European Residential to sell 88-suite property

Executive Summary

• European Residential Real Estate Investment Trust (ERE) entered into a definitive agreement to sell an unencumbered 88‑suite property in Schiedam, Netherlands for approximately €20.6 million.
• The transaction is expected to close in March 2026, subject to customary closing conditions.
• Net proceeds will be used for general trust purposes and to support the REIT’s ongoing strategy of disposing of individual assets ahead of a potential final en‑bloc sale.

Key Details

• Transaction: Sale agreement for an 88‑suite multifamily property located in Schiedam, Netherlands.
• Purchase Price: Approximately €20.6 million (≈€21 million), exclusive of transaction costs and customary adjustments.
• Closing Timeline: Anticipated completion in March 2026, subject to satisfaction of closing conditions.
• Use of Proceeds: Net proceeds will be allocated to general trust purposes, supporting the REIT’s broader portfolio optimization strategy.
• Strategic Context: This sale is the latest in a series of four announced single‑property dispositions; after completion, roughly 600 suites will remain available for sale as part of an integrated Dutch portfolio.
• CEO Comment: Mark Kenney highlighted that the disposition “will best position our remaining portfolio for a potential final en bloc transaction” and noted the attractive price achieved for the Schiedam asset.

Notable Quotes

“As a follow‑on to our last update, we've been pursuing a series of select individual asset sales that will best position our remaining portfolio for a potential final en bloc transaction,” – Mark Kenney, Chief Executive Officer.

All forward‑looking statements are subject to risks and uncertainties, including the ability to close the pending disposition.