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ERES REIT Continues Growth With €12mm Multi-Residential Acquisition in the Netherlands TORONTO, Dec. 15, 2020 European Residential Real Estate Investment Trust (TSX:ERE.UN, “ ERES” or the “ REIT”) announced today that it has entered into an agreement to acquire a multi-residential property located in Steenwijk, a city in the Dutch province of Overijssel (the “ Steenwijk Property”). The building is comprised of 98 residential units which are 100% owned and currently 98% leased. The €12.25 million (C$19 million) purchase price (excluding transaction costs and fees) represents an estimated forward capitalization rate of approximately 4.1%, and closing is anticipated on or around December 29, 2020. The Steenwijk Property is the fourth acquisition by ERES over the course of Q3 and Q4 2020, bringing total acquisition volume to €81 million (excluding transaction costs and fees) and increasing aggregate suite count by 415 units. The Steenwijk Property will be financ

Scott cryerPhillip burnsAlbert heijnEuropean residential real estate investment trustSteenwijk propertyஸ்காட் அழுகைபிலிப் தீக்காயங்கள்ஐரோப்பிய குடியிருப்பு ரியல் எஸ்டேட் முதலீடு நம்பிக்கை