H&R REIT to sell assets to GO Residential, others in $6.7 billion deal

TORONTO - H&R Real Estate Investment Trust says it has agreed to sell all of its assets to GO Residential Real Estate Investment Trust for around $6.7 billion and a consortium of other companies, including U.S. private equity firm Blackstone Inc.

H&R, one of Canada’s largest real estate investment trusts, says the deal includes a portfolio of 27 properties and nearly 10,300 suites across seven Sunbelt markets and New York, which will add to GO REIT’s 10 properties comprising 3,000-plus suites in the New York City area.