InterRent is continuing to execute on its capital recycling program by actively pursuing an asset allocation strategy of monetizing value created by the REIT in smaller non-core markets and recycling capital into core growth markets. Year to date, InterRent has purchased two properties (totaling 545 suites) and sold nineteen properties (totaling 876 suites). "We continue to execute on our strategy of recycling capital from our non-core properties into new repositioning opportunities within our core markets. Recycling from secondary markets to core markets does result in a reduction in cash flow in the short term; however, we believe that focusing on opportunities in our core markets will result in a higher quality portfolio with stronger long term yield," said Mike McGahan, CEO.