On February 9, 2024, IRES REIT announced that independent proxy advisory firm Glass Lewis recommended the shareholders of the Company to voting against all Vision Capital?s resolutions, that follows a similar recommendation Institutional Shareholder Services. In addition, Glass Lewis said the fact that no potential buyer for the Company has come forward in recent years, coupled with the board?s assessment that market conditions have shown early signs of improvement, mean there is no substantive reason to question the board?s judgment.