NexLiving Communities Inc. announced that its shareholders voted in favour of all items of business brought before them at the Company's annual and special meeting of shareholders held on June 8, 2022. Following the meeting, Mr. Michael Anaka has transitioned from his role as Chief Executive Officer to Executive Vice Chair of the Board. Mr. Anaka has led the growth of the Company, from its initial acquisition in 2018, to its current real estate portfolio comprising over $150 million of highly leased multi-residential properties and will continue to be an active part of the NexLiving executive team.

NexLiving has announced the promotion of the Company's President, Mr. Stavro Stathonikos to Chief Executive Officer. Mr. Stathonikos has been President of NexLiving since June 2021 and shall continue to serve the Company as President and CEO.