---
title: "H&R REIT Agrees to $6.7 Billion All-Asset Sale to GO Residential and Blackstone Consortium