Mr. Brent Binions reports

CHARTWELL FIRST QUARTER 2017 RESULTS AND CONFERENCE CALL

Chartwell Retirement Residences Real Estate Investment Trust will issue its financial results for the three months ended March 31, 2017, on the afternoon of May 4, 2017.

A conference call hosted by Brent Binions, president and chief executive officer, Vlad Volodarski, chief financial officer and chief investment officer, and Karen Sullivan, chief operating officer, will be held Friday, May 5, 2017, at 10 a.m. ET.

The telephone numbers for the conference call are:

Local:  416-340-2217

Toll-free:  866-696-5910

Passcode:  5711099

The conference call can also be heard over the Internet. Access the Chartwell website, click on investor relations and follow the link at the top of the page.

A slide presentation to accompany management's comments during the conference call will be available. To view the slides, access the Chartwell website, click on investor relations and follow the link at the top of the page. Please log on at least 15 minutes before the call commences.

The telephone numbers to listen to the call after it is completed (instant replay) are local at - 905-694-9451 or toll-free at 800-408-3053. The passcode for the instant replay is 4296569, followed by the pound symbol. The call, along with the accompanying slides, will also be archived on the Chartwell website.

About Chartwell Retirement Residences Real Estate Investment Trust

Chartwell is an unincorporated, open-ended trust which indirectly owns and operates a complete range of seniors housing communities from independent supportive living through assisted living to long-term care. It is the largest owner and operator of seniors residences in Canada.