News

The following announcements have been pulled together in one easy to navigate location in order to provide unitholders and the financial community quick and easy access to selected press releases.  Please check back regularly for new releases.

23
Dec

Ottawa, Ontario (December 23, 2014) – InterRent Real Estate Investment Trust (TSX-IIP.UN) (“InterRent”) announced today that its distribution declared for the month of December 2014 is $0.0183 per Trust unit, equal to $0.22 per Trust unit on an annualized basis.  Payment will be made on or about January 15, 2014 to unitholders of record on December 31, 2014.

17
Nov

Ottawa, Ontario (November 17, 2014) – InterRent Real Estate Investment Trust (TSX-IIP.UN) (“InterRent”) announced today that its distribution declared for the month of November 2014 is $0.0183 per Trust unit, equal to $0.22 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 a 10% increase over the previous 2014 monthly distributions.  Payment will be made on or about December 15, 2014 to unitholders of record on November 30, 2014.

10
Nov

Ottawa, Ontario (November 10, 2014) – InterRent Real Estate Investment Trust (TSX-IIP.UN) (“InterRent” or the “REIT”) today reported financial results for the third quarter ended September 30, 2014.  With InterRent’s portfolio demonstrating strong sustainable results and with the REIT applying its disciplined approach to growing the portfolio, the Board of Trustees has approved a 10% increase to the monthly per unit distributions.  The increase will be effective for the November distribution that is to be paid in December 2013.

21
Oct

Ottawa, Ontario (October 21, 2014) – InterRent Real Estate Investment Trust (TSX-IIP.UN) (“InterRent”) announced today that its distribution declared for the month of October 2014 is $0.0167 per Trust unit, equal to $0.20 per Trust unit on an annualized basis.  Payment will be made on or about November 17, 2014 to unitholders of record on October 31, 2014.

18
Sep

Ottawa, Ontario (September 18, 2014) – InterRent Real Estate Investment Trust (TSX-IIP.UN) (“InterRent”) announced today that its distribution declared for the month of September 2014 is $0.0167 per Trust unit, equal to $0.20 per Trust unit on an annualized basis.  Payment will be made on or about October 15, 2014 to unitholders of record on September 30, 2014.

03
Sep

Ottawa, Ontario (September 3, 2014) – InterRent Real Estate Investment Trust (TSX-IIP.UN) (“InterRent”) announced today that it has entered into an unconditional agreement to acquire a property in Mississauga consisting of 1 high-rise and 13 low-rise apartment buildings.  In total, the acquisition will add 232 suites to the InterRent portfolio.

13
Aug

Ottawa, Ontario (August 12, 2014) – InterRent Real Estate Investment Trust (TSX-IIP.UN) (“InterRent” or the “REIT”) today reported financial results for the second quarter ended June 30, 2014.

24
Jul

Ottawa, Ontario (July 24, 2014) – InterRent Real Estate Investment Trust (TSX-IIP.UN) (“InterRent”) announced today that it has completed the purchase of a property ideally situated in Hamilton’s east end for a combined purchase price of $24,095,500.

21
Jul

Ottawa, Ontario (July 21, 2014) – InterRent Real Estate Investment Trust (TSX-IIP.UN) (“InterRent”) announced today that its distribution declared for the month of July 2014 is $0.0167 per Trust unit, equal to $0.20 per Trust unit on an annualized basis.  Payment will be made on or about August 15, 2014 to unitholders of record on July 31, 2014.

18
Jun

Ottawa, Ontario (June 18, 2014) – InterRent Real Estate Investment Trust (TSX-IIP.UN) (“InterRent”) announced today that its distribution declared for the month of June 2014 is $0.0167 per Trust unit, equal to $0.20 per Trust unit on an annualized basis.  Payment will be made on or about July 15, 2014 to unitholders of record on June 30, 2014.

29
May

Ottawa, Ontario (May 29, 2014) – InterRent Real Estate Investment Trust (TSX-IIP.UN) (the “REIT”) announced that the nominees listed in the management proxy circular for the 2014 Annual General Meeting of unitholders were elected as trustees of the REIT. Detailed results of the vote for the election of trustees held at the Annual and General Meeting in Ottawa on May 28, 2014 are set out below.

16
May

Ottawa, Ontario (May 16, 2014) – InterRent Real Estate Investment Trust (TSX-IIP.UN) (“InterRent”) announced today that its distribution declared for the month of May 2014 is $0.0167 per Trust unit, equal to $0.20 per Trust unit on an annualized basis.  Payment will be made on or about June 16, 2014 to unitholders of record on May 31, 2014.

