ERES Enters Into Agreements to Sell Three Properties for €68 Million

Core Viewpoint - European Residential Real Estate Investment Trust (ERES) has announced the sale of three properties in the Netherlands for approximately €67.8 million, with the completion expected between January and April 2026, pending closing conditions [1][4]. Group 1: Property Sales - ERES has entered into agreements to sell three properties, which include a 33-suite property in Roermond for approximately €10.0 million, an 88-suite property in Valkenburg for approximately €15.0 million, and a 201-suite property in Arnhem for approximately €42.8 million [7]. - The net proceeds from these sales are intended for general trust purposes, including the repayment of approximately €15.2 million in associated mortgage debt [1][7]. Group 2: Strategic Positioning - The pending dispositions are viewed as attractive transaction values that support ERES's ongoing sale process for its remaining portfolio, positioning the REIT for a potential final en-bloc transaction [2]. - BMO Capital Markets has been retained as a financial advisor to assist in reviewing individual asset sales and advising on the potential en-bloc transaction for the remaining portfolio [2]. Group 3: Current Portfolio - As of September 30, 2025, ERES owned a total of 1,033 residential suites and ancillary retail space in the Netherlands, with a total fair value of approximately €311.7 million [5]. - Following the expected closing of the pending dispositions, ERES's remaining portfolio will consist of around 700 residential suites and ancillary retail space [4].