Mr. Tom Heslip joins Realex Properties Corp. as President and CEO



    CALGARY, April 6 /CNW/ - Realex Properties Corp. ("Realex" or the
"Corporation") is pleased to announce changes within its senior management
ranks that are intended to position the Corporation for the next stage in its
    These changes include the appointment of Mr. Tom Heslip who has joined
the Corporation as its President and Chief Executive Officer, effective April
6, 2009. Mr. Heslip brings with him many years of real estate and capital
markets experience, holding senior management positions in prominent real
estate firms in Canada and investment banking and private equity firms
headquartered in the United States. Mr. Heslip's work experience extends to
the Canadian and US marketplace, as well as in markets in Asia and Europe. His
successful track record and exceptional leadership skills will augment the
Corporation's strong management team, and will position Realex for the next
stage in its growth. Mr. Heslip's appointment is subject to regulatory
    Mr. Marc Sardachuk, who has been the Corporation's Chief Executive
Officer since the time Realex went public in October 2006, will focus his
efforts on operational and transitional matters by assuming the role of
Executive Vice President of the Corporation. Mr. Sardachuk will also provide
assistance in developing Realex's long term strategic plan designed to build
on the significant growth achieved over the past two years.
    These changes are being made in recognition of the times we are in, where
the core real estate skills of leasing and tenant relationships must be
combined with building an organization of scale and size through further
consolidation within the industry and combined with capital markets
initiatives. The addition of Mr. Heslip to our existing management team will
significantly enhance the opportunities to establish Realex as a real estate
industry leader in Canada.
    "Realex is well-positioned to address the challenges of the current
economic climate and at the same time take advantage of the opportunities that
will undoubtedly arise. We look forward to the addition of Tom Heslip to help
set and execute the Corporation's forward strategy, with the backing of a
solid management team and an exceptional Board of directors", stated Mr.
Harold Milavsky, Chairman of Realex.

    Neither TSX Venture Exchange nor its Regulation Services Provider (as
    that term is defined in the policies of the TSX Venture Exchange) accepts
    responsibility for the adequacy or accuracy of this release.

    This press release may contain forward looking statements and information
within the meaning of applicable securities legislation. Although Realex
Properties Corp. believes that the anticipated future results, performance or
achievements expressed or implied by the forward looking statements and
information are based upon reasonable assumptions and expectations, the reader
should not place undue reliance on forward looking statements and information
because they involve known and unknown risks, uncertainties and other factors
which may cause the actual results, performance or achievements of Realex to
differ materially from anticipated future results, performance or achievement
expressed or implied by such forward looking statements and information.
Accordingly, Realex cannot give any assurance that its expectations will in
fact occur and cautions that actual results may differ materially from those
in the forward looking statements. Factors that could cause actual results to
differ materially from those set forth in the forward looking statements and
information include: general economic conditions; local real estate conditions
including the development of properties in close proximity to Realex's
properties; timely leasing of newly-developed properties and re-leasing of
occupied square footage upon expiration; dependence on tenants' financial
condition; the uncertainties of real estate development and acquisition
activity; the ability to effectively integrate acquisitions; interest rates;
availability of equity and debt financing; the impact of newly-adopted
accounting principles on Realex's accounting policies and on period-to-period
comparisons of financial results; and other risks and factors described from
time to time in the documents filed by Realex with the securities regulators
in Canada, including in the Annual Information Form under the heading
"Description of the Business - Risk Factors" and in Realex's annual
Management's Discussion and Analysis. Realex undertakes no obligation to
publicly update or revise any forward looking statements or information,
whether as a result of new information, future events or otherwise, except as
required by securities laws.

For further information:

For further information: Tom Heslip, President and Chief Executive
Officer, Realex Properties Corp., Telephone: (403) 206-3149; Marc Sardachuk,
Executive Vice President, Realex Properties Corp., Telephone: (403) 213-5541

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