Vision Capital Announces Appointment of Jeff Roberts as Senior VP and Assistant Portfolio Manager

Vision Capital Corporation (“Vision”) is pleased to announce the appointment of Jeffrey T. Roberts as its Senior Vice President and Assistant Portfolio Manager.

Jeff joins the Vision team following his successful career as a highly regarded investment analyst focused on the public Canadian real estate sector. Most recently, Jeff served as Vice President and Real Estate Analyst at Desjardins Securities for 7 years. During his tenure, Jeff was highly respected by both clients and colleagues and was recognized as a top 3 ranked analyst by StarMine, a leading global consultant.

Prior to his career as an investment research analyst, Jeff served as the Senior Financial Manager at Menkes Developments Ltd., a large Toronto-based commercial and residential real estate developer.

Jeff is a graduate of the MBA program at York University’s Schulich School of Business where he won the Bronze Medal for academic achievement and placed second in Finance. He also holds a Bachelor of Laws degree from the University of Toronto, and is a member of both the Law Society of Upper Canada and the New York State Bar. Jeff received his Chartered Financial Analyst designation in 2006.

Jeffrey Olin, Vision’s President and CEO and Co-Portfolio Manager commented that, “We are ecstatic to be able to add an individual with the high degree of experience, expertise and professionalism that Jeff adds to the Vision team.” Frank Mayer, Vision’s Chairman and Co-Portfolio Manager added that, “We anticipate that the industry-leading performance of Vision’s real estate focused funds will be complemented and enhanced by the contribution of such a high calibre and knowledgeable professional.”

Please join us in welcoming Jeff to the team at Vision Capital Corporation.

Vision Capital Corporation (“Vision” or the “Manager”), a registrant with the Ontario Securities Commission, is the Manager of the Vision Opportunity Funds (“Vision Funds”). The Vision Funds focus primarily on the real estate sector, and invest predominantly in publicly-traded equity and debt securities.

Vision benefits from the experience, expertise, insights and relationships of its portfolio managers, Frank Mayer and Jeffrey Olin. Previously, Frank Mayer was a top-ranked Canadian real estate investment analyst and senior executive with several global and Canadian investment dealers for more than thirty five years. Jeffrey Olin has over twenty five years of senior level, corporate and investment industry experience, with ten years in the real estate industry and fifteen years in investment banking and investment industry senior management positions.

The Vision Opportunity Fund Limited Partnership, Vision’s largest fund, was the top performing fund in the Scotia Hedge Fund Index in 2010. It was also recognized as being one of the top 5 Funds in Canada at the Canadian Hedge Fund of the Year Awards, in each of the prior 2 years.

Contact

For further information please contact Mr. Jeffrey Olin at 416-362-6546 or visit our website at www.visioncap.ca

Jeffrey Olin

President and CEO

Vision Capital Corporation

1410 - 181 University Avenue

Toronto, ON  M5H 3M7

Direct: 416-362-6546

Cell: 416-666-6546

Fax: 416-362-9594

olin@visioncap.ca

www.visioncap.ca