Core Viewpoint - CAPREIT has announced the completion of significant asset dispositions by ERES, resulting in substantial cash inflow for reinvestment in the Canadian housing market [1][2][4]. Group 1: Dispositions and Financial Impact - ERES has closed the sale of entities owning 1,446 residential suites in the Netherlands for approximately $543 million, alongside the sale of commercial properties in Brussels and Landshut for about $51 million, totaling around $594 million in closed dispositions [1][2]. - CAPREIT expects to receive approximately $222 million from a special cash distribution declared by ERES, which amounts to an estimated $1.46 per ERES unit [2][4]. Group 2: Utilization of Proceeds - CAPREIT plans to utilize the proceeds from the ERES Special Distribution for debt repayment, funding future acquisitions of rental properties in Canada, and for general business purposes [3][4]. Group 3: Strategic Direction - The company aims to reinvest the capital back into the Canadian housing market, aligning with federal initiatives on housing and infrastructure, and is focused on acquiring high-performing Canadian apartment properties [4]. - CAPREIT's effective interest in ERES is approximately 65%, indicating a strong financial connection and potential for growth through strategic investments [2][4]. Group 4: Company Overview - As of June 30, 2025, CAPREIT owns around 45,400 residential apartment suites and townhomes across Canada and the Netherlands, with a total fair value of approximately $14.5 billion [5].