Q3 2015

INVESTOR UPDATE

November 12, 2015

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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 September 30, 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 MIX REGIONS

8.0M 123 $2.5BN SQUARE 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

S Y D N E Y

PROPERTIES TOTAL ASSETS

95.8% 9.9 OCCUPANCY (3) YEAR WALE (3)

$620M 9.3% MARKET CAP DISTRIBUTION YIELD (1)

ESTABLISHED RELATIONSHIPS WITH LEADING HEALTHCARE OPERATORS

7.4%

NOI DIVERSIFICATION (3)

IFRS CAP RATE

95.7% PAYOUT RATIO (2)

1. Based on NWH.UN’s closing unit price of $8.60/unit as of November 3, 2015. 2. Based on the REIT’s distribution policy of $0.80/unit per annum and based on normalized AFFO of $0.84/unit. 3. Occupancy ,WALE, and NOI diversification metrics have been adjusted to exclude the 16 assets held for sale in Canada. NOI diversification is based on the REIT’s 24.5% proportionate ownership of Vital Trust.

3

Completed $105M of property level debt refinancing – Estimated annual interest savings of $0.02/unit of AFFO

Significant progress on non-core Canadian asset dispositions – 1 asset sold in Q3-15 and 7 under firm contract expected to close by Q1-16 – 4 assets under conditional contract

Completed ~$26M out of the ~$77M in accretive expansion projects in Australia – Generated an increase of rent of ~$2.5M, improving same store NOI – Additional ~$51M of expansion projects more than half-way complete with expected timing

ranging from Q4-15 to Q2-16. – Continued progress on the REIT’s Canadian development projects

Enhanced liquidity achieved through ~$125M of corporate financing – Renewed and increased the REIT’s revolving credit facility to $75M – Successful issuance of $53M of 5.50% convertible debentures

Purchased 700K of NWH REIT units at ~15% discount to Q3-15 NAV – Pursuant to the REIT’s normal course issuer bid – Average unit purchase price of $8.01

Q3 2015 SIGNIFICANT EVENTS

NWH HAS MADE SIGNIFICANT PROGRESS ON ITS CORE MANAGEMENT INTIATIVES:

BALANCE SHEET OPTIMIZATION

PORTFOLIO REPOSITIONING

MERGER INTEGRATION AND SYNERGIES

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DASHBOARD

As Reported Run Rate Portfolio

$0.80/unit

57.1%

$9.49/unit

$0.90 to $0.95/unit

~$10.00/unit

Annualized AFFO/unit

LTV (1)

NAV

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

$0.84/unit

~$9.49/unit

Reflects impact of completed transactions

Portfolio Quality

Occupancy / WALE (1)

57.1% ~50.0%

95.8% 9.9 years

95.8% 9.9 years

~96.0% ~10.5 years

1. Occupancy and WALE metrics have been adjusted to exclude the 16 assets held for sale in Canada.

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Goal

Progress

Progress on 12-18 Month Priorities

Portfolio Repositioning Balance Sheet Optimization Integration & Synergies

Execute early refinancings

Refinance high interest rate corporate debt

Extend maturities

Execute on contracted expansions and development

Non-core asset dispositions and select accretive international acquisitions

Deliver $1.5M of G&A synergies

Leverage platform for institutional investment and strategic partnerships

Achieve seasoned multiple in 12-18 months

8 of the 17 assets identified sold or under firm contract totaling ~$45M and additional 4 assets under conditional contract.

~65% completion on developments in Australia and Canada.

GOAL TRACKING

Issued C$53M convertible debentures at 5.50% to repay 8.95% Brazil debt

Refinanced ~$50M German debt at lower interest rates and lengthened the overall term

Commitments for Canadian 2016 refinancings to reduce rates from ~5.4% to ~3.3%

Reduced listing, audit, and other G&A costs due to single entity

Initiated research coverage from National Bank Financial and Canaccord Genuity with others expected in Q3/Q4 on back of property tours to Brazil and Germany in October 2015.

