European Residential REIT (ERES.UN-T) has closed on the sales of 530 residential rental housing units and an office property in the Netherlands for approximately C$173 million as management follows through on a pledge to lower debt levels.
UPDATED WITH QUOTES: CEO Mark Kenney says CAPREIT's (CAR-UN-T) move to sell 75 Canadian manufactured homes communities to TPG Real Estate for $740 million is another step toward becoming a pure-play apartment investor and manager.
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