CHC Student Housing Announces Board Change

Toronto, Ontario--(Newsfile Corp. - September 21, 2018) - CHC Student Housing Corp. (TSXV: CHC) ("CHC" or the "Company") announces that Gordon Pridham has resigned as a director of CHC and that Heather Fitzpatrick has been appointed a director of CHC, filling the vacancy resulting from Mr. Pridham's resignation. In addition, the Company announces that Ronald Schwarz, a director of CHC, has been appointed Chair of the Board of Directors of the Company.

"We would like to thank Mr. Pridham for serving as a director and his contributions to the Company" stated Mr. Schwarz. "We also welcome Ms. Fitzpatrick to the Board and look forward to working with her."

Heather Fitzpatrick is President and CEO and a director of Halmont Properties Corporation. Halmont is an investment company listed on the TSX Venture Exchange which invests directly and indirectly in real assets, including commercial buildings, forest properties and securities of companies holding property, energy and infrastructure assets.

Ms. Fitzpatrick's appointment as a director of the Company remains subject to acceptance by the TSX Venture Exchange.

About CHC Student Housing Corp.

CHC Student Housing Corp. is an owner and operator of student housing properties which is focused on high quality properties in close proximity to universities in primary and well understood secondary markets in Canada.

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

For more information, please contact:

Simon Nyilassy, President and Chief Executive Officer
CHC Student Housing Corp.
Telephone: (647) 288-9355