Primecorp Commercial Realty Inc. Facilitates $16.5 M Sale of Heritage Manor Retirement Home, Pembroke, Ontario



    OTTAWA, Oct. 3 /CNW Telbec/ - Primecorp's Healthcare Group announced
today that it has completed its latest mandate concluding the sale of Heritage
Manor Retirement Home in Pembroke to Maestro Real Estate Advisors.
    Raffaele Guglielmelli, head of Primecorp's Healthcare group, believes
that growth of seniors' accommodation in markets such as Pembroke demonstrates
how families and their elders want the opportunity to stay in their own
neighbourhood. "The entire continual care retirement community recognizes that
proximity to extended family enhances the quality of life for these seniors",
says Guglielmelli.
    "Raffaele continues to demonstrate his expertise in the Retirement and
Healthcare field", says Aik Aliferis, co-founding Principal. "He is able to
successfully complete varied transactions, an innovator in the resolution of
Commercial Healthcare Real Estate with a customer-first attitude".
    Primecorp is in the process of completing another $100 M in transactions
before the conclusion of 2007. "Primecorp continues to shape the real estate
landscape in all areas of specialization", adds Aliferis.

    Primecorp is a strategically focused Commercial Real Estate Investment
Brokerage, Management and Advisory firm founded by Principals Aik Aliferis,
Sam Firestone, Steve Lerner and Nicolas Pantieras. The Firm has offices in
Ottawa, Toronto, and Montreal, with affiliate offices in Halifax and Edmonton.
Primecorp has completed Real Estate transactions in excess of C$2 Billion in
the last 9 years, in over 30 Canadian cities.




For further information:

For further information: Aik Aliferis, media relations, 1-888-720-2020
ext 234, www.primecorp.ca

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Primecorp Commercial Realty Inc.

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