InterRent Real Estate Investment Trust

InterRent Real Estate Investment Trust

August 16, 2007 09:00 ET

InterRent Real Estate Investment Trust Announces September Distribution

TORONTO, ONTARIO--(Marketwire - Aug. 16, 2007) - InterRent Real Estate Investment Trust (TSX:IIP.UN) ("InterRent") announced today that its distribution declared for the month of September 2007 is $0.0317, per unit, equal to $0.38 per unit on an annualized basis, representing an annual yield of approximately 8.84% based on the August 15, 2007 Unit closing price of $4.30/Unit. Payment will be made on or about September 15, 2007 to Unit holders of record on August 31, 2007. At the close of business on August 15, 2007, InterRent had 16,233,007 Units issued and outstanding, including class B Units of InterRent Holdings Limited Partnership.

About InterRent

InterRent is a rapidly expanding, growth oriented real estate investment trust engaged in building unitholder value through the accretive acquisition, ownership and operation of strategically located income producing multi-residential real estate, with 4,007 apartment suites owned, or under firm contract in the Province of Ontario.

Forward Looking Statements

This news release contains "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities legislation. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "anticipated", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". InterRent is subject to significant risks and uncertainties which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward looking statements contained in this release. A full description of these risk factors can be found in InterRent's publicly filed information which may be located at InterRent cannot assure investors that actual results will be consistent with these forward looking statements and InterRent assumes no obligation to update or revise the forward looking statements contained in this release to reflect actual events or new circumstances.

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