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11 Church Street, Suite 401
Toronto, Ontario, CanadaM5E 1W1
Phillip BurnsChief Executive Officer
+1 416 354 0167
Scott CryerChief Financial Officer
+1 416 861 2956
Canadian Apartment Properties Real Estate Investment Trust (TSX:CAR.UN, “CAPREIT“) and European Commercial Real Estate Investment Trust (TSX-V:ERE.UN, “ECREIT“) have announced an agreement pursuant to which ECREIT will acquire a portfolio of multi-residential properties located in the Netherlands from CAPREIT, comprising 2,091 suites in 41 properties.
This transaction will form European Residential REIT (ERES REIT), Canada’s first European-focused multi-residential REIT.