European Residential Management

European Residential REIT (ERES) is a Canadian-listed real estate investment trust (REIT) specializing in high-quality, multi-residential properties in the Netherlands. With the support of CAPREIT, one of Canada’s leading residential landlords, ERES focuses on delivering stable income and growth potential. The firm promotes a conservative financial profile, strong governance through an experienced management team, and a seasoned Board of Trustees, all contributing to ERES’s reputation as a compelling investment opportunity in the European real estate market. In response to the COVID-19 pandemic, ERES has taken proactive steps to ensure the safety of its staff and tenants. The establishment of a Crisis Management Team in the Netherlands is central to its strategy, as it collaborates with the CAPREIT team to monitor and address developments related to the health crisis. Key initiatives include daily communication with operations staff, updated public health education for employees, and protocols for tenant service requests to ensure the continuity of operations while adhering to health guidelines. ERES has restricted non-essential in-person meetings, transitioned to a remote work arrangement, and implemented safety measures during maintenance work to minimize COVID-19 transmission risks. ERES has also prioritized tenant communication during the pandemic, providing regular updates and ensuring that maintenance and safety protocols are followed to maintain sanitary conditions in its properties. As part of its ongoing operations, ERES continues to engage with leasing brokers and monitors rent collection, with established protocols for deferral requests. The firm has maintained a strong financial position and emphasizes the defensive qualities of the multi-family real estate sector, which is believed to be resilient in the face of broader market fluctuations. Overall, ERES is committed to navigating the challenges posed by the pandemic while maintaining a focus on the health and well-being of its stakeholders.