{"id":388742,"date":"2020-11-25T17:03:30","date_gmt":"2020-11-25T22:03:30","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=388742"},"modified":"2020-11-25T17:03:30","modified_gmt":"2020-11-25T22:03:30","slug":"eres-reit-announces-appointment-of-stephen-co-as-chief-financial-officer","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/eres-reit-announces-appointment-of-stephen-co-as-chief-financial-officer\/","title":{"rendered":"ERES REIT Announces Appointment of Stephen Co as Chief Financial Officer"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"left\">TORONTO, Nov.  25, 2020  (GLOBE NEWSWIRE) &#8212; European Residential Real Estate Investment Trust (TSX:ERE.UN, \u201c<strong>ERES<\/strong>\u201d or the \u201c<strong>REIT<\/strong>\u201d) and Canadian Apartment Properties Real Estate Investment Trust (TSX:CAR.UN, \u201c<strong>CAPREIT<\/strong>\u201d) are pleased to announce the appointment of Mr. Stephen Co to Chief Financial Officer of ERES, replacing Mr. Scott Cryer, effective January 1, 2021.<\/p>\n<p align=\"justify\">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\u2019s 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.<\/p>\n<p align=\"justify\">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.<\/p>\n<p align=\"justify\">\u201cI 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,\u201d said Mr. Phillip Burns, CEO. \u201cWe are excited to welcome Mr. Co to the CFO role and looking forward to working together in fostering ERES\u2019s future of opportunity.\u201d<\/p>\n<p align=\"justify\">\n        <strong>About ERES<\/strong>\n      <\/p>\n<p align=\"justify\">ERES is an unincorporated, open-ended real estate investment trust. ERES\u2019s Units are listed on the TSX under the symbol ERE.UN. ERES is Canada\u2019s 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.<\/p>\n<p align=\"justify\">ERES\u2019s registered and principal business office is located at 11 Church Street, Suite 401, Toronto, Ontario M5E 1W1.<\/p>\n<p align=\"justify\">For more information, please visit our website at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=OJ5rWGo2rfIRN0vnQgirn-gHrrHKC-IYR_1vUE_eLSmI7dppa6VDPeInbGtMRjleKt6OCF1zh4nmodPAGbciZQ==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.eresreit.com<\/a>.<\/p>\n<p align=\"justify\">\n        <strong>Cautionary Statements Regarding Forward-Looking Statements<\/strong>\n      <\/p>\n<p align=\"justify\">All statements in this press release that do not relate to historical facts constitute forward-looking statements. These statements represent ERES\u2019s 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 <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=KOMa8bwQhTGE5jUaqqhmXixIuiPEZES8gHcMJq7zcb8lT515FJahARSHrGHBWQBqG5x31OpaPSbMDLX4xjSpAg==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.sedar.com<\/a>.<\/p>\n<table style=\"border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td colspan=\"2\">\n            <strong>For further information<\/strong>\n          <\/td>\n<\/tr>\n<tr>\n<td style=\"max-width:22%;width:22%;min-width:22%\">\u00a0<\/td>\n<td style=\"max-width:78%;width:78%;min-width:78%\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td>ERES\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<br \/>Mr. Phillip Burns\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<br \/>Chief Executive Officer\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<br \/>416.354.0167\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<br \/>p.burns@eresreit.com<\/td>\n<td>ERES<br \/>Mr. Scott Cryer<br \/>Chief Financial Officer<br \/>416.861.5771<br \/>s.cryer@eresreit.com<\/td>\n<\/tr>\n<\/table>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA5MjM3NSMzODQ0MDM1IzIxODc4ODU=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/0691eb55-fc0b-45de-8b37-c139d8deee94\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>TORONTO, Nov. 25, 2020 (GLOBE NEWSWIRE) &#8212; European Residential Real Estate Investment Trust (TSX:ERE.UN, \u201cERES\u201d or the \u201cREIT\u201d) and Canadian Apartment Properties Real Estate Investment Trust (TSX:CAR.UN, \u201cCAPREIT\u201d) 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\u2019s ongoing financial operations. Prior to joining CAPREIT, Stephen worked at PricewaterhouseCoopers LLP in the &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/eres-reit-announces-appointment-of-stephen-co-as-chief-financial-officer\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;ERES REIT Announces Appointment of Stephen Co as Chief Financial Officer&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-388742","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>ERES REIT Announces Appointment of Stephen Co as Chief Financial Officer - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/eres-reit-announces-appointment-of-stephen-co-as-chief-financial-officer\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ERES REIT Announces Appointment of Stephen Co as Chief Financial Officer - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"TORONTO, Nov. 25, 2020 (GLOBE NEWSWIRE) &#8212; European Residential Real Estate Investment Trust (TSX:ERE.UN, \u201cERES\u201d or the \u201cREIT\u201d) and Canadian Apartment Properties Real Estate Investment Trust (TSX:CAR.UN, \u201cCAPREIT\u201d) 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\u2019s ongoing financial operations. 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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\u2019s ongoing financial operations. 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