HealthLease Properties Real Estate Investment Trust Provides Q&A Update 2013 Third Quarter

HealthLease Properties Real Estate Investment Trust Provides Q&A Update 2013 
Third Quarter 
TORONTO, Nov. 8, 2013 /CNW/ - HealthLease Properties Real Estate Investment 
Trust (HLP.UN) ("HealthLease" or "the REIT") provides below answers to 
questions received since our last Q&A Update on September 27, 2013. 
Question 1: Is the timing for deploying the $50mm convertible debt raise 
related to the properties in development? 
Answer: We wanted to add more flexibility to our balance sheet. However, some 
of the proceeds will be used for our development properties. 
Question 2: There was a tremendous growth in revenues, but the growth was not 
as large in earnings. What was the large added expense that dropped the 
profit? Is it a one-time charge or a recurring charge related to the 
expansion of the business? 
Answer: We had tremendous growth in revenue, and fairly significant growth in 
earnings. We also had a very large increase in NOI. There are a number of 
non-cash charges in the quarter, including adjustments to Fair Market Value. 
We also had some minor increase in interest rates associated with minor 
increases in leverage. Notably, there was a meaningful increase in FFO, and 
thus greater intrinsic value on a per unit basis. 
Question 3: The subsequent disposition of the Valpairiso, IN, property-was it 
a gain on the books or a loss? 
Answer: The Valparaiso property was sold at carrying cost. 
Question 4: Are there plans for lowering the line of credit? Given that it 
is almost fully drawn, what are the long term financing options? 
Answer: We recently announced a $50M convertible offering which will close 
November 12. We will use part of the proceeds to pay down the line of credit. 
Question 5: Do you have any currency exposure to flows in vs. flows out (US$ 
income, C$ debt and equity)? Do you hedge for FX? 
Answer: We do have hedges in place for all US income flowing back to Canada. 
Supplemental Financial Information 
This news release is not in any way a substitute for reading HealthLease's 
financial statements, including notes to the financial statements, and 
Management's Discussion and Analysis, dated November 7, 2013. The REIT's 
2013 Fiscal Third Quarter Financial Statements, and MD&A, have been filed on 
SEDAR. The Third Quarter Financial Statements and MD&A can also be viewed in 
the Investor Information section of the HealthLease's website at 
About HealthLease Properties Real Estate Investment Trust 
HealthLease Properties Real Estate Investment Trust (TSX: HLP.UN) owns one of 
the youngest and highest quality portfolios of seniors housing and care 
facilities with 12 properties located in two provinces of Canada and 32 
properties located in seven states of the United States for a total of 4,335 
beds. The facilities are leased to experienced tenant operators who have 
significant operational experience in the U.S. and Canada. The leases are 
structured as long-term and triple-net: features that provide stability and 
dependability to the REIT's cash flow and distributions. The REIT's 
best-in-class portfolio of premier properties meets the growing demands of 
modern seniors by emphasizing features such as hotel-like design, private 
rooms and baths and hospitality-inspired amenities. For more information, 
Forward-Looking Information 
This news release contains forward-looking statements which reflect the REIT's 
current expectations regarding future events. The forward-looking statements 
involve risks and uncertainties, including those set forth in the REIT's 
Annual Information Form dated March 6, 2013 under the section "Risk Factors," 
a copy of which can be obtained at Actual results could differ 
materially from those projected herein. The REIT disclaims any obligation to 
update these forward-looking statements.

SOURCE  HealthLease Properties Real Estate Investment Trust 
Scott White Executive Vice President - Finance HealthLease Properties REIT 
(317) 420-0205 
Renée Lam Investor Relations TMX Equicom (416) 815-0700 ext. 258   
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CO: HealthLease Properties Real Estate Investment Trust
ST: Ontario
-0- Nov/08/2013 22:00 GMT
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