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Press release from Marketwire

InterRent REIT Announces Appointment of New Trustee

Wednesday, May 12, 2010

InterRent REIT Announces Appointment of New Trustee09:21 EDT Wednesday, May 12, 2010TORONTO, ONTARIO--(Marketwire - May 12, 2010) - InterRent Real Estate Investment Trust (TSX:IIP.UN)(TSX:IIP.DB) ("InterRent") announced today that Paul Amirault has been appointed as an independent Trustee of InterRent. Mr. Amirault fills the vacancy created by the departure of Maurice Kagan, who resigned as a Trustee. Mr. Amirault is a founding member and partner of LaBarge Weinstein Professional Corporation, a Business Law Firm. He practices corporate and securities law, with an emphasis on equity financings and mergers and acquisitions. He has experience serving public and private companies as both a director and corporate secretary. Mr. Amirault received his LLB from Osgoode Hall Law School in 1993.InterRent would like to take this opportunity to thank Mr. Kagan for his many contributions over the past three years and wish him success in his future endeavors.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.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 or InterRent Real Estate Investment Trust Curt Millar, CA Chief Financial Officer (416) 769-0769 (416) 769-9919 (FAX) cmillar@interrentreit.com www.interrentreit.com The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.