ERES Provides Update on Previously Disclosed Disposition, Announces €53 Million in Additional Dispositions and Distribution Update

Core Viewpoint - European Residential Real Estate Investment Trust (ERES) is undergoing significant portfolio changes, including strategic dispositions and a planned special distribution for unitholders, while ceasing regular monthly distributions to maximize returns [1][8]. Previously Disclosed Disposition - ERES has agreed to sell entities owning 1,446 residential suites in the Netherlands for approximately €337.3 million, with an expected closing date of September 15, 2025 [2]. Additional Dispositions - ERES announced approximately €52.8 million in additional strategic dispositions, including the sale of commercial properties in Brussels and Landshut, and a residential property in Rotterdam [1][7]. Special Distribution - ERES intends to declare a special distribution of an estimated €0.90 per REIT unit, payable on September 25, 2025, contingent on the completion of the previously disclosed disposition [5][8]. Cessation of Monthly Distribution - ERES plans to cease its regular monthly cash distributions, with the anticipated final distribution to be declared in August 2025, aligning with its strategy to maximize returns for unitholders [6][8]. Company Overview - ERES is Canada's only European-focused multi-residential REIT, with a portfolio valued at approximately €729.1 million as of March 31, 2025, including 2,594 residential suites in the Netherlands [9].