Anthem Properties Group Bullish on Surrey Market

SURREY, BRITISH COLUMBIA--(Marketwire - April 17, 2012) - Anthem Properties, owner of the Newton Town Shopping Centre, is excited to announce the ground breaking of The Rockwoods, a community oriented, wood frame development located at the corner of 162^nd Street and 84^th Avenue in the established community of Fleetwood, Surrey. The Rockwoods will comprise of 166, 3 level cityhomes with a 2900 square foot West Coast Clubhouse. The Rockwoods sales release will commence in the fall 2012, with the first move-ins earmarked for the fourth quarter 2012.

Further establishing its position in the Surrey market, in June 2012, Anthem will be opening its most recent neighbourhood shopping center, Brick Yard Station, located in Cloverdale, BC. Having worked closely with the City, the Cloverdale District Chamber of Commerce and the Cloverdale Business Improvement Association, Anthem is the proud owner of this project which embraces and celebrates the unique character and authenticity of quaint, downtown Cloverdale.

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 web site at www.anthemproperties.com.