TORONTO, OCTOBER 28, 2016 - Mainstreet Health Investments Inc. (TSX:HLP.U) (the "Company") is pleased to announce that it has satisfied the condition (the "Escrow Release Condition") to the release of the net proceeds of the offering of subscription receipts ("Subscription Receipts") completed on October 6, 2016, which will be used to finance a portion of the previously announced acquisitions of interests in seven seniors housing and care properties and investments in five mezzanine loans (collectively, the "Transactions"). In particular, the Company has confirmed that it has satisfied the conditions to the closing of the Transactions (other than the payment of the applicable purchase price and such conditions precedent that by their nature are to be satisfied at the closing of the Transactions), the value of which represent in the aggregate not less than 80% of the aggregate value of all of the Transactions.