Andrew DeFrancesco Increases Ownership Stake to 10% in Delavaco Residential Properties Corp.

NOT FOR DISSEMINATION IN THE U.S. OR THROUGH U.S. NEWSWIRES

Andrew DeFrancesco, Chairman and Chief Executive Officer of Delavaco Residential
Properties Corp. ("Delavaco") (TSX VENTURE:DVO.U) announced today that he has
acquired ownership and control, directly and indirectly, of 37,500 common shares
of Delavaco. Mr. DeFrancesco now has ownership and control, directly and
indirectly, of 5,243,804 common shares of Delavaco, representing 10.00% of
Delavaco's issued and outstanding common shares (on a non-diluted basis). 


Mr. DeFrancesco stated: "My acquisition of additional common shares of Delavaco
at these levels shows the confidence I have in the company and the platform that
we have built. I intend to acquire additional stock from time to time to reflect
my continued confidence in Delavaco and its increasing value." 


Mr. DeFrancesco acquired 5,116,304 common shares in connection with the
previously announced business combination of Delavaco Properties Inc. and Sereno
Capital Corporation, which closed on December 30, 2013. Since that time, Mr.
DeFrancesco has acquired an additional 127,500 common shares in multiple trades
through the facilities of the TSX Venture Exchange, at average prices ranging
between US$0.97 and US$1.28 per share. 


The securities are held for investment purposes, and Mr. DeFrancesco may acquire
additional securities, or dispose of his holdings of securities as investment
conditions warrant. These shares do not include common shares that may be held
by other members of Mr. DeFrancesco's family, but over which Mr. DeFrancesco has
no beneficial ownership or control.


Delavaco is listed on the TSX Venture Exchange under the symbol "DVO.U". The
head office of Delavaco is located at 130 King Street West, Suite 2210, Toronto
Ontario M5X 1A9.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Lisa-Marie Iannitelli
The Delavaco Group
[phone]
[e-mail]