TORONTO, ONTARIO, NOVEMBER 6, 2015Kingsway Arms Retirement Residences Inc. (“Kingsway” or the “Company”) (TSX.V: KWA) today announced a reverse takeover transaction (the “Reverse Takeover”). Pursuant to a binding commitment letter dated November 5, 2015 (the “Commitment Letter”), the Company has agreed to acquire from Mainstreet Investment Company, LLC, an affiliate of Mainstreet Property Group, LLC (including its affiliates, “Mainstreet”), all of its issued and outstanding shares of Mainstreet Health Holdings Inc. (“MHI Holdco”), a newly formed Cayman Islands corporation, (the “Mainstreet MHI Holdco Shares”) for an implied purchase price of approximately US$15.6 million. The Mainstreet MHI Holdco Shares will constitute approximately 75% of the issued and outstanding shares of MHI Holdco (assuming that none of the convertible debentures of MHI Holdco are exercised prior to the completion of the Reverse Takeover).