H&R REIT to dissolve in $6.7 billion deal with Blackstone, GO Residential
Unitholders will receive CA$4.28 in cash and 0.5688 GO REIT units per H&R unit, a package valued at CA$12.01 per unit based on GO REIT’s August 10 closing price. That represents a 14.5% premium to H&R’s previous closing price.
The transaction is expected to close in the fourth quarter of 2026, pending unitholder, court, and regulatory approvals.
Upon closing, H&R expects its units to be delisted from the Toronto Stock Exchange and the REIT to cease being a Canadian reporting issuer.
Years of repositioning, one final move
The transaction concludes more than a decade of strategic overhaul for the Toronto-based trust. H&R spent much of the last decade shedding underperforming office and retail assets, aiming to refocus its portfolio on residential and industrial properties.
By March, residential properties represented roughly 60% of its portfolio, while industrial accounted for another 25%.
