Delavaco Residential Properties Corp. Grants Stock Options

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

Delavaco Residential Properties Corp. ("Delavaco" or the "Company") (TSX
VENTURE:DVO.U)(OTCQX:DELAF) today announces that it has granted a total of
3,150,000 stock options effective May 12th, 2014 to certain directors, officers
and employees of the Company pursuant to the Company's stock option plan. The
options are exercisable at a price of $1.10 USD per share. The options will
expire five years following the date of grant.


About Delavaco Residential Properties Corp.

Delavaco Residential Properties Corp. was formed on January 27, 2011 to take
advantage of the U.S. housing crisis with the goal of significant capital
appreciation through the recovery of the housing sector. Now a public company,
Delavaco has its shares listed for trading on the TSX Venture Exchange and the
OTCQX marketplace in the U.S. Delavaco is focused on the ownership and
management of single and multi-family residential properties located principally
in the south-eastern United States. Delavaco's real estate portfolio consists of
525 single-family homes in Florida, 298 single-family homes in Georgia, 311
multi-family units in Florida and Texas and 96 multi-family units in New Jersey.
Delavaco also manages a 316 multi-family unit portfolio in Hollywood Florida.
Delavaco's acquisition strategy involves the identification and purchase of
under-valued residential properties located in highly populated and dynamic
urban centers within the lower to middle income demographic sector with tenants
who qualify for government funding under the United States rental voucher
assisted program. Delavaco's security holders include some of the leading
Canadian institutional investors and real estate holding companies.


CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: Certain information in
this news release constitutes forward-looking statements under applicable
securities law. Any statements that are contained in this news release that are
not statements of historical fact may be deemed to be forward-looking
statements. Forward-looking statements are often identified by terms such as
"may", "should", "anticipate", "expect", "intend" and similar expressions.
Forward-looking statements in this news release include, but are not limited to,
statements with respect to Delavaco's intended acquisition focus.
Forward-looking statements necessarily involve known and unknown risks,
including, without limitation, risks associated with general economic
conditions; adverse industry events; marketing costs; loss of markets;
volatility of real estate prices; inability to access sufficient capital from
internal and external sources, and/or inability to access sufficient capital on
favourable terms; industry and government regulation; changes in legislation,
income tax and regulatory matters; the ability of Delavaco to implement its
business strategies; competition; currency and interest rate fluctuations and
other risks. 


Readers are cautioned that the foregoing list is not exhaustive. Readers are
further cautioned not to place undue reliance on forward-looking statements as
there can be no assurance that the plans, intentions or expectations upon which
they are placed will occur. Such information, although considered reasonable by
management at the time of preparation, may prove to be incorrect and actual
results may differ materially from those anticipated. Forward-looking statements
contained in this news release are expressly qualified by this cautionary
statement. 


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


Additional information about Delavaco Residential Properties Corp. is available
at www.delavacoproperties.com or www.sedar.com.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Delavaco Residential Properties Corp.
Lisa-Marie Iannitelli
Director of Investor Relations & Business Development
[phone]
[e-mail]
www.delavacoproperties.com