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Core healthcare infrastructure and major market focus – Improve portfolio quality and reduce risk

Capital markets seasoning – Deliver stable property operating performance, cash flow and

distributions

Reiterate run rate AFFO guidance of $0.90 - $0.95/unit – 12 to 18 month target – Combination of balance sheet optimization, portfolio

repositioning and merger integration – Target ~50% leverage and NAV growth through execution of

contracted development and expansion projects

Q3 2015 HIGHLIGHTS

FINANCIAL PERFORMANCE (1)

$44.1M NOI

$15.0M AFFO

$0.20/Unit AFFO / Unit

95.7% Payout Ratio

57.1% LTV (2)

$9.49/Unit NAV 2)

HIGH QUALITY PORTFOLIO

Occupancy

WALE

Gross Assets

STRATEGY & OUTLOOK POSITIVE HEALTHCARE FUNDAMENTALS

Aging Population

Stability &

Growth

Growing Populations &

Wealth Creation

The Rise of Private

Healthcare

Increased Healthcare Spending

9.9

95.8%

1. Financial metrics are presented on a normalized basis for the quarter ended September 30, 2015. 2. LTV and NAV have been presented on a fully consolidated basis including 100% of Vital Trust. On a proportionate basis, the REIT’s LTV and NAV/unit would be 63.0% and $9.50/unit, respectively.

$2.5B

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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

2.9% NOI Growth (1)

90.9% Occupancy

4.5YR WALE

LEADING PUBLICLY LISTED HEALTHCARE TRUST 1.5% NOI Growth (1)

94.9% Occupancy

4.8YR WALE

NOI Growth (1)

100% Occupancy

21.5YR WALE

3.2% NOI Growth (1)

99.4% Occupancy

17.3YR WALE

6.2%

1. Represents annualized same property NOI growth (“SPNOI”) for three months ended September 30, 2015 in source currency. For Germany, SPNOI for the quarter reflects normalized operating cost adjustments; excluding these adjustments SPNOI for the quarter is 9.4%. For Australia, SP NOI for the quarter reflects an adjustment for the increased rent due to the completion of the Hurstville development project; excluding these adjustments SPNOI is 7.5%.

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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% with newly issued convertible debentures at 5.50%

- Accrued rent to Q3 2015 based on contract rental indexation adjustments in Brazil and Australia/New Zealand

- Public company G&A synergies from the recent business combination

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

Q3-15 As Reported

Q3-15 Normalized

NOI $43.6M $44.1M

FFO $15.5M $16.1M

AFFO $14.4M $15.0M

W.A Units Outstanding (1) 71,927 71,748

AFFO / Unit $0.20/unit $0.21/unit

Payout Ratio 99.8% 95.7%

LTV (2) 57.1% 57.1%

Net Asset Value / Unit $9.49/unit $9.49/unit

1. Units outstanding has been adjusted for unit purchases under the REIT’s NCIB estimated to October 15, 2015. The REIT had 71,748 basic units outstanding as at September 30, 2015. 2. LTV is presented on a fully consolidated basis including 100% of Vital Trust. On a proportionate basis, the REIT’s LTV is 63.0%.

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SEGMENTED FINANCIAL INFORMATION

1. Reflects a full quarter of normalized income for the Canadian region for the three months ended September 30, 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 deferred tax liability, derivative financial instruments and deferred unit liability to arrive at adjusted liabilities.

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

NORMALIZED INCOME SUMMARY:

NOI $20.6 $7.8 $2.5 $13.2 Nil Nil $44.1

FFO $15.2 $3.7 $1.5 $1.8 $1.9 ($8.0) $16.1

AFFO $10.2 $5.0 $1.3 $1.9 $1.9 ($5.3) $15.0

BALANCE SHEET SUMMARY:

