On January 18, 2024, Vision Capital Corporation announced that it is providing additional information in reference to its open letters to Irish Residential Properties REIT plc shareholders on April 12th, 2023, and April 24th, 2023. Vision Capital stated that this communication is also in reference to its extraordinary general meeting requisition letter dated December 18th, 2023, and is issued in response to the Circular published by the Company on January 8th, 2024. In the letter, Vision Capital stated that the current board has underperformed and misled shareholders.

Vision Capital also stated that the current board can't be trusted to run a strategic review and added that Vision Capital's nominees are all independent, experienced with outstanding governance, financial and real estate expertise.