Ms. Renee Wei reports

INTERRENT REIT OBTAINS FINAL ORDER FOR PLAN OF ARRANGEMENT WITH CARRIAGE HILL PROPERTIES ACQUISITION CORP.

InterRent Real Estate Investment Trust has obtained a final order from the Ontario Superior Court of Justice (Commercial List), approving the previously announced plan of arrangement, pursuant to which Carriage Hill Properties Acquisition Corp., a newly formed entity owned by CLV Group and GIC, will acquire all of the units of the REIT (other than certain units of retained interest holders) for $13.55 per unit in cash by way of a statutory plan of arrangement under the provisions of the Business Corporations Act (Ontario).

The arrangement was initially announced on May 27, 2025, and was approved by InterRent's unitholders on Aug. 25, 2025.

The arrangement remains on track to close in late 2025 or early 2026.

About InterRent Real Estate Investment Trust

InterRent is a growth-oriented real estate investment trust engaged in increasing unitholder value and creating a growing and sustainable distribution through the acquisition and ownership of multiresidential properties.

InterRent's strategy is to expand its portfolio primarily within markets that have exhibited stable market vacancies, sufficient suites available to attain the critical mass necessary to implement an efficient portfolio management structure and offer opportunities for accretive acquisitions.

InterRent's primary objectives are to use the proven industry experience of the trustees, management and operational team: (i) to grow both funds from operations per unit and net asset value per unit through investments in a diversified portfolio of multiresidential properties; (ii) to provide unitholders with sustainable and growing cash distributions, payable monthly; and (iii) to maintain a conservative payout ratio and balance sheet.

About CLV Group

Since 1969, CLV Group has been dedicated to building stronger, more resilient portfolios for its investors, partners, communities, and most importantly, our valued residents, through a fully integrated real estate management platform. By adeptly navigating the market, the CLV Group team has optimized a range of complimentary services spanning residential and mixed-use development, acquisitions, investment portfolios, construction, realty, and property management.

Firmly rooted in a commitment to fostering sustainable, inclusive communities, CLV Group offers solid risk-adjusted returns supported by a robust portfolio of real estate assets nationwide. With $3 billion in assets under management, over 5 million square feet of development in its pipeline, and a wide range of residential units, CLV Group's track record itself proudly speaks to its relentless pursuit of excellence.

About GIC

GIC is a leading global investment firm established in 1981 to secure Singapore's financial future. As the manager of Singapore's foreign reserves, GIC takes a long-term, disciplined approach to investing and is uniquely positioned across a wide range of asset classes and active strategies globally. These include equities, fixed income, real estate, private equity, venture capital, and infrastructure. Its long-term approach, multi-asset capabilities, and global connectivity enable it to be an investor of choice. GIC seeks to add meaningful value to its investments. Headquartered in Singapore, GIC has a global talent force of over 2,300 people in 11 key financial cities and has investments in over 40 countries. For more information, please visit www.gic.com.sg or follow on LinkedIn.

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