H&R REIT To Be Acquired In $6.7-Billion Deal With GO Residential

H&R Real Estate Investment Trust is being acquired in a $6.7-billion transaction that will merge its residential portfolio into GO Residential Real Estate Investment Trust, the companies announced Tuesday.

H&R unitholders will receive $4.28 per unit in cash plus 0.5688 GO REIT units per H&R unit, valued at $12.01 per unit — a 14.5% premium over H&R's unaffected closing price on June 10, the last trading day before reports surfaced of talks with Blackstone.

The buyer group includes GO REIT, Blackstone Real Estate, Crestpoint Real Estate Investments, PSP Investments, and CRAL (controlled by the family of H&R Executive Chairman and CEO Tom Hofstedter).

GO REIT is taking on H&R's 23 Lantower residential properties and several other assets; Blackstone, Crestpoint, and PSP are acquiring Canadian industrial properties for cash; CRAL is taking H&R's remaining non-core assets.

Combined, GO REIT will hold 35 residential properties and more than 13,300 suites across eight markets in four states. H&R unitholders will own approximately 66.9% of the merged entity, with two H&R-nominated trustees joining GO REIT's board.

"This Transaction delivers immediate cash and GO REIT unit consideration at a meaningful premium and establishes H&R unitholders as significant partners in a larger, stronger, pure-play residential platform with considerable upside potential," Stephen Gross, H&R's Independent Lead Trustee, said in a release.

H&R's board has unanimously recommended unitholders vote in favour at a special meeting expected in October.

Closing is targeted for Q4 2026, pending unitholder, court, and regulatory approvals.

REITs & Institutions

H&R REIT To Be Acquired In $6.7-Billion Deal With GO Residential

​The buyer group includes GO REIT, Blackstone Real Estate, Crestpoint Real Estate Investments, PSP Investments, and CRAL.

Trending

You may also like

​The sale of Turnagain Island is the highest-value residential property transaction ever recorded on the Sunshine Coast, according Sotheby's International Realty Canada.

ONE Development listed the property for sale in 2024 after drawing up preliminary plans for a 49-storey tower.

​​After a record number of nominations, 100 finalists were selected to send to judges.

​In a market where rental projects routinely spend years in rezoning, moving from purchase to shovels in under five months is the point.

​Slate Office REIT owned 95 and 105 Moatfield Drive in North York, then sold the complex in 2022 to Visionary Holdings Inc., which ended up in receivership in 2024.

​GTA prices took another leg down in July, led by freehold homes, but a sharp contraction in listings suggests sellers are increasingly unwilling to transact at today’s clearing price.

​Construction is slated to begin on more than 4,500 of those homes before the end of 2026.

The announcement doesn't specify which teams or roles are impacted.

​At 1682 Victoria Park Avenue in North York, Solotex Group was planning a 147-unit townhouse project called Vic Towns. 65 units remain unsold.

​Despite temporary HST rebates and lower development charges, according to RESCON, taxes and government-imposed charges account for roughly 36% of the purchase price of a new home in Ontario.

For your information, reference, and networking needs, here are the moves, hires, and promotions the real estate and development industry saw in July 2026.

​The Show Vancouver, led by Cape Group's Zack Ross, will now move into a formal partnership with the City to explore bringing Major League Baseball to Vancouver.

Set on a leafy residential street in High Park, this detached century home serves as both a charming primary residence and an income-generating rental property.

​Housing starts are expected to decline in BC between 2026 and 2028, but are expected to increase in Ontario.

Combined, the towers would bring roughly 1,900 new homes, 920 hotel suites, and significant public amenity space to downtown Vancouver.

​We're trading our old digs for the Site. Toronto Campus: a beautifully repurposed industrial laneway building in Little Italy that's been sitting on our wish list since we first laid eyes.

All rights reserved SiteMedia © 2026.

The buyer group includes GO REIT, Blackstone Real Estate, Crestpoint Real Estate Investments, PSP Investments, and CRAL.

The sale of Turnagain Island is the highest-value residential property transaction ever recorded on the Sunshine Coast, according Sotheby's International Realty Canada.

After a record number of nominations, 100 finalists were selected to send to judges.

In a market where rental projects routinely spend years in rezoning, moving from purchase to shovels in under five months is the point.

Slate Office REIT owned 95 and 105 Moatfield Drive in North York, then sold the complex in 2022 to Visionary Holdings Inc., which ended up in receivership in 2024.

GTA prices took another leg down in July, led by freehold homes, but a sharp contraction in listings suggests sellers are increasingly unwilling to transact at today’s clearing price.

Construction is slated to begin on more than 4,500 of those homes before the end of 2026.

At 1682 Victoria Park Avenue in North York, Solotex Group was planning a 147-unit townhouse project called Vic Towns. 65 units remain unsold.

Despite temporary HST rebates and lower development charges, according to RESCON, taxes and government-imposed charges account for roughly 36% of the purchase price of a new home in Ontario.

The Show Vancouver, led by Cape Group's Zack Ross, will now move into a formal partnership with the City to explore bringing Major League Baseball to Vancouver.

Housing starts are expected to decline in BC between 2026 and 2028, but are expected to increase in Ontario.

We're trading our old digs for the Site. Toronto Campus: a beautifully repurposed industrial laneway building in Little Italy that's been sitting on our wish list since we first laid eyes.