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Press release from Marketwire

InterRent Announces July 2011 Distributions

Tuesday, June 21, 2011

InterRent Announces July 2011 Distributions20:23 EDT Tuesday, June 21, 2011OTTAWA, ONTARIO--(Marketwire - June 21, 2011) -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") announced today that its distribution declared for the month of June 2011 is $0.01 per Trust unit, equal to $0.12 per Trust unit on an annualized basis, representing an annual yield of approximately 5.6% based on the June 21, 2011 closing price of $2.15 per Trust unit. Payment will be made on or about July 15, 2011 to unitholders of record on June 30, 2011. About InterRentInterRent 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.Forward Looking StatementsThis news release contains "forward-looking statements" within the meaning applicable to 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 most recently publicly filed information located at www.sedar.com. InterRent cannot assure investors that actual results will be consistent with these forward looking statements and 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: Mike McGahanInterRent Real Estate Investment TrustChief Executive Officer(613) 569-5699 Ext 244(613) 569-5698 (FAX)mmcgahan@interrentreit.comORCurt Millar, CAInterRent Real Estate Investment TrustChief Financial Officer(613) 569-5699 Ext 233(613) 569-5698 (FAX)cmillar@interrentreit.comwww.interrentreit.comThe TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.