Bullboard - Stock Discussion Forum European Residential REIT T.ERE.UN

Alternate Symbol(s): EREUF

European Residential REIT is a Canada-based open-ended real estate investment trust (REIT). The Company owns a portfolio of 157 multi-residential properties, comprised of approximately 6,750 suites and ancillary retail space located in the Netherlands, and owned one commercial property in Germany and one commercial property in Belgium. Its Commercial properties are located in Belgium and... see more

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European Residential REIT > Management gives up - ERE up for "strategic" review

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Post by junglejames on Jun 16, 2023 9:31am

Management gives up - ERE up for "strategic" review

EUROPEAN RESIDENTIAL REAL ESTATE INVESTMENT TRUST ANNOUNCES STRATEGIC REVIEW

European Residential Real Estate Investment Trust is working with CBRE, as financial and real estate adviser, to advise it in connection with a strategic review of the REIT.

The trust has not established a definitive timeline to complete the strategic review or any transaction, and no decisions have been reached at this time. There can be no assurance that the engagement of CBRE or the strategic review will result in any transaction or initiative or, if a transaction or initiative is undertaken, as to the terms or timing of such a transaction or initiative. The trust does not currently intend to disclose further developments in connection with or arising from the engagement of CBRE, the strategic review or in connection with any transaction, initiative or related matter, unless and until it is determined that disclosure is necessary or appropriate.

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