Dr. Gina Parvaneh Cody reports

ERES ENTERS INTO AGREEMENT TO SELL 88-SUITE PROPERTY FOR EUROS21 MILLION

European Residential Real Estate Investment Trust has entered into an agreement to sell an unencumbered 88-suite property in Schiedam, the Netherlands, for approximately 20.6 million euros, excluding transaction costs and other customary adjustments (the pending disposition). Subject to the satisfaction of closing conditions, completion of the pending disposition is anticipated in March, 2026, with net proceeds intended to be used for general trust purposes. There can be no assurance that all requirements for closing of the pending disposition will be obtained, satisfied or waived.

"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," commented Mark Kenney, chief executive officer. "To wrap up this phase of the sale process, we've now signed one additional deal to strategically dispose of the Schiedam property at a compelling price. Subject to completion of all four of these announced single-property dispositions, we have around 600 suites left for sale, which together represent an attractive, integrated portfolio in the Netherlands."

About European Residential Real Estate Investment Trust

European Residential is an unincorporated, open-ended real estate investment trust. European Residential's Units are listed on the Toronto Stock Exchange under the symbol ERE.UN. European Residential is Canada's only European-focused multiresidential REIT, with a current portfolio of high-quality, multiresidential real estate properties in the Netherlands. As at Sept. 30, 2025, European Residential owned 1,033 residential suites and ancillary retail space located in the Netherlands, with a total fair value of approximately 311.7 million euros.

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