Richmond Woods Groundbreaking Ceremony News Release

June 13, 2008

London, ON, June 17, 2008: One year ago, Sifton Properties Ltd. introduced a new level of seniors lifestyle to the London community with the opening of Richmond Woods Retirement Residence in the Masonville area. This unique complex promotes seniors to maintain their independence and privacy while providing the comfort and security of emergency call services, housekeeping and restaurant plans as well as health and wellness programming to help keep residents healthy and active.

“Phase one of this exciting project has been well received by the community, with many of our residents commenting on how much they appreciate maintaining their independence, while having access to a wide range of services and social opportunities,” explains Dale Pineau, Director of Seniors’ Living, Sifton Properties Limited.

“We are celebrating Seniors month, the one-year anniversary of Richmond Woods Retirement Residence and we will also be marking the start of construction of phase two – Richmond Woods apartments. This 104-unit, five-storey apartment building is dedicated to independent seniors looking for a healthy lifestyle. Apartments range in size from 750 sq ft to 1400 sq ft and are complete with five appliances, a full kitchen with breakfast bar and dining room, refined details such as ceramic tile and crown molding and include access to all the amenities located at the retirement residence and secure underground parking.”

The one-year anniversary party and groundbreaking of Richmond Woods apartments will be held on Tuesday, June 17 from 2:00 p.m. to 4:00 p.m. at Richmond Woods Retirement Residence located a 200 North Centre Road in London. The groundbreaking ceremonies will take place at 2:30 p.m. For more information about Richmond Woods, please call 519- 850- 5060 or visit www.richmondwoodscare.com

Contact: Mary Ellen Renwick
General Manager
Richmond Woods Retirement Residence
519-850-5060

Sifton Properties Limited

Suite 800, 195 Dufferin Avenue
London, ON N6A 1K7

Phone: (519) 434-1000

Fax: (519) 434-1009

Email:

Website: http://www.sifton.com

Careers with Sifton:
http://www.siftoncareers.com