MARWEST APARTMENT REAL ESTATE INVESTMENT TRUST ANNOUNCES MONTHLY CASH DISTRIBUTION

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE Companies OR FOR DISSEMINATION IN THE UNITED STATES/

WINNIPEG, MB, April 18, 2022 /CNW/ – Marwest Apartment Real Estate Investment Have confidence in (“Marwest Apartment REIT” or the “REIT”) (TSXV: MAR.UN) declared that its Trustees have declared a every month cash distribution of $.00125 per have faith in device (“Belief Unit”) of the REIT for the thirty day period of April 2022, representing a funds distribution for every Have faith in Device of $.015 on an annualized foundation. The cash distributions will be built on May perhaps 16, 2022 to Unitholders on document as of April 30, 2022.

As at the date hereof, there are an combination of 8,831,564 Units, and 10,841,274 Exchangeable Units issued and exceptional.

About Marwest Apartment REIT

The REIT is an unincorporated open-ended have faith in governed by the legal guidelines of the Province of Manitoba. The REIT was fashioned to present Unitholders with the chance to commit in the Canadian multi-relatives rental sector via the ownership of substantial-good quality income-generating properties, with an initial focus on stable markets during Western Canada.

Marwest REIT’s administration crew and Trustees have about 100 a long time of blended expertise in multi-household real estate. They bring a sturdy blend of development, development, administration, and financing expertise, along with important governance expertise. The REIT has an external asset and property administration agreement through the Marwest Group of Firms. The Marwest Group of Companies is a absolutely built-in real estate team that specializes in enhancement, building, and residence administration. Now in its third generation of functions, the Marwest Team has produced more than 12,000 units, and at the moment manages over 2,500 models, providing the REIT with an array of leading calibre equipment, field know-how and solid relationships. Marwest Apartment REIT will go on to benefit from the skills and potent infrastructure that is at this time in put through the Marwest Group.

Tale continues

Ahead-seeking Statements

The information in this news launch contains specified information and statements about the REIT’s latest every month funds distribution coverage that constitute forward‐looking statements. These statements are based mostly on assumptions that are subject to important hazards and uncertainties. Because of these challenges and uncertainties and as a outcome of a range of variables, the genuine benefits, anticipations, achievements or efficiency may well differ materially from those people predicted and indicated by these forward‐looking statements. A quantity of aspects could bring about precise final results to vary materially from these forward‐looking statements. The declaration and/or payment of upcoming money distributions will be dependent upon a range of variables, including but not constrained to the economic performance, financial problem and economic needs of the REIT. Although administration of the REIT thinks that the anticipations mirrored in forward‐ searching statements are reasonable, it can give no assurances that the expectations of any forward‐ looking statements will show to be appropriate. Besides as needed by law, the REIT disclaims any intention and assumes no obligation to update or revise any forward‐looking statements to replicate actual results, whether or not as a result of new facts, long run occasions, improvements in assumptions, changes in components influencing these types of forward‐looking statements or otherwise.

Neither the TSXV nor its Regulation Products and services Service provider (as that expression is outlined in the guidelines of the TSXV) accepts duty for the adequacy or accuracy of this information release.

The Believe in Models are not registered beneath the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) and may possibly not be presented or offered within just the United States or to or for the account or profit of U.S. people, other than in selected transactions exempt from the registration requirements of the U.S. Securities Act. This press release does not represent an present to sell, or the solicitation of an present to acquire, securities of the REIT in the United States or in any other jurisdiction.

Source Marwest Condominium Real Estate Investment Have confidence in

See initial material to download multimedia: http://www.newswire.ca/en/releases/archive/April2022/18/c1331.html