/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED
STATES/
OTTAWA,
ON, Sept. 18, 2023 /CNW/ - InterRent Real
Estate Investment Trust (TSX: IIP.UN) ("InterRent") announced
today that its distribution declared for the month of September 2023 is $0.0300 per Trust unit, equal to $0.3600 per Trust unit on an annualized basis.
Payment will be made on or about October 16, 2023, to
unitholders of record on September 30, 2023.
About InterRent
InterRent REIT is a growth-oriented real estate investment
trust engaged in increasing Unitholder value and creating a growing
and sustainable distribution through the acquisition and ownership
of multi-residential properties.
InterRent's strategy 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 objectives are to use the proven industry
experience of the Trustees, Management and Operational Team
to: (i) to grow both funds from operations per Unit and net
asset value per Unit through investments in a diversified portfolio
of multi-residential properties; (ii) to provide Unitholders
with sustainable and growing cash distributions, payable monthly;
and (iii) to maintain a conservative payout ratio and balance
sheet.
The Toronto Stock Exchange has not reviewed and does
not accept responsibility for the adequacy or accuracy of this
release.
SOURCE InterRent Real Estate Investment Trust
