Anthem Properties is Pleased to Announce Another Retail Centre Acquisition in Edmonton, AB

EDMONTON, ALBERTA--(Marketwire - April 18, 2012) - On April 17^th 2012, Anthem Properties acquired Ottewell Plaza Shopping Centre, a 56,400 square foot neighbourhood shopping centre located at the corner of 61^st Street and 90^th Avenue in the northwest quadrant of Edmonton, AB. Ottewell Plaza is a neighbourhood retail centre that is anchored by an IGA food store, Bank of Nova Scotia, a drug store, Ottewell Liquor Store and offers a wide variety of retail products and services to the surrounding community.

Anthem Properties is expanding quickly in Edmonton, Ottewell Plaza Shopping Centre being its third acquisition in the market in the last two years.

About Anthem Properties:

Anthem Properties is a 100-person real estate investment, development and management company operating in Western Canada, headquartered in Vancouver, B.C. The group principally pursues retail and multi-family residential asset classes. The Anthem portfolio is currently comprised of 3.5 million square feet of retail, 50 acres of urban and suburban land held for future development, and approximately 1,000 residential condominium units under construction. For further information, please visit the company's website at www.anthemproperties.com.