InterRent Announces May 2018 Distributions
May 23 2018 - 3:12PM
NOT FOR DISTRIBUTION TO UNITED STATES
NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED
STATES
InterRent Real Estate Investment Trust (TSX-IIP.UN)
(“
InterRent”) announced today that its
distribution declared for the month of May 2018 is $0.0225 per
Trust unit, equal to $0.27 per Trust unit on an annualized basis.
Payment will be made on or about June 15, 2018 to unitholders of
record on May 31, 2018.
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 objective is to use the
proven industry experience of the Trustees, Management and
Operational Team to: (i) provide Unitholders with stable and
growing cash distributions from investments in a diversified
portfolio of multi-residential properties; (ii) enhance the
value of the assets and maximize long-term Unit value through
the active management of such assets; and (iii) expand
the asset base and increase Distributable Income through
accretive acquisitions.
For further information about InterRent please
contact:
Mike McGahan |
Brad Cutsey, CFA |
Curt Millar, CPA,
CA |
Chief Executive
Officer |
President |
Chief Financial
Officer |
Tel: (613) 569-5699 Ext
244 |
Tel: (613) 569-5699 Ext
226 |
Tel: (613) 569-5699 Ext
233 |
Fax: (613)
569-5698 |
Fax: (613)
569-5698 |
Fax: (613)
569-5698 |
e-mail:
mmcgahan@interrentreit.com |
e-mail:
bcutsey@interrentreit.com |
e-mail:
cmillar@interrentreit.com |
The TSX has not reviewed and does not
accept responsibilityfor the adequacy or accuracy
of this release.
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