12
May

Ottawa, Ontario (May 12, 2014) – InterRent Real Estate Investment Trust (TSX-IIP.UN) (“InterRent” or the “REIT”) today reported financial results for the first quarter ended March 31, 2014.

17
Apr

Ottawa, Ontario (April 17, 2014) – InterRent Real Estate Investment Trust (TSX-IIP.UN) (“InterRent”) announced today that its distribution declared for the month of April 2014 is $0.0167 per Trust unit, equal to $0.20 per Trust unit on an annualized basis.  Payment will be made on or about May 15, 2014 to unitholders of record on April 30, 2014.

18
Mar

Ottawa, Ontario (March 18, 2014) – InterRent Real Estate Investment Trust (TSX-IIP.UN) (“InterRent”) announced today that its distribution declared for the month of March 2014 is $0.0167 per Trust unit, equal to $0.20 per Trust unit on an annualized basis.  Payment will be made on or about April 15, 2014 to unitholders of record on March 31, 2014.

04
Mar

Ottawa, Ontario (March 4, 2014) – InterRent Real Estate Investment Trust (TSX-IIP.UN) (“InterRent” or the “REIT”) today reported financial results for the fourth quarter and year ended December 31, 2013.

25
Feb

Ottawa, Ontario (February 25, 2014) – InterRent Real Estate Investment Trust (TSX-IIP.UN) (“InterRent”) announced today that it has closed on a previously announced property acquisition ideally situated in Ottawa’s west end for a purchase price of $7.2 million.
The property is located at the corner of Carling Avenue and Crystal Beach Drive, directly across from the Ottawa River, in the neighborhood of Crystal Beach and is adjacent to our previously announced acquisition that closed in May of 2013.  Situated in a predominantly residential area, the property offers excellent views of the Ottawa River and is within close proximity to major bus transit routes as well as highway 417 and the Bayshore Shopping Center.   

The Property consists of 2 1-bedrooms; 28 2-bedrooms; and 24 garden homes.  Combined with our previous acquisition in Crystal Beach, the REIT now has 141 rental units within close proximity to the former Nortel campus.  This campus is being refitted and the Department of National Defence has reported that it expects to have 8,500 employees working out of this location within six years with the first 3,300 scheduled to arrive late in 2015.  The properties are being purchased with a going in capitalization rate of 5.75% and is immediately accretive to the REIT.  The acquisitions will be financed through a conventional first mortgage while the property is being repositioned. 

“With our years of experience in the Ottawa market, we believe that this acquisition is in a great geographical location and represents a strong addition to the long term strategy of growing the REIT’s portfolio where we believe we can create value for our Unitholders,” said Mike McGahan, CEO.

24
Feb

Ottawa, Ontario (February 24, 2014) – InterRent Real Estate Investment Trust (TSX-IIP.UN) (“InterRent”).
InterRent reported today that a fire occurred at an apartment building in Hamilton, Ontario.  The property, known as Pasadena Apartments, consists of 17 suites and was a landmark building in the neighborhood.  The cause of the fire is not known at this time.  There were no reports of serious injuries to any residents, staff or emergency personnel.  “Our principal focus at this time is to assist those affected by this fire.  We would also like to thank the Fire Department, Police and the Red Cross for their quick response and their extreme professionalism in dealing with the fire and comforting our residents,” said Mike McGahan, CEO. 

InterRent believes the loss to the REIT caused by the fire is covered by insurance and will not have a material effect on the Company’s financial condition or operating results. 

20
Feb

Ottawa, Ontario (February 19, 2014) – InterRent Real Estate Investment Trust (TSX-IIP.UN) (“InterRent”) announced today that its distribution declared for the month of February 2014 is $0.0167 per Trust unit, equal to $0.20 per Trust unit on an annualized basis.  Payment will be made on or about March 17, 2014 to unitholders of record on February 28, 2014.

17
Jan

Ottawa, Ontario (January 16, 2014) – InterRent Real Estate Investment Trust (TSX-IIP.UN) (“InterRent”) announced today that its distribution declared for the month of January 2014 is $0.0167 per Trust unit, equal to $0.20 per Trust unit on an annualized basis.  Payment will be made on or about February 17, 2014 to unitholders of record on January 31, 2014.