InterRent Real Estate Investment Trust: News Release

OTTAWA, ONTARIO--(Marketwired - Oct. 13, 2016) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

InterRent Real Estate Investment Trust (TSX:IIP.UN) ("InterRent") announces with great sadness that Jacie Levinson, Trustee and Chairman of the Board, passed away on October 9, 2016.

Jacie was an incredible leader who had a passion for life and was involved in many businesses and charitable organizations. Jacie spent over 55 years in the Real Estate industry and shared his vast wealth of knowledge every day with the InterRent team. Jacie had the ability to boil down very complex items into the simplest of terms and communicate his thoughts clearly and effectively. His leadership, driving force and desire to always do better, while still appreciating the victories along the way, shall be remembered by the members of the Board, the management team of InterRent, and all those who came into contact with Jacie.

Jacie played an integral role in re-shaping InterRent when the management was re-structured seven years ago. He believed in InterRent when no one else did. He knew that the secret to turning InterRent around was the people and he loved nothing more than to mentor and teach the next generation. Jacie also loved to know about each building, its challenges, and how we could make it better. His passion was contagious.

"The Board and the Management Team will truly miss his guidance, knowledge and commitment. Most of all, we shall miss his great sense of humor and his friendship," said Mike McGahan, CEO.

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