Canada's NorthWest Healthcare Properties Real Estate Investment Trust (NWH_u.TO) said it agreed to buy a medical office building in Toronto for about C$16.75 million to expand its asset portfolio. Northwest Healthcare, which owns medical office buildings and healthcare real estate, said the deal to buy the Malvern Medical Arts Building represents C$409 per square foot of rentable area. Northwest said the Malvern Medical Arts Building, which is anchored by the Malvern Medical Clinic, will be acquired free of any existing mortgages.
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