Mr. William Martens reports

MARWEST APARTMENT REAL ESTATE INVESTMENT TRUST ANNOUNCES GRANTS OF DEFERRED UNITS IN SATISFACTION OF TRUSTEE COMPENSATION

Marwest Apartment Real Estate Investment Trust has issued 13,976 deferred units of the REIT to certain of its trustees for the period from Oct. 1, 2023, through Dec. 31, 2023, in the aggregate amount of $15,373.60, effective today, in accordance with the REIT's equity incentive plan adopted effective April 30, 2021, as amended, and the REIT's policy regarding the automatic settlement of trustee compensation in deferred units.

About Marwest Apartment Real Estate Investment Trust

The REIT is an unincorporated open-ended trust governed by the laws of the Province of Manitoba. The REIT was formed to provide holders of trust units of the REIT with the opportunity to invest in the Canadian multifamily rental sector through the ownership of high-quality income-producing properties, with an initial focus on stable markets throughout Western Canada.