Gross Assets $1,291.4 $318.1 $153.5 $666.5 $46.8 $44.9 $2,521.2

Adjusted Liabilities (4) $772.2 $168.7 $83.3 $576.8 Nil $239.2 $1,840.1

Net Assets $519.2 $149.5 $70.2 $89.8 $46.8 ($194.3) $681.1

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CAPITALIZATION

DEBT MATURITY PROFILE (1) Market

Capitalization $620M

Enterprise Value $2.0BN

IFRS Gross Book Value $2.5BN

LTV (Consolidated) 57.1%

LTV (Proportionate) 63.0%

W.A. Interest Rate 5.13%

% Unsecured 15%

% Fixed 85%

REGIONAL DEBT STRATEGIES

Type Asset Level Term 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

2.8% 18.8% 10.4% 18.3% 33.7% 16.0%

1. Reflects the repayment of a portion of Brazil debt due in 2015 on November 3 and subsequent 10-yr securitization. 80% LTV reflects market securitization terms. 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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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

+6.6%

+0.5%

CAGR

BRAZIL – SAME STORE NOI GROWTH

Sep-15

97.5

74.9

93.6 92.8

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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

73 Medical Office Buildings

1,450 tenants

2 Active Developments

VITAL PROPERTY TRUST

GERMANY

New Zealand Listed Entity

26 Properties

5 Active Developments

19 Medical Office Buildings

350 Tenants

2 Development Sites

PORTFOLIO OVERVIEW

$2.5BN 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 13.3%

Healthe Care 3.1%

Bantrel Corporation 2.9%

CLSC/CSSS 2.2%

Hospital Sabara 1.7%

Shoppers Drug Mart 1.6%

Lawtons Drugs 1.3%

Alberta Health Services 1.3%

Province of Ontario 1.2%

Centric Health 0.9%

Top 10 Tenants 29.5%

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 Q3-2015 MD&A, the diversification charts for the countries and asset mix are based on investment value and GLA respectively and do not match the above pie charts. The pie charts above reflect the NOI composition 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

Tenants Province 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

Tenants Hospital Operator Rede D’Or

S.L. S&P “A-” Rated

Cap Rate (1) ~9.4%

Occ. 100%

Lease Term ~25 Years

Rental Increase Annual Inflation Index

Acquisition Date Dec 2013

Assets 1 Hospital

Size 31 beds / To expand to 66 beds during 2015

Tenants Healthe Care

Cap Rate (1) ~9.0%

Occ. 100%

Lease Term ~20 Years

Rental Increase Annual Inflation Index

Acquisition Date Aug 2014

Assets 14 MOBs

Size ~410k Square Feet

Tenants ~200 Medical Practitioners & Related Services

Cap Rate (1) ~6.6%

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

Marian Health Centre

Dundas-Edward Centre

1. IFRS cap rates as at September 30, 2015.

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The REIT currently has identified 17 non-core asset dispositions – Combined IFRS value of ~$105M; 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 1 asset for $5.3M, in-line with IFRS values – 7 assets under firm contract with a combined IFRS value of ~$40M expected to close by Q1-16 – 4 assets under conditional contract

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

CANADA Q3-2015

CANADA Proforma

SP NOI Growth 2.9% 3.8%

Occupancy 90.9% 93.2%

WALE 4.5 4.5

PORTFOLIO Q3-2015

PORTFOLIO Proforma

3.5% 3.9%

94.2% 95.7%

9.3 9.9

150bps

40bps

0.6yr

EXISTING PORTFOLIO (1) PROFORMA PORTFOLIO (1)

1. Based on NOI by region proportionally consolidated reflecting a 24% 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 ~$26M Hurstville (Phase I) expansion project in Australia – Additional floors added to the building; generating an incremental $2.5M in rent

$150M of committed low risk development & expansions – $51.5M Australian hospital expansions to be funded through existing resources – $47.5M Brazil hospital expansions to be funded through a combination of existing resources and property financing – $51.5M Canadian development to be funded through property level financing

$13.0M of stabilized net operating income – Potential to generate up to an incremental $0.06 of AFFO/Unit (1)

$13.5M of stabilized value accretion – Potential to generate up to an incremental $0.15 of NAV/Unit (1)

ACCRETIVE DEVELOPMENT & EXPANSIONS

WITH A TRACK RECORD OF COMPLETING MORE THAN $300M OF DEVELOPMENT AND EXPANSIONS, THE REIT IS LEVERAGING ITS EXPERIENCE TO DELIVER AN ADDITIONAL $150M OF INCOME AND VALUE ENHANCING PROJECTS TO ITS PORTFOLIO

