Morguard North American Residential REIT Declares July 2017 Distribution of $0.05333 per Unit

MISSISSAUGA, ON, July 14, 2017 /CNW/ - Morguard North American Residential Real Estate Investment Trust (the "REIT") (TSX: MRG.UN) today announced that it has declared a distribution of $0.05333 per unit for the month of July 2017.  The distribution will be payable on August 15, 2017 to unitholders of record as at July 31, 2017.

About Morguard North American Residential REIT

The REIT is an unincorporated, open-ended real estate investment trust which owns, through a limited partnership, interests in a portfolio of 16 Canadian residential apartment communities, located in Alberta and Ontario, and 29 U.S. low-rise and mid-rise, garden-style apartment communities located in Colorado, Texas, Louisiana, Illinois, Georgia, Florida, North Carolina and Virginia consisting of nearly 13,000 residential suites.

For more information, please visit Morguard.com.

SOURCE Morguard North American Residential Real Estate Investment Trust

Morguard North American Residential REIT, K. Rai Sahi, Chief Executive Officer, T 905-281-3800; Robert D. Wright, Chief Financial Officer, T 905-281-3800

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www.morguard.com