NorthWest Healthcare Properties owns almost 25% of Vital Healthcare Property Trust and nearly 20% of Generation Healthcare REIT and earns management fees from them as their manager. Vital Trust is Australasia's largest listed healthcare real estate owner with 19 private hospitals, nine MOBs, four aged-care facilities, and four development sites. Generational Healthcare also has a diversified portfolio of assets, including hospitals, medical centres and aged-care facilities centred around the major markets of Sydney, Melbourne, and Brisbane in Australia. The REIT's Australasian portfolio has an occupancy of over 98% with a WALE of 15.4 years and a cap rate of 8.5%. Investor takeaway NorthWest Healthcare Property's portfolio is diversified across geographies and asset type. Its non-Canadian assets improve the portfolio's quality. For example, its leases in Brazil and Australasia are indexed to inflation, which should improve the REIT's payout ratio.