News

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22
Nov

INTERRENT PROPERTIES LTD. ACQUIRES EIGHTH RESIDENTIAL PROPERTY

Tuesday Nov 23 1999

HOUS.CDN

Shares issued 794,127

1999-11-22 close $0.30

Mr. G. Michael Newman reports
InterRent Properties has acquired its eighth residential property (containing five income producing units) located on Toronto's waterfront. InterRent now owns a total of 48 income producing units in the downtown Toronto vicinity. The debt component of the acquisition price was financed through InterRent's lead lending institution, CIBC Mortgage Corp.

A corporation's spokesperson stated: "This latest acquisition is in keeping with our plans to develop InterRent into a major force in the small to medium-sized residential housing market in Toronto in the next millennium. Our zero vacancy rate confirms the quality of our properties and the level of service our property managers provide to our tenants."

(c) Copyright 1999 Canjex Publishing Ltd. http://www.canada-stockwatch.com

CONTACT INTERRENT PROPERTIES LTD. www.interrentproperties.com