An anonymous trustee reports

INTERRENT ANNOUNCES VOTING RESULTS FROM THE 2023 ANNUAL MEETING

InterRent Real Estate Investment Trust has released the voting results from its 2023 annual meeting of unitholders held on June 12, 2023. Each of the matters voted upon at the meeting is discussed in detail in the REIT's management information circular dated May 8, 2023, which is available on the REIT's website. A total of 110,328,230 units, representing approximately 75.68 per cent of the REIT's issued and outstanding units, were voted in person and by proxy in connection with the meeting. The voting results for each matter presented at the meeting are provided herein.

Election of trustees

The nominees listed in the information circular were elected as trustees of the REIT until the next annual meeting of unitholders, or until their successors are elected or appointed, and the voting results are provided in an attached table.

Election of trustees of InterRent Trust

The trustees of the REIT were authorized to elect the nominees listed in the information circular as trustees of InterRent Trust, until the next annual meeting of unitholders or until their successors are elected or appointed. The voting results for InterRent Trust are provided in an attached table.

Election of directors of InterRent Holdings General Partner Ltd.

The trustees of the REIT were authorized to elect the nominees listed in the information circular as directors of InterRent Holdings General Partner, until the next annual meeting of unitholders or until their successors are elected or appointed. The voting results for InterRent Holdings General Partner are provided in an attached table.

Reappointment of auditor

RSM Canada LLP was reappointed as auditor of the REIT until the next annual meeting of unitholders at a remuneration to be fixed by the trustees, and the voting results are provided in an attached table.

About InterRent Real Estate Investment Trust

InterRent 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 multiresidential 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) grow both funds from operations per unit and net asset value per unit through investments in a diversified portfolio of multiresidential properties; (ii) to provide unitholders with sustainable and growing cash distributions, payable monthly; and (iii) to maintain a conservative payout ratio and balance sheet.