InterRent REIT Announces April Distributions

TORONTO, ONTARIO InterRent Real Estate Investment Trust (TSX:IIP.UN) ("InterRent") announced today that its distribution declared for the month of April, 2008 is $0.0317, per unit, equal to $0.38 per unit on an annualized basis, representing an annual yield of approximately 11.5% based on the March 14, 2008 unit closing price of $3.32 per unit. Payment will be made on or about April 15, 2008 to Unit holders of record on March 31, 2008. At the close of business on March 14, 2008, InterRent had 18,064,095 units issued and outstanding, including class "B" units of InterRent Holdings Limited Partnership.