Ottawa, Ontario(February 22, 2012) -
InterRentReal Estate Investment Trust
(TSX-IIP.UN/IIP.DB) ("InterRent")
announced today that its distribution declared for the
month of February 2012 is $0.01 per Trust unit, equal to
$0.12 per Trust unit on an annualized basis. Payment will
be made on or about
March 15, 2012 to unitholdersof record on
February 29, 2012.
About InterRent
InterRentREIT is a growth-oriented real estate
investment trust engaged in increasing
Unitholdervalue and creating a growing and
sustainable distribution through the acquisition and
ownership of multi-residential properties.
InterRent'sstrategy is to expand its
portfolio primarily within markets that have exhibited
stable market vacancies, sufficient suites available
to attain the critical mass necessary to implement an
efficient portfolio management structure and, offer
opportunities for accretive acquisitions.
InterRent's primary objective is to use the proven
industry experience of the Trustees, Management and
Operational Team to: (i) provide Unitholders with
stable and growing cash distributions from investments
in a diversified portfolio of multi-residential properties;
(ii) enhance the value of the assets and maximize
long-term Unit value through the active management of such
assets; and (iii) expand the asset base and
increase Distributable Income through accretive
acquisitions.
Forward Looking Statements
This news release contains "forward-looking
statements" within the meaning applicable to Canadian
securities legislation. Generally, these
forward-looking statements can be identified by the use of
forward-looking terminology such as "plans",
"anticipated", "expects" or "does
not expect", "is expected",
"budget", "scheduled",
"estimates", "forecasts",
"intends", "anticipates" or "does
not anticipate", or "believes", or
variations of such words and phrases or state that certain
actions, events or results "may",
"could", "would", "might" or
"will be taken", "occur" or "be
achieved". InterRentis subject to
significant risks and uncertainties which may cause the
actual results, performance or achievements to be
materially different from any future results, performance
or achievements expressed or implied by the forward looking
statements contained in this release. A full description of
these risk factors can be found in
InterRent'smost recently publicly filed
information located at www.sedar.com.
InterRentcannot assure investors that actual
results will be consistent with these forward looking
statements and InterRentassumes no obligation
to update or revise the forward looking statements
contained in this release to reflect actual events or new
circumstances.
For further information about InterRentplease
contact:
InterRent Real Estate Investment Trust is a real estate investment trust. It is engaged in acquisition, ownership, management and repositioning of strategically located, income-producing, multi-residential properties. Its primary objectives are to grow both funds from operations per Unit and net asset value per Unit through investments in a diversified portfolio of multi-residential properties; to provide Unitholders with sustainable and growing cash distributions, payable monthly, and to maintain a conservative payout ratio and balance sheet. The Company's portfolio of properties is located across various locations, such as Ajax, Brossard, Gatineau, Hamilton, Mississauga, Montreal, Oakville, Ottawa, St. Catharines, Stratford, Toronto, Trenton, and Vancouver. Its properties include 10 - 14 REID DRIVE, 100 MAIN STREET, 1015 ORCHARD, 1170 FENNELL AVENUE, 1276 DORCHESTER AVENUE, and 15 DON STREET. It also owns a 605-suite apartment community at 2 & 4 Hanover Road in Brampton, Ontario.
INTERRENT REAL ESTATE INVESTMENT TRUST 
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