Country Projects Est. Completion

Project Cost

Cost to Complete

Pre-Leased Occupancy

Project Yield

Project NOI

Potential Value

Accretion

5 Q4 2015 to Q2 2016 51.5 24.0 100.0% 8.8% 4.5 3.5

2 Q4 2016 / Q4 2018 47.5 47.5 100.0% 10.5% 5.0 5.5

2 Q4 2016 51.5 24.5 73.9% 7.1% 3.5 4.5

9 150.0 95.5 13.0 13.5

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

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EXPANSION PROFILE – AUSTRALIA

Hurstville Private Hospital Sydney

Acquired in May 2012

Purchase price A$12.6M

Cap rate 9.5%

Redevelopment spend of A$34.0M

30 June 2015 valuation A$58.2M

Cap rate 8.25%

Stage 1 completed July 2015. Hospital continued to function throughout development.

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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 SF medical office building to house the Barrie Family Health Team.

Barrie Medical Centre Barrie, ON

Toronto West Health Centre Etobicoke, ON

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

DEVELOPMENT PROJECTS – CANADA

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

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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

PREMIUM / (DISCOUNT) TO NAV

$11.90 •

$9.49•

$12.94•

10.2x

14.2x

11.3x

15.4x

0

18x

12x

6x

$8.40 • $8.48 •

$8.88 •

(9.4%)

0

10%

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

Internationally Focused Canadian

REITS

US Healthcare REITS (Top 5)

• Implied Share Price

$8.60

$8.60

- Based on NWH.UN’s closing unit price of $8.60/unit as of November 2, 2015 and normalized AFFO/Unit of $0.84 per year ($0.21/unit for the quarter) - NAV is based on Q3 2015 reported NAV/unit of $9.49.

(6.4%)

(11.6%) (10.6%)

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INVESTOR FACTSHEET

Ticker NWH.UN

Listed Exchange TSX

Distribution Payable Monthly

Distribution Type 100% Return of Capital for 2014

Unit Price $8.60 (November 2, 2015)

Market Capitalization $620M

Distribution Yield ~9.3%

52-Week Trading Range $7.45 - $10.05

Volume Weighted Avg. Price (VWAP) (20-day) $8.53

Average Daily Volume (20-day) 55,000

NAV Q3-2015 (IFRS) $9.49

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CONTACT INFORMATION

Paul Dalla Lana, Chairman & CEO 416-366-2000 Ext. 1001 Vincent Cozzi, President & CIO 416-366-2000 Ext. 1005 Shailen Chande, VP – Investments 416-366-2000 Ext. 1106

NORTHWEST HEALTHCARE PROPERTIES REIT

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R E G I O N A L P O R T F O L I O O 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 Trust 2. Based on proportionally consolidated NOI 3. Gross assets (IFRS) as of September 30, 2015 4. Based on total assets of NWH and Vital Trust on a fully consolidated basis, including corporate assets which are not shown; $2.0 billion in proportionate ownership 5. Per IFRS financial statements as of September 30, 2015

PORTFOLIO PROFILE

GLOBAL HEALTHCARE REAL ESTATE INFRASTRUCTURE COMBINED PORTFOLIO COMPRISES 123 PROPERTIES TOTALING 8.0MM SQUARE FEET OF GLA IN FIVE COUNTRIES

STRONG OPERATING FUNDAMENTALS WITH OCCUPANCY OF ~96%, WALE OF ~10 YEARS AND 67% / 33% MOB/HOSPITAL MIX

Q3 2015

Canada Brazil Germany Australasia (1)

Combined Platform

Proforma Platform

Total Non-Core Core

Number of Properties 73 16 57 5 19 26 123 107

Asset Mix (2) 100% MOB

100% MOB

100% MOB

100% Hospital 100% MOB ~15% MOB /

85% Hospital 70% MOB /

30% Hospital 67% MOB /

33% Hospital

GLA (Million Square Feet) 4.6 0.8 3.8 1.0 0.7 1.7 8.0 7.2

Gross Assets (3) $1,290 $100 $1,190 $318 $154 $667 $2,520 (4) $2,420 (4)

