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Canada  + Cross Border News + Ontario  + Healthcare  | 
Northwest Healthcare Properties REIT has appointed Stephanie Karamarkovic as its new CFO amid an ongoing strategic review.

Northwest Healthcare Properties REIT Overhauls Leadership Team

Northwest Healthcare Properties REIT revamped its leadership team Wednesday in a bid to increase unit value.

Craig Mitchell, formerly Northwest’s president, became interim CEO after founder Paul Dalla Lana resigned from his CEO and board chair positions. Toronto-based Northwest also launched a strategic review to plot future growth. The REIT’s portfolio holds 233 properties with 18.6 million square feet of leasable area in Canada, the U.S., Brazil, Europe, Australia and New Zealand.

Dalla Lana founded the REIT in 2004 and took it public in 2010. He will focus on his work with Northwest Value Partners Inc., the REIT’s largest shareholder. Mitchell had served as president since 2020 after joining Northwest in 2018 as the head of its Australia and New Zealand division. Michael Brady was promoted to president from his former executive vice-president, general counsel and corporate secretary roles.

Dale Klein was appointed non-executive chair after serving as the board’s lead independent trustee.


Inside The Story

Northwest Healthcare Properties REITMonte Stewart

About Monte Stewart

Monte Stewart serves as Content Director - Canada for Connect Commercial Real Estate. Based in Vancouver, British Columbia, Monte provides daily news coverage of major Canadian commercial real estate markets, including Vancouver, Toronto, Montreal and Calgary. He has written about the real estate sector for various media outlets and Avison Young since the early 2000s. In addition, he has covered sports, general news and business for several leading wire services and publications, including The Canadian Press, The Associated Press, The Calgary Herald, The Globe and Mail, Research Money, The Daily Oil Bulletin, Natural Gas World and The Toronto Star. Monte is active in his community as a youth basketball coach and raises funds for such charitable causes as Movember.

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