Mr. Rai Sahi reports

MORGUARD NORTH AMERICAN RESIDENTIAL REIT 2014 THIRD QUARTER RESULTS CONFERENCE CALL

Rai Sahi, chief executive officer of Morguard North American Residential Real Estate Investment Trust, invites you to participate in a conference call on Friday, Nov. 7, 2014, at 10 a.m. (ET) to discuss the financial results for the quarters ended Sept. 30, 2014, and 2013.

An overview of Morguard North American Residential REIT's financial results will be provided by Robert D. Wright, chief financial officer of Morguard North American Residential REIT. A question-and-answer session will then follow.

To participate in the conference call, please dial 647-427-7450 or 1-888-231-8191. Please quote conference ID No. 25625373.

For those unable to participate, a taped replay will be available after the completion of the call from 6 p.m. (ET) until midnight on Dec. 8, 2014. To access the replay, dial 416-849-0833 or 1-855-859-2056 and enter the passcode 25625373.