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Press release from Marketwire

InterRent Real Estate Investment Trust Announces New Chief Financial Officer

Thursday, May 06, 2010

InterRent Real Estate Investment Trust Announces New Chief Financial Officer18:09 EDT Thursday, May 06, 2010TORONTO, ONTARIO--(Marketwire - May 6, 2010) - NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATESInterRent Real Estate Investment Trust (TSX:IIP.UN)(TSX:IIP.DB)("InterRent" or the "REIT") announced today that Curt Millar has been named the new Chief Financial Officer ("CFO") of the REIT. "On behalf of the board of trustees, all the staff at InterRent, and myself, I would like to thank Mr. Traer for his service to InterRent over the past few years and his continued support in helping through the transition of the CFO responsibilities." said Mike McGahan, Chief Executive Officer of InterRent.Mr. Millar is a chartered accountant and has a number of years of experience in business management. "We are very pleased to have Curt take on the CFO responsibilities," said Mike McGahan, Chief Executive Officer of InterRent. "He is an accomplished financial professional with a strong business background who we believe will become a key member of the InterRent team."About InterRentInterRent 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 4,033 apartment suites under ownership.Forward Looking StatementsThis news release contains "forward-looking statements" within the meaning of 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 www.sedar.com. InterRent cannot assure investors that actual results will be consistent with these forward looking statement. InterRent assumes no obligation to update or revise the forward looking statements contained in this release to reflect actual events or new circumstances.FOR FURTHER INFORMATION PLEASE CONTACT: InterRent Real Estate Investment Trust Mike McGahan Chief Executive Officer (416) 769-0769 Ext 239 (416) 769-9919 (FAX) mmcgahan@interrentreit.com www.interrentreit.com or InterRent Real Estate Investment Trust Curt Millar, CA Chief Financial Officer (416) 769-0769 (416) 769-9919 (FAX) curt.millar@interrentreit.com