.60 $0.17 $1.15

1. Other represents the $1.6M gain on sale of 3 assets sold during the quarter and the balance on asset management activities atRiley Parkwood

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RISK MANAGEMENT – FOREIGN EXCHANGE

RENTAL INDEXATION ACTS AS NATURAL CURRENCY HEDGE

LOCAL CURRENCY PROPERTY / CORPORATE DEBT TO REDUCE INVESTMENT RISK

OVER A 10 YEAR PERIOD, PORTFOLIO INDEX HAS REMAINED RELATIVELY IN-LINE WITH ITS BASE VALUE

Currency depreciation in Brazil has been offset by annual rental indexation

+7.6%+0.1%

CAGR

BRAZIL – SAME PROPERTY NOI GROWTH

Dec-15

107.8

77.9

95.8

93.7

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P O R T F O L I O OV E R V I E W

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BRAZIL

5 Hospitals /~900 Beds

2 Committed Developments

S&P Rated Tenants

CANADA

70 Medical Office Buildings

1,450 tenants

2 Active Developments

VITAL PROPERTY TRUST

GERMANY

New Zealand Listed Entity

28 Properties

2 Active Developments

19 Medical Office Buildings

350 Tenants

2 Development Sites

PORTFOLIO OVERVIEW

$2.7BN International Platform Canada / Brazil / Germany / Australia & NZ

Berlin

São Paulo

Toronto

Melbourne

Auckland

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Tenant Region % of Gross Rent

Rede D'Or SL 12.3%

Healthe Care 3.5%

Bantrel Corporation 2.9%

CLSC/CSSS 2.2%

Hospital Sabara 1.7%

Shoppers Drug Mart 1.5%

Lawtons Drugs 1.3%

Alberta Health Services 1.3%

Province of Ontario 1.0%

Centric Health 0.9%

Top 10 Tenants 28.8%

PORTFOLIO DIVERSIFICATION

DIVERSIFIED PORTFOLIO IN STRATEGIC INTERNATIONAL MARKETS AND STABLE, CORE HEALTHCARE REAL ESTATE ASSET CLASSES

DIVERSIFIED TENANT BASE WITH STRATEGIC PARTNERSHIPS WITH LEADING HEALTHCARE OPERATORS IN LOCAL MARKETS

TOP 10 TENANTS BY GROSS RENT (2)

1

2

3

6

7

8

9

10

4

5

NOI DIVERSIFICATION BY GEOGRAPHY (1)

NOI DIVERSIFICATION BY ASSET MIX (1)

1. In the REIT’s Q4-2015 MD&A, the diversification charts for the countries and asset mix are based on investment value and GLA respectively. The pie charts above reflect proportionate NOI, excluding the assets held for sale.

2. Gross rent has been adjusted to reflect the REIT’s 24.5% proportionate interest in Vital Trust as well as recording Hospital Sabara at its gross rent (before financing).

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Assets MOB + Hospital Admins / Traditional Office

Size ~410k Square Feet

TenantsProvince of Ontario, Sick Kids Hospital, and other

medical tenancies

Cap Rate (1) ~6.0%

Occ. ~94%

Lease Term ~6 Years

Rental Increase Contract Rents

Acquisition Date Jan 2011

Assets 3 Hospitals

Size 446 Beds / ~573k Square Feet

TenantsHospital Operator Rede D’Or

S.L.S&P “A-” Rated

Cap Rate (1) ~9.2%

Occ. 100%

Lease Term ~25 Years

Rental Increase Annual Inflation Index

Acquisition Date Dec 2013

Assets 1 Hospital

Size 45 beds / expansion potential

Tenants SportsMed

Cap Rate (1) ~8.0%

Occ. 100%

Lease Term ~17 Years

Rental Increase Annual Inflation Index

Acquisition Date December 2010

Assets 14 MOBs

Size ~410k Square Feet

Tenants ~200 Medical Practitioners & Related Services

Cap Rate (1) ~6.4%

Occ. ~95%

Lease Term ~5 Years

Rental Increase Annual Inflation Index

Acquisition Date Jun 2014 & Aug 2014

REPRESENTATIVE INVESTMENTS

Rede D’Or Hospital Portfolio

German MOB Portfolio

SportsMed Private Hospital

Dundas-Edward Centre

1. IFRS cap rates as at December 31, 2015.

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The REIT currently has identified 17 non-core asset dispositions – Combined IFRS value of ~$100M; Outstanding mortgages of ~$70M– Estimated net proceeds of ~$30M after transaction costs

