TSP TitanStar Properties Inc

TitanStar Properties Inc. (TSX VENTURE:TSP) ("TitanStar" or the "Company")
announces that it will be acquiring a 100% beneficial interest in the "Almeda
Crossing" retail shopping center in Houston, Texas, pursuant to a purchase and
sale agreement dated December 20, 2013 (the "Purchase Agreement") between
Almeda-Rowlett Retail, LP, as seller, and TSP Almeda Crossing, LP, a Nevada
limited partnership, as buyer, in which the Company holds a 100% general
partnership interest through TitanStar GP Holdings Inc. and a 100% limited
partnership interest through TitanStar LP Holdings Inc. The seller is at arm's
length to the Company.


Almeda Crossing is a 223,223 square foot retail shopping "power centre" on
approximately 21.8 acres of land, situated along Almeda Geona Road, and highly
visible from Interstate 45. Construction on the shopping center completed in
2006 and it is currently over 98% triple net leased and has a variety of retail
clients with major tenants including Ross (for 27,650 square feet), Marshall's
(for 25,000 square feet), Staples (for 20,480 square feet), Conn's Electronics
(for 30,000 square feet) and PetSmart (for 19,509 square feet). 


The total purchase price for Almeda Crossing is $35 million and the closing of
this acquisition is scheduled for March 31, 2014. There are several closing
conditions that need to be satisfied or waived by TSP Almeda Crossing, LP prior
to the closing of this acquisition; including but not limited to the Company's
completion of a due diligence review of the property, the receipt of estoppel
certificates and subordination agreements from certain major tenants as
prescribed in the Purchase Agreement and, on or before February 5, 2014,
procurement by TSP Almeda Crossing, LP of a loan on the terms and conditions
satisfactory to it in its sole and absolute discretion.


About TitanStar 

TitanStar is a real estate issuer whose investment strategy focuses on building
a portfolio of well-positioned, undervalued or underperforming stabilized
assets, focusing on geographic areas. TitanStar currently holds a 50% limited
partnership interest in the Sahara Crossing, LP, a Nevada limited partnership
which owns an approximately 61,125 square foot retail building located just east
of Decatur Boulevard on Sahara Avenue in Las Vegas, as well as a 50% limited
partnership interest in the Deer Springs Crossing Limited Partnership, a Nevada
limited partnership which owns the Deer Springs Crossing Shopping Center, a 22.8
acre retail development project also located in Las Vegas. In December 2012, the
Company acquired a 50% limited partnership interest in TSP LP I, L.P., a Nevada
limited partnership which owns the Swanway Plaza, a 55,790 square foot retail
shopping centre in Tucson, Arizona (see the Company's news release of January 2,
2013). In January 2013, the Company acquired a 50% limited partnership interest
in TSP LP II, L.P., a Nevada limited partnership which owns the Kohl's San Tan
Plaza, a 29,945 square foot retail shopping centre in Chandler, Arizona (see the
Company's news release of January 28, 2013). In September 2013, the Company
acquired a 38.4% beneficial interest in Adam's Dairy Landing, a 254,036 square
foot retail shopping centre, in Blue Springs, Missouri (see the Company's news
release of September 30, 2013). These recent investments reflect TitanStar's
revised investment strategy, announced on September 28, 2012, which added the
following objectives:




--  begin to build, with or without a partner acceptable to management, a
    portfolio of stabilized assets that produce a reasonably reliable cash
    flow that would be available for distribution to shareholders when a
    distribution policy is determined by the Board of Directors; 
--  engage local companies to manage such properties; and 
--  finance the purchase of such assets using conservative financing
    assumptions, determined by management from time to time.



Forward-looking statements:

Certain statements in this release are forward-looking statements, which reflect
the expectations of management regarding the identification, analysis and
potential acquisition of future real estate assets. Forward-looking statements
consist of statements that are not purely historical, including any statements
regarding beliefs, plans, expectations or intentions regarding the future. Such
statements are subject to risks and uncertainties that may cause actual results,
performance or developments to differ materially from those contained in the
statements. No assurance can be given that any of the events anticipated by the
forward-looking statements will occur or, if they do occur, what benefits the
Company will obtain from them. These forward-looking statements reflect
management's current views and are based on certain expectations, estimates and
assumptions which may prove to be incorrect. A number of risks and uncertainties
could cause our actual results to differ materially from those expressed or
implied by the forward-looking statements, including factors beyond the
Company's control. These forward-looking statements are made as of the date of
this news release.


Neither TSX Venture 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
TitanStar Properties Inc.
T. Richard Turner
President, CEO and Director
(604) 408-3808
(604) 408-3801 (FAX)
rick@titanstar.ca

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