Mr. Todd Cook reports

NORTHVIEW RESIDENTIAL REIT ANNOUNCES MARCH DISTRIBUTION AND TAX INFORMATION REGARDING 2024 DISTRIBUTIONS

Northview Residential REIT's March, 2025, cash distribution amounts on its outstanding Class A units, Class C units and Class F units in the amount of 9.1146 cents per unit ($1.09 per unit on an annualized basis). The distribution will be payable on April 15, 2025, to holders of units of record at March 31, 2025.

Tax information regarding 2024 distributions

For the year ended Dec. 31, 2024, the REIT anticipates that the income allocation for distributions to unitholders will consist of 73 per cent capital gains and 27 per cent taxable income, primarily due to the sale of non-core assets throughout 2024. Unitholders should note that this allocation is specific to 2024, and there is no certainty that it will reflect the tax attributes of the REIT's distributions going forward.

About Northview Residential REIT

The REIT is a publicly traded real estate investment trust established pursuant to a declaration of trust under the laws of the Province of Ontario for the primary purpose of indirectly acquiring, owning and operating a portfolio of income-producing rental properties in secondary markets within Canada.