LITTLE ROCK, Ark. and TORONTO, Jan. 2, 2026 – BSR Real Estate Investment Trust (“BSR” or the “REIT”) (TSX: HOM.U) and (TSX: HOM.UN) announced that W. Daniel Hughes, Jr. has stepped down from the REIT’s board of trustees (the “Board”) and, concurrently, Mark Decker, Jr. has been named to the Board, effective January 1, 2026.

W. Daniel Hughes, Jr.’s Retirement from the Board of Trustees

Following nearly 29 years with BSR and its predecessor companies, W. Daniel Hughes, Jr. has retired from the REIT’s Board as of January 1, 2026. Mr. Hughes established Summit Housing Partners, LLC, which preceded BSR Trust, LLC, and acted as the inaugural Chief Executive Officer of BSR Trust, LLC through 2013. Since the REIT’s initial public offering in May 2018, Mr. Hughes has offered essential guidance and real estate knowledge to the Board and management during his time as a trustee. Mr. Hughes remains CEO and Chairman of Envolve Communities, a fully integrated owner and operator of roughly 40,000 apartment units across the United States.

S. Jane Marshall, Board Chair, remarked, “On behalf of the Board of Trustees, I extend our gratitude to Daniel for his steady leadership and substantial contributions to the REIT during his time with us, both in management and as a trustee. Daniel truly represents BSR’s culture: diligent, devoted, and committed to the REIT’s mission. We will miss his regular presence, most recently in board meetings, but we will continue to rely on his support as a major unitholder of the REIT.”

Appointment of Mark Decker, Jr. to the Board of Trustees

BSR is delighted to announce that Mark Decker, Jr. has been named as Mr. Hughes’ replacement to serve as a trustee on the Board until the REIT’s next annual general meeting of unitholders.

Mr. Decker currently holds the positions of President, Chief Executive Officer, and Director at Global Medical REIT Inc. (NYSE: GMRE), a U.S. healthcare real estate investment company. Mr. Decker also possesses broad experience in the U.S. multifamily real estate industry, having previously acted as President, CEO, Trustee & Chief Investment Officer at Centerspace (NYSE: CSR) for nearly seven years, after serving as Managing Director and U.S. Group Head of Real Estate Investment and Corporate Banking at BMO Capital Markets. Mr. Decker will serve on the Board as an independent trustee and has become a member of the Board’s investment committee.

“We are pleased to welcome Mark to the Board,” Ms. Marshall said. “Mark’s sector knowledge, capital markets expertise, and leadership abilities mesh very well with our Board’s varied capabilities. We anticipate his input and welcome him to the BSR family.”

About BSR Real Estate Investment Trust

BSR Real Estate Investment Trust is an internally managed, unincorporated, open-ended real estate investment trust created under a declaration of trust according to the laws of the Province of Ontario. The REIT holds a collection of multifamily garden-style residential assets in desirable primary markets throughout the Sunbelt region of the United States.

SOURCE BSR Real Estate Investment Trust