InterRent Announces November 2017 Distributions
November 20 2017 - 8:00AM
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 November 2017 is $0.0225 per
Trust unit, equal to $0.27 per Trust unit on an annualized
basis. As previously announced, the trustees decided to
increase the amount of future distributions as a result of
InterRent’s portfolio demonstrating strong, sustainable
results. This month’s distribution represents an 11.1%
increase over the previous 2017 monthly distributions.
Payment will be made on or about December 15, 2017 to unitholders
of record on November 30, 2017.
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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