Réseau Sélection reaffirms leadership position with acquisition of 3 prestige residences

healthyid™ zones to be introduced in Symphony Residences (Nuns' Island, West Island) and Vista (Montreal)

MONTREAL, Oct. 2, 2015 /CNW Telbec/ - Réseau Sélection, the largest private sector owner, operator, developer and buyer of retirement communities in Quebec, is pleased to announce that it has acquired three prestige properties in the Greater Montreal Area, located in the West Island, Nun’s Island and Montreal. This brings to 29 the number of complexes owned and operated by Réseau Sélection, including three projects now under construction in Rosemont, Châteauguay and Vanier. With the acquisition of 820 units, the total number of units now offered by Réseau Sélection jumps to 7,400 (a 16% increase in the company’s operating portfolio) and enhances its undeniable leadership position in the Montreal and Quebec City markets.

"In addition to this acquisition, we are pursuing our five-year investment plan of $2 billion dollars which includes the construction of 30 new complexes by 2020," said Real Bouclin, Founder and President of Réseau Sélection.

With its distinctive and innovative market positioning based on health prevention, the company plans to enlarge and enhance the high quality services already available in the three residences by introducing healthyid™ zones. With numerous professionals on call, as well as facilities and areas specially adapted to the needs of seniors, these zones will deliver support for the healthyid™ way of life already offered to Réseau Sélection residents.

"In the 25 years since Réseau Sélection was founded, our priority has always been to offer retirees an enjoyable and stimulating environment in exceptional residential locations," said Bouclin. "Our comprehensive service offer is designed to make retirement as fulfilling as possible."

About healthyid™

healthyid™ is:

• The DNA signature of Réseau Sélection
• A way of living that focuses on prevention and awareness of the need to adopt healthy daily habits for a better quality of life for seniors in our residences
• "Live better, longer"

About Réseau Sélection

Réseau Sélection has been developing and managing retirement home complexes for over 25 years. A pioneer in the sector, the company is active today throughout Quebec: 29 residences in operation or under construction, with close to 3,000 employees serving the needs of some 7,500 residents and delivering the industry's highest satisfaction rate in the process. In addition to revitalizing and enhancing their quality of life, Réseau Sélection has also developed healthyid^TM, a lifestyle program focusing on prevention and awareness for adopting healthy daily habits so that residents "live better, longer."

Between now and 2020, Réseau Sélection will invest $2 billion in the construction of 30 new residential complexes, bringing its total number of units to 18,000.

For more information, please visit reseau-selection.com.

SOURCE Réseau Sélection

Marie-Hélène d'Entremont, Zone franche, [email protected], Office: 514-317-5715, extension 204, Mobile: [phone]