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CHC Realty Capital Corp. Announces Further Details on Private Placement

TORONTO, ONTARIO -- (Marketwired) -- 07/16/14 -- CHC Realty Capital Corp. ("CHC" or the "Company") (TSX VENTURE: CHC) wishes to announce that it has established a price of $0.11 per subscription receipt for its proposed non-brokered private placement disclosed in its press release dated July 3, 2014. Under the placement, the Company intends to issue approximately 72,727,272 subscription receipts to raise approximately $8.0 million. As previously disclosed, the Company intends to use the net proceeds of the private placement to complete the Company's proposed acquisitions of student housing properties in Windsor, Ontario and Trois-Rivieres, Quebec, and for general corporate purposes.

The subscription receipts will be offered by way of private placement in all of the provinces of Canada, and in jurisdictions outside of Canada, provided that no prospectus filing or comparable obligation arises in such jurisdictions. Pursuant to applicable Canadian securities laws, all securities issued pursuant to the private placement will be subject to a statutory hold period expiring on the date that is four months and a day from the closing of the private placement.

The private placement is expected to close on or about July 31, 2014. Closing is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSXV. Subject to TSXV approval, the Company may pay finder's fees consisting of cash from the proceeds of the proposed private placement.

The securities described herein have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States unless registered under the Act or unless an exemption from registration is available.

About CHC Realty Capital Corp.

CHC Realty Capital Corp. is an owner and operator of student housing properties which is focused on acquiring high quality properties in close proximity to universities and colleges in primary and well understood secondary markets in Canada.

Cautions Regarding Future Plans and Forward-Looking Information

This press release contains forward-looking information within the meaning of Canadian securities laws. Such information includes, without limitation, information regarding the completion of the proposed transaction and the business strategies of CHC. Although CHC believes that such information is reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking information is typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. CHC cautions investors that any forward-looking information provided by CHC is not a guarantee of future results or performance, and that actual results may differ materially from those in forward-looking information as a result of various factors, including, but not limited to: CHC's ability to complete the proposed transactions; the state of the real estate sector in the event the proposed transactions are completed; recent market volatility; CHC's ability to secure the necessary mortgage financing or to be fully able to implement its business strategies; and other risks and factors that CHC is unaware of at this time. The reader is referred to CHC's initial public offering prospectus and other continuous disclosure documents for a more complete discussion of risk factors relating to CHC and their potential effects, copies of which may be accessed through CHC's profile on SEDAR at www.sedar.com.

This news release shall not constitute an offer to sell or the solicitation of an offer to buy any securities nor shall there by any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

The TSXV has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release. Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

Contacts:
Mark Hansen, President and Chief Executive Officer
CHC Realty Capital Corp.
Telephone: (647) 288-9355
Email: [email protected]

Robert Waxman, Chief Financial Officer
CHC Realty Capital Corp.
Telephone: (647) 288-9375
Email: [email protected]

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