Anthem Properties Is Pleased to Announce Another Office Building Acquisition in Downtown Vancouver, British Columbia

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 30, 2012) - On July 31^st, 2012, Anthem Properties acquired the BC Electric Building, a 119,334 square foot office building located at the corner of Hastings Street and Carall Street in the heart of downtown Vancouver.

The building was constructed in 1912 by the B.C. Electric Railway Co. Ltd. and was occupied by B.C. Electric Railway until the mid 1950's. Today, 425 Carrall offers an eclectic mix of office and retail tenants that embrace the diverse fabric of the surrounding community. With easy access to public transit, the Carrall Street green corridor, nearby restaurants and retail amenities, this building is the perfect fit for tenants looking for a unique and convenient work environment.

Anthem Properties is continuing to grow its residential, retail and office portfolio; Carrall Street is Anthem's eighth acquisition in Western Canada since 2011.

About Anthem Properties:

Anthem Properties is a 120-person real estate investment, development and management company operating in Western Canada, headquartered in Vancouver, B.C. The group principally pursues retail, office and multi-family residential asset classes. The Anthem portfolio is currently comprised of 3.6 million square feet of retail and office, 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 anthemproperties.com.