InterRent REIT Announces Appointment of New Trustee


OTTAWA, ONTARIO--(Marketwire - May 9, 2011) -

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

InterRent Real Estate Investment Trust (TSX:IIP.UN)(TSX:IIP.DB) ("InterRent") announced today that Ron Leslie has been appointed as an independent Trustee of InterRent. Mr. Leslie fills the vacancy created by the departure of David Nicholds, who decided not to stand for re-election and resigned as a Trustee.

Mr. Leslie holds a Bachelor of Commerce, has been a member of the Institute of Chartered Accountants since 1988 and is managing partner of a public accounting firm Phomin Leslie. Mr. Leslie has experience serving on boards of both public and private companies. The financial acumen and Audit Committee experience that Mr. Leslie brings will add further breadth and depth to the Board.

InterRent would like to take this opportunity to thank Mr. Nicholds for his many contributions over the past two years and wish him success in his future endeavours.

About InterRent

InterRent is a 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.

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

Contact Information:

InterRent Real Estate Investment Trust
Mike McGahan
Chief Executive Officer
(613) 569-5699 Ext 244
(613) 569-5698 (FAX)
mmcgahan@interrentreit.com

InterRent Real Estate Investment Trust
Curt Millar, CA
Chief Financial Officer
(613) 569-5699 Ext 233
(613) 569-5698 (FAX)
cmillar@interrentreit.com
www.interrentreit.com