Occupancy 90.9% 79.2% 93.2% 100.0% 94.9% 99.4% 94.2% 95.8%

WALE (Years) 4.5 4.4 4.5 21.5 4.8 17.3 9.3 9.9

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

Weighted Average Cap Rate (5)

6.6% 9.4% 6.4% 8.0% 7.4% 7.4%

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CANADA: LARGEST PORTFOLIO OF MOB ASSETS

Dundas-Edward Centre Toronto, ON

Le Carrefour Medical Laval, QC

YT

SK

QC

ON

NU

NT

NL

MB

BC AB

NB PE

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 73 properties comprising GLA of 4.6 million sf and

~1,500 tenants 90.9% occupancy and ~4.5 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 PE ON

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)

Sydney (2)

Sudbury (2)

St. Thomas (1)

Lindsay (1) Montreal (2) Saint Hubert (1)

CANADA

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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 ~21.5 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’Or Rio de Janeiro

Hospital Infantil Sabará São Paulo

Manaus Belem Fortaleza

Natal

Recife

Macieo

Salvador

Brasilia

Rio De Janeiro São Paulo

Port Alegre

Hospital Coração Hospital Santa Luzia

Hospital Caxias Hospital Brasil

Hospital Sabará

PARA

GOIAS

FEDERAL DISTRICT

AMAZONAS

BAHIA

SÃO PAULO RIO DE JANEIRO

RIO GRANDE DO SUL

CEARA RIO GRANDE DO NORTE

ALAGOAS

PERNAMBUCO

AMAPÁ

MINAS GERAIS

RORAIMA

MARANHÃO

PIAUI

TOCANTINS RONDÔNIA

ACRE

MATO GROSSO DO SUL

PARANÁ

SANTA CATARINA

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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 94.9% occupancy and ~4.8 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

Polimedica Berlin

Adlershof 1 Berlin

Hollis Centre Ingolstadt

Berlin Neukolln Berlin

Munich

Frankfurt

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AUSTRALASIA: STRATEGIC INVESTMENT IN VITAL TRUST

WESTERN AUSTRALIA

NORTHERN TERRITORY

QUEENSLAND

SOUTH AUSTRALIA

NEW SOUTH WALES

VICTORIA

TASMANIA

1

1

4

6

6

1

NEW ZEALAND

6

AUSTRALIA

Marian Centre Perth, AU

Epworth Eastern Medical Centre Melbourne, AU

Ascot Hospital Auckland, NZ

Epworth Eastern Hospital Melbourne, AU

INVESTMENT AND MARKET OVERVIEW

Manager and 24% strategic shareholder of Vital Trust (NZX:VHP), Australasia’s largest listed healthcare real estate owner with 17 private hospitals, 7 MOBs, and 2 development lots 99.4% occupancy and ~17.3 year WALE

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

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M A N A G E M E N T B I O G R A P H I E S

A P P E N D I X 2

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Peter Riggin President – Canada

Fully integrated real estate owner and operator

HQ in Toronto plus five regional offices

139 professionals

Gerson Amado Managing Director – Brazil

Leading healthcare real estate asset management platform

Relationships with hospital operators Rede D’Or SL and Sabara

2 professionals

Jan Krizan Managing Director – Germany

Established platform with full property management and asset management capabilities

Office in Berlin 19 professionals

David Carr President - Australasia CEO – Vital Trust

Fully integrated property management and asset management

Offices in Auckland and Melbourne

12 professionals

Paul Dalla Lana Chairman & CEO

Founder of NWH REIT Largest unitholder of NWH

Vincent Cozzi President and CIO

President and CIO Previously Senior Vice

President, Acquisitions at Ventas

Teresa Neto CFO

CFO Previously CFO of KEYreit

and Retrocom REIT Chartered Accountant

Mike Brady EVP & 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 5 COUNTRIES

MANAGEMENT – COMBINED REIT REGIONAL OPERATING PLATFORM AND EXPERTISE