InterRent Real Estate Investment Trust : REIT ANNOUNCES TIMING OF SECOND QUARTER 2021 RESULTS AND CONFERENCE CALL

Ottawa, Ontario (July 21, 2021) - InterRent Real Estate Investment Trust (TSX-IIP.UN) ('InterRent') announced today that it will release its 2021 second quarter financial results before the market opens on Monday, August 9, 2021. Management will host a conference call and webcast to speak to these results on Monday, August 9, 2021 at 10:00 AM EDT.

Conference Call & Webcast

The dial-in numbers for the conference call are 1-888-440-6928 (toll free) and 646-960-0328 (international). No access code required.

The webcast will be accessible at: https://www.interrentreit.com/2021-q2-results.A replay will be available for 7 days after the webcast at the same link.

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.

For further information, please contact:

Sandy Rose, CFA

Director - Investor Relations & Sustainability

[phone]

[e-mail]

www.interrentreit.com

The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.