ERES REIT Announces Appointment of Stephen Co as Chief Financial Officer
November 25 2020 - 5:00PM
European Residential Real Estate Investment Trust (TSX:ERE.UN,
“
ERES” or the “
REIT”) and
Canadian Apartment Properties Real Estate Investment Trust
(TSX:CAR.UN, “
CAPREIT”) are pleased to announce
the appointment of Mr. Stephen Co to Chief Financial Officer of
ERES, replacing Mr. Scott Cryer, effective January 1, 2021.
Mr. Co joined CAPREIT in 2011 and his
responsibilities include oversight of the accounting and finance
functions, management of the budgeting and forecasting process and
execution of capital raising strategies. In his role as Vice
President, Finance, he was actively involved in the creation of
ERES in March 2019 and since has directed ERES’s ongoing financial
operations. Prior to joining CAPREIT, Stephen worked at
PricewaterhouseCoopers LLP in the assurance practice, servicing
clients in the real estate sector. He holds a Bachelor of Business
Administration degree from the University of Toronto, holds a
Chartered Accountant (CPA,CA) designation and is also a Chartered
Financial Analyst (CFA) Charterholder.
Pursuant to an asset management agreement,
CAPREIT provides ERES with, among other things, responsibility for
the role of chief financial officer, which Mr. Cryer, Chief
Financial Officer of CAPREIT, has held since March 2019. This
appointment reflects the maturation of ERES as well as succession
planning by CAPREIT. Mr. Cryer will continue to lead an active role
in the growth of ERES going forward, with CAPREIT being the
majority Unitholder and asset and property manager of ERES.
“I want to thank Mr. Cryer for his significant
contributions to ERES leading to and since its creation, and look
forward to continuing our strong relationship with him at CAPREIT,”
said Mr. Phillip Burns, CEO. “We are excited to welcome Mr. Co to
the CFO role and looking forward to working together in fostering
ERES’s future of opportunity.”
About ERES
ERES is an unincorporated, open-ended real
estate investment trust. ERES’s Units are listed on the TSX under
the symbol ERE.UN. ERES is Canada’s only European-focused,
multi-residential REIT, with a current initial focus on investing
in high-quality, multi-residential real estate properties in the
Netherlands. ERES owns a portfolio of 137 multi-residential
properties, comprised of 5,865 suites and ancillary retail space
located in the Netherlands, and owns one office property in Germany
and one office property in Belgium.
ERES’s registered and principal business office
is located at 11 Church Street, Suite 401, Toronto, Ontario M5E
1W1.
For more information, please visit our website
at www.eresreit.com.
Cautionary Statements Regarding
Forward-Looking Statements
All statements in this press release that do not
relate to historical facts constitute forward-looking statements.
These statements represent ERES’s intentions, plans, expectations
and beliefs and are subject to certain risks and uncertainties that
could result in actual results differing materially from these
forward-looking statements. These risks and uncertainties are more
fully described in regulatory filings that can be obtained on SEDAR
at www.sedar.com.
For further information |
|
|
ERES Mr.
Phillip
Burns Chief
Executive
Officer 416.354.0167 p.burns@eresreit.com |
ERESMr. Scott CryerChief Financial
Officer416.861.5771s.cryer@eresreit.com |
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