Ms. Nancy Williams reports

MORGUARD NORTH AMERICAN RESIDENTIAL REIT 2024 FIRST QUARTER RESULTS CONFERENCE CALL

Morguard North American Residential REIT expects to release its financial results for the quarters ended March 31, 2024, and March 31, 2023, on Tuesday, April 30, 2024.

The REIT invites you to participate in a conference call on Thursday, May 2, 2024, 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 45541441. To join the conference call without operator assistance, you may register and enter your phone number on-line to receive an instant automated callback.

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 June 2, 2024. To access the replay, dial 416-764-8677 or 1-888-390-0541 and enter the encore replay entry code 541441 followed by the number sign.

About Morguard North American Residential REIT

Morguard North American Residential is an unincorporated, open-ended real estate investment trust that 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.