InterRent Real Estate Investment Trust: InterRent REIT Announces March Distributions

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TORONTO, ONTARIO (MARKET WIRE) InterRent Real Estate Investment Trust (TSX: IIP.UN) ("InterRent") announced today that its distribution declared for the month of March 2008 is $0.0317, per unit, equal to $0.38 per unit on an annualized basis, representing an annual yield of approximately 11.2% based on the February 14, 2008 unit closing price of $3.40 per unit. Payment will be made on or about March 15, 2008 to Unit holders of record on February 29, 2008. At the close of business on February 14, 2008, InterRent had 18,057,947 units issued and outstanding, including class "B" units of InterRent Holdings Limited Partnership.

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