TORONTO, April 27, 2026 (GLOBE NEWSWIRE) -- European Residential Real Estate Investment Trust (TSX: ERE.UN) (“ERES” or the “REIT”) announced today that at its special meeting of the holders (“Unitholders”) of trust units (“REIT Units”) and special voting units (“SVUs” and together with the REIT Units, the “Units”) of the REIT held today (the “Meeting”), Unitholders approved the special resolution (the “Arrangement Resolution”) pertaining to the previously announced arrangement (the “Arrangement”) with Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”), pursuant to which an affiliate of CAPREIT will acquire all of the issued and outstanding REIT Units not already owned by CAPREIT and its affiliates for consideration of $1.19 per REIT Unit in an all-cash transaction. Accordingly, the REIT expects closing of the Arrangement to occur on or around May 1, 2026, subject to customary closing conditions including court approval (described below).