The Globe and Mail reports in its Saturday, Sept. 3, edition that multifamily or residential real estate investment trusts, give investors the benefits of owning real estate -- namely steady income and long-term capital appreciation -- without the hassles. The Globe's John Heinzl writes that he believes InterRent REIT is worth consideration. The REIT currently yields 2.8 per cent. InterRent REIT owns more than 13,000 apartment units in major metropolitan areas including Toronto, Hamilton, Ottawa, Montreal and Vancouver. One of the REIT's specialties is acquiring older buildings and upgrading suites, common areas and exteriors to increase revenue. Even as InterRent's average rent per suite jumped 7.1 per cent in June from a year earlier, the unit price has tumbled about 31 per cent in the past year. One factor is elevated vacancies in Montreal, reflecting weakness in the flow of international students because of COVID-19. However, with universities returning to in-person classes, demand for rental housing should improve, particularly as student visa-processing delays are resolved. Ottawa, another soft market, has also started to bounce back as people return to offices downtown.