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arwest Apartment Real Estate Investment Trust (Marwest Apartment REIT) has announced a monthly cash distribution of $0.0013 per trust unit (Trust Unit) for September 2024, which represents an annualized cash distribution of $0.0156 per Trust Unit. The cash distribution will be made on October 15, 2024, to Unitholders on record as of September 30, 2024.

    As of the current date, there are a total of 8,856,403 Units and 10,642,435 Exchangeable Units issued and outstanding.

    Marwest Apartment REIT is an unincorporated open-ended trust governed by the laws of Manitoba. The REIT was established to provide investors with the opportunity to invest in Canada's multi-family rental sector through ownership of high-quality income-producing properties in stable markets throughout Western Canada.

    The REIT's management team and Trustees have over 100 years of combined experience in multi-residential real estate, including development, construction, management, and financing expertise as well as significant governance experience. The REIT has an external asset and property management agreement through the Marwest Group of Companies, a fully integrated real estate group specializing in development, construction, and property management.

    The Marwest Group of Companies has developed over 12,000 units and currently manages over 2,500 units, providing the REIT with top-quality tools, industry knowledge, and strong relationships.

    The forward-looking statements in this news release are based on assumptions subject to significant risks and uncertainties. As a result of these risks and uncertainties, actual results may differ materially from those anticipated and indicated by these forward-looking statements. The declaration and/or payment of future cash distributions will depend on several factors, including the financial performance, financial condition, and financial requirements of the REIT. Although management of the REIT believes that the expectations reflected in forward-looking statements are reasonable, they can give no assurance that these expectations will prove to be correct.

    Neither the TSXV nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this news release. The Trust Units are not registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold within the United States or to or for the account or benefit of U.S. persons, except in certain transactions exempt from the registration requirements of the U.S. Securities Act. This press release does not constitute an offer to sell, or the solicitation of an offer to buy, securities of the REIT in the United States or in any other jurisdiction.

    For more information about Marwest Apartment REIT, please visit http://www.marwestapts.com.

    About Marwest Apartment REIT

    Marwest Apartment REIT is an unincorporated open-ended trust established to provide Unitholders with the opportunity to invest in Canada's multi-family rental sector through ownership of high-quality income-producing properties in stable markets throughout Western Canada. The REIT is governed by the laws of Manitoba and has an external asset and property management agreement through the Marwest Group of Companies, a fully integrated real estate group specializing in development, construction, and property management.

    Forward-looking Statements

    The forward-looking statements in this news release are based on assumptions subject to significant risks and uncertainties. As a result of these risks and uncertainties, actual results may differ materially from those anticipated and indicated by these forward-looking statements. The declaration and/or payment of future cash distributions will be dependent on several factors, including but not limited to the financial performance, financial condition, and financial requirements of the REIT. Although management of the REIT believes that the expectations reflected in forward-looking statements are reasonable, they can give no assurance that these expectations will prove to be correct.

    Neither the TSXV nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this news release. The Trust Units are not registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold within the United States or to or for the account or benefit of U.S. persons, except in certain transactions exempt from the registration requirements of the U.S. Securities Act. This press release does not constitute an offer to sell, or the solicitation of an offer to buy, securities of the REIT in the United States or in any other jurisdiction.

    For more information about Marwest Apartment REIT, please visit http://www.marwestapts.com.