Ms. Nancy Williams reports

MORGUARD NORTH AMERICAN RESIDENTIAL REIT 2023 SECOND QUARTER RESULTS CONFERENCE CALL

Morguard North American Residential REIT expects to release its financial results for the quarters ended June 30, 2023, and 2022, on Tuesday, July 25, 2023.

The REIT invites you to participate in a conference call on Thursday, July 27, 2023, at 3 p.m. ET. An overview of the REIT's financial results will be provided by Chris Newman, chief financial officer. A question-and-answer session will then follow.

To participate in the conference call, please dial 416-764-8688 or 1-888-390-0546. Please quote conference ID 81807013. To join the conference call without operator assistance, you may register and enter your phone number to receive an instant automated call back.

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 Aug. 27, 2023. To access the replay, dial 416-764-8677 or 1-888-390-0541 and enter the encore replay entry code 807013 followed by the pound key.

About Morguard North American Residential REIT

The REIT is an unincorporated, open-ended real estate investment trust which owns, through a limited partnership, interests in Canadian residential apartment communities, located in Alberta and Ontario, and U.S. residential apartment communities, located in Colorado, Texas, Louisiana, Illinois, Georgia, Florida, North Carolina, Virginia and Maryland.