11:11 AM EDT, 07/15/2024 (MT Newswires) -- European Residential Real Estate Investment Trust (ERE-UN.TO) on Monday said it closed on two dispositions of 530 residential suites in the Netherlands for approximately 114.9 million euros. ERES also closed on the sale of one office building in the Netherlands for 1.1 million euros.

Net proceeds from the transactions will be used to repay the amounts outstanding on the REIT's revolving credit facility.

The REIT's units were last seen up $0.20 to $2.65 on the Toronto Stock Exchange.

Price: 2.66, Change: +0.21, Percent Change: +8.57