During the quarter the REIT made significant progress on its disposition program– Sold 3 assets in Q4-15 for ~$21.0M, slightly above IFRS values– Subsequently sold 8 assets in 2016 (year to date) – 5 assets actively marketed/under conditional contracts

NON-CORE ASSET DISPOSITIONS IN CANADA

THE REIT CONTINUES TO FOCUS ON BUILDING SCALABLE PORTFOLIOS IN GLOBAL GATEWAY CITIES

RENEWED EMPHASIS ON CAPITAL ALLOCATION –TARGET 50% INTERNATIONAL PORTFOLIO MIX OVER TIME

CANADAQ4-2015

CANADAProforma

SP NOI Growth 2.2% 2.8%

Occupancy 90.7% 93.1%

WALE 4.6 4.6

PORTFOLIOQ4-2015

PORTFOLIOProforma

3.2% 3.5%

94.3% 95.9%

9.5 9.9

160bps

30bps

0.4yr

EXISTING PORTFOLIO (1) PROFORMA PORTFOLIO (1)

1. Based on NOI by region proportionally consolidated reflecting a 24.5% interest in Vital Trust. Redeployment of disposition proceeds is assumed to be in Brazil & Germany based on a 25/75 split, respectively.

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Completed 3 expansion projects in Australia in Dec ‘15 totaling ~$27M of costs– Completed Hurstville (Phase II), Belmont, and Maitland in December; generating an incremental $2.4M in rent

$125M of committed low risk development & expansions – $27.2M Australian hospital expansions to be funded through existing resources – $49.0M Brazil hospital expansions to be funded through a combination of existing resources and property financing – $51.6M Canadian development to be funded through property level financing

$11.1M of stabilized net operating income– Potential to generate up to an incremental $0.05 of AFFO/Unit (1)

$13.9M of stabilized value accretion – Potential to generate up to an incremental $0.17 of NAV/Unit (1)

ACCRETIVE DEVELOPMENT & EXPANSIONS

WITH A TRACK RECORD OF COMPLETING MORE THAN $325M OF DEVELOPMENT AND EXPANSIONS, THE REIT IS LEVERAGING ITS EXPERIENCE TO DELIVER AN ADDITIONAL $125M OF INCOME AND VALUE ENHANCING PROJECTS TO ITS PORTFOLIO

Country Projects Est. Completion

Project Cost

Cost to Complete

Pre-LeasedOccupancy

Project Yield

ProjectNOI

Potential Value

Accretion

2 Q1 2016 to Q3 2016 27.2 12.1 100.0% 8.5% 2.3 2.2

2 Q4 2016 / Q4 2018 49.0 49.0 100.0% 10.5% 5.1 7.2

2 Q4 2016 51.6 19.8 74.3% 7.1% 3.6 4.5

6 127.8 80.9 11.1 13.9

1. Assuming projects are 100% debt funded at the existing region’s financing costs and is for indicative purposes only.

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Acquired in early 2015

Project cost ~$26.0M

Stabilized Yield 6.5%

Acquired in early 2015

Project cost ~$25.5M

Stabilized Yield 6.5%

Ground-up development of a new ~80,000 SFmedical office building to house the Barrie Family Health Team.

Barrie Medical CentreBarrie, ON

Toronto West Health CentreEtobicoke, ON

Existing redevelopment of a medical building complex, consisting of two buildings of ~80,000 SF. Redevelopmentwill be home to the Etobicoke Family Health Team.

DEVELOPMENT PROJECTS – CANADA

Opening Date May 2016 Completion Date Summer 2016

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ACQUISTION PROFILE – GERMANY

Asset under contract:

Purchase Price ~€15.0M (~C$23.0M)

# of Buildings 2x

Asset Type Medical Office Buildings

Rentable Area 82,000 sf

Occupancy ~98%

Building Age 1985 – 2007

Lease Terms:

Cap Rate ~7.0%

WALE ~5.0 years

Tenants 53 tenants(85% medical / 15% retail)

Lease Type Double-net; ~80% with renewal options

Rental Growth Inflation-indexed

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S T R A T E G Y & O U T L O O K

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Aging Population

>65 population cohort growing rapidly in developed countries

580mm people worldwide over 65 by 2018, ~10% of global population

Consolidation & Cost Savings

Scale required for efficiency and quality

Rise of Public Private partnerships

Growing Populations and Wealth Creation

Emerging economies demanding better access to quality care

Patients seeking more choice and control

The Rise of Private Healthcare

Budget pressures affecting the sustainability of public healthcare funding

Governments mandating lower costs and improved quality

Increased Healthcare Spending

$7.2 trillion global healthcare spending 10.6% of global GDP

Growing at 5.2% per annum

COMPELLING NEED FOR CAPITAL, FACILITIES AND REAL ESTATE SOLUTIONS1. Source: Deloitte 2015 Global Healthcare sector outlook

KEY DRIVERS OF HEALTH CARE REAL ESTATE

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THE U.S. EXPERIENCE

$1 Trillion Estimated U.S. Healthcare Real Estate Market Exceeds $1 Trillion

$100 Billion &< 15%

Largest Healthcare REITs Acquired More Than $100 Billion over Last 10 Years, But Still Owns Less than 15% of the Market

Return & Stability Large U.S Healthcare REITs Historically Generated Better Returns with Less Volatility

HISTORICAL NOI GROWTH OF “BIG 3 HEALTHCARE REITS (1)

2.0% 1.7% 1.5%

4.9% 3.7% 4.2%

3.3%

(4.0%)

(2.0%)

--

2.0%

4.0%

6.0%

2007 2008 2009 2010 2011 2012 2013

Big 3 HC REITs Major Sectors1. Source: Green Street Advisors (May 2014)

HEALTHCARE REAL ESTATE OPPORTUNITIES

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RELATIVE VALUATION

THE REIT IS TRADING AT A SIGNIFICANT DISCOUNT TO ITS PEERS ON BOTH AN AFFO MULTIPLE AND NET ASSET VALUE BASIS

AFFO MULTIPLE

$12.01 •

$9.92•

$14.36•

10.9x

13.8x

11.4x

16.5x

0

18x

12x

6x

$9.71 •$9.35 •

$11.48 •

(11.9%)

0

10%

NWH.UN Canadian REITS(EV > $1BN)

Internationally Focused Canadian

REITS

US Healthcare REITS (Top 5)

• Implied Share Price

$9.44

$9.44

- Based on NWH.UN’s closing unit price of $9.44/unit as of March 8, 2016 and normalized AFFO/Unit of $0.87 per year ($0.22/unit for the quarter) - NAV is based on Q4 2015 reported NAV/unit of $10.71

7.2%

(11.6%)

(12.7%)

PREMIUM / (DISCOUNT) TO NAV

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INVESTOR FACTSHEET

Ticker NWH.UN 

Listed Exchange TSX

Distribution Payable Monthly

Distribution Type 100% Return of Capital for 2015

Unit Price $9.44 (March 8, 2016)

Market Capitalization  $675M

Distribution Yield ~8.5%

52‐Week Trading Range $7.45 ‐ $9.44

Volume Weighted Avg. Price (VWAP) (20‐day) $8.89

Average Daily Volume (20‐day) 136,000

NAV Q4‐2015  $10.71

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CONTACT INFORMATION

Paul Dalla Lana, Chairman & CEO416-366-2000 Ext. 1001

Vincent Cozzi, President & CIO 416-366-2000 Ext. 1005

Shailen Chande, VP – Investments 416-366-2000 Ext. 1106

NORTHWEST HEALTHCARE PROPERTIES REIT

2828

R E G I O N A L P O R T F O L I OO V E R V I E W S

A P P E N D I X 1

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1. Shown on a fully consolidated basis. NWH owns a 24.5% interest in Vital Trust2. Based on proportionally consolidated NOI3. Gross assets (IFRS) as of December 31, 20154. Based on total assets of NWH and Vital Trust on a fully consolidated basis, including corporate assets which are not shown; $2.1 billion in proportionate ownership5. Per IFRS financial statements as of December 31, 2015

PORTFOLIO PROFILE

GLOBAL HEALTHCARE REAL ESTATE INFRASTRUCTURE COMBINED PORTFOLIO COMPRISES 122 PROPERTIES TOTALING 8.0MM SQUARE FEET OF GLA IN FIVE COUNTRIES

STRONG OPERATING FUNDAMENTALS WITH OCCUPANCY OF ~96%, WALE OF ~10 YEARS AND 68% / 32% MOB/HOSPITAL MIX

Q3 2015 Canada Brazil Germany Australasia (1)

Combined Platform

Proforma Platform

Total Non-Core Core

Number of Properties 70 13 57 5 19 28 122 109

Asset Mix (2) 100% MOB

100% MOB

100% MOB

100% Hospital 100% MOB

~15% MOB / ~85%

Hospital

68% MOB / 32% Hospital

67% MOB / 33% Hospital

GLA (Million Square Feet) 4.6 0.6 3.8 1.0 0.8 1.8 8.0 7.4

Gross Assets (3) $1,280 $78 $1,202 $350 $167 $810 $2,700 (4) $2,530 (4)

Occupancy 90.7% 76.4% 93.1% 100.0% 95.7% 99.5% 94.3% 95.9%

WALE (Years) 4.6 4.8 4.6 21.2 5.0 17.4 9.6 10.0

Avg. Building Age (Years) ~32 ~37 ~31 ~11 ~15 ~15 ~26 ~22 to 25

WeightedAverage Cap Rate (5)

6.6% 9.2% 6.4% 7.6% 7.3% 7.2%

30

CANADA: LARGEST PORTFOLIO OF MOB ASSETS

Dundas-Edward Centre Toronto, ON

Le Carrefour MedicalLaval, QC

YT

SK

QC

ON

NU

NT

NL

MB

BC AB

NBPE

NS

Winnipeg (2)Kamloops (1)

Edmonton (4)

Calgary (7)

Airdrie (1)

Spruce Grove (1)

INVESTMENT AND MARKET OVERVIEW

Canada’s largest non-government owner/manager of MOBs and healthcare related facilities Portfolio of 70 properties comprising GLA of 4.6 million sf and

~1,500 tenants 90.7% occupancy and ~4.6 year WALE

High quality real estate with stable cash flow underpinned by tenancies supported by the Canadian publicly funded healthcare system

Provides stability and diversification to a broader international healthcare real estate portfolio

QC PEON

NS

NB

Levis (1)

Laval (1) Lachenaie (1)Joliette (1)

Hamilton (3)

Halifax (2)

Guelph (2)

Fredericton (1)

Dartmouth (1)

Collingwood (1)

Chatham (1)

Cambridge (1)

Richelieu (1)

Quebec City (4)

Port Hope (1)

Ottawa (1)

Orillia (1)

Oakville (1)

New Glasgow (1)Moncton (1)

Mississauga (1)

Midland (1)

Lower Sackville (1)

Longueuil (2)

London (2)

Windsor (2)

Whitby (1)

Vaudreuil-Dorion (1)

Toronto (10)

Sudbury (2)

St. Thomas (1)

Lindsay (1) Montreal (1)Saint Hubert (1)

CANADA

31

BRAZIL: NEWLY BUILT PRIVATE PAY HOSPITAL ASSETS

INVESTMENT AND MARKET OVERVIEW

Institutional quality, core healthcare infrastructure assets in strategic markets including São Paulo, Brasilia and Rio de Janiero 100.0% occupancy and ~21.2 year WALE

Stable cash flow with long-term, triple-net, inflation-indexed leases, providing consistent organic growth

Long-term relationship with one of the country’s leading hospital operators Rede D’Or São Luiz S.A. (S&P National Rating: AA-)

Hospital Caxias D’OrRio de Janeiro

Hospital Infantil SabaráSão Paulo

Manaus Belem Fortaleza

Natal

Recife

Macieo

Salvador

Brasilia

Rio De JaneiroSão Paulo

Port Alegre

Hospital CoraçãoHospital Santa Luzia

Hospital CaxiasHospital Brasil

Hospital Sabará

PARA

GOIAS

FEDERAL DISTRICT

AMAZONAS

BAHIA

SÃO PAULO RIO DE JANEIRO

RIO GRANDE DO SUL

CEARARIO GRANDE DO NORTE

ALAGOAS

PERNAMBUCO

AMAPÁ

MINAS GERAIS

RORAIMA

MARANHÃO

PIAUI

TOCANTINSRONDÔNIA

ACRE

MATO GROSSODO SUL

PARANÁ

SANTACATARINA

32

GERMANY: STRATEGICALLY LOCATED MOB ASSETS

6

1

1

11

Berlin Assets

Leipzig Portfolio

Ingolstadt

Fulda

NORDRHEIN-WESTFALEN

NIEDERSACHSEN

BADEN-WÜRTTEMBERG

SAXONY-ASPHALT

HESSEN

RHINELAND-PFALZ

BERLIN

SACHSEN

HAMBURG

SCHLESWIG-HOLSTEIN

BRANDENBURG

BAYERN

MECKLENBURG-VORPOMMERN

SAARLAND

BREMEN

THURINGIA

INVESTMENT AND MARKET OVERVIEW

High quality MOB assets located in the major markets including Berlin, Frankfurt, Ingolstadt and Leipzig 95.7% occupancy and ~5.0 year WALE

Highly fragmented MOBs market in Germany presents a unique opportunity to consolidate healthcare infrastructure assets accretively

Fully integrated property management and asset management capabilities allow efficient operation and deal sourcing

PolimedicaBerlin

Adlershof 1Berlin

Hollis CentreIngolstadt

Berlin NeukollnBerlin

Munich

Frankfurt

33

AUSTRALASIA: STRATEGIC INVESTMENT IN VITAL TRUST

WESTERN AUSTRALIA

NORTHERNTERRITORY

QUEENSLAND

SOUTH AUSTRALIA

NEW SOUTH WALES

VICTORIA

TASMANIA

1

1

4

6

6

1

NEW ZEALAND

6

AUSTRALIA

Marian CentrePerth, AU

Epworth Eastern Medical CentreMelbourne, AU

Ascot HospitalAuckland, NZ

Epworth Eastern HospitalMelbourne, AU

INVESTMENT AND MARKET OVERVIEW

Manager and 24.5% strategic shareholder of Vital Trust (NZX:VHP), Australasia’s largest listed healthcare real estate owner with 17 private hospitals, 7 MOBs, and 4 development lots 99.5% occupancy and ~17.4 year WALE

Stable and growing cash flows underpinned by tenancies of high quality hospital and healthcare operators with long-term, inflation-indexed leases

3434

M A N A G E M E N TB I O G R A P H I E S

A P P E N D I X 2

35

Peter RigginPresident –Canada

Fully integrated real estate owner and operator

HQ in Toronto plus five regional offices

139 professionals

Gerson AmadoManaging Director –Brazil

Leading healthcare real estate asset management platform

Relationships with hospital operators Rede D’Or SL and Sabara

2 professionals

Jan KrizanManaging Director –Germany

Established platform with full property management and asset management capabilities

Office in Berlin 19 professionals

David CarrPresident -Australasia

CEO – Vital Trust

Fully integrated property management and asset management

Offices in Auckland and Melbourne

12 professionals

Paul Dalla LanaChairman &CEO

Founder of NWH REIT Largest unitholder of NWH

Vincent CozziPresident and CIO

President and CIO Previously Senior Vice

President, Acquisitions at Ventas

Teresa NetoCFO

CFO Previously CFO of KEYreit

and Retrocom REIT Chartered Accountant

Mike BradyEVP & General Counsel

EVP and General Counsel Previously a Partner at

Baker & McKenzie LLP and McLean & Kerr LLP

GLOBAL PLATFORM WITH REGIONAL CAPABILITY AND EXPERTISE

HIGHLY EXPERIENCED AND ALIGNED EXECUTIVE MANAGEMENT TEAM

FULLY ESTABLISHED, SCALABLE REGIONAL TEAMS WITH EXPERTISE IN PROPERTY MANAGEMENT, ACQUISITIONS AND DEVELOPMENT

LOCAL MARKET KNOWLEDGE AND STRONG RELATIONSHIPS WITH LEADING HEALTHCARE PROVIDERS

OVER 180 PROFESSIONALS ACROSS 9 OFFICES IN 5COUNTRIES

MANAGEMENT – COMBINED REIT REGIONAL OPERATING PLATFORM AND EXPERTISE