Ms. Renee Wei reports

INTERRENT ANNOUNCES VOTING RESULTS FROM THE 2024 ANNUAL MEETING

InterRent Real Estate Investment Trust has released the voting results from its 2024 annual meeting of unitholders held on April 24, 2024. Each of the matters voted upon at the meeting is discussed in detail in the REIT's management information circular dated March 13, 2024, and is available on the REIT's website. A total of 112,882,376 units representing approximately 76.59 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.

1. Election of trustees

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

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 the unitholders or until their successors are elected or appointed. The voting results for the InterRent Trust are as shown in the attached table.

3. 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 (GP), until the next annual meeting of the unitholders or until their successors are elected or appointed. The voting results for the GP are as shown in the attached table.

4. Appointment of auditor

RSM Canada LLP, chartered professional accountants, was reappointed as auditor of the REIT until the next annual meeting of the unitholders at remuneration to be fixed by the trustees, and the voting results are as shown in the 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) provide unitholders with sustainable and growing cash distributions, payable monthly; and (iii) maintain a conservative payout ratio and balance sheet.