Ms. Nancy Williams reports

MORGUARD NORTH AMERICAN RESIDENTIAL REIT 2023 THIRD QUARTER RESULTS CONFERENCE CALL

Morguard North American Residential REIT will release its financial results for the quarter ended Sept. 30, 2023, on Tuesday, Oct. 24, 2023.

The REIT invites you to participate in a conference call on Thursday, Oct. 26, 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 93105273.

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 Nov. 26, 2023. To access the replay, dial 416-764-8677 or 1-888-390-0541 and enter the encore replay entry code 105273 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 United States residential apartment communities located in Colorado, Texas, Louisiana, Illinois, Georgia, Florida, North Carolina, Virginia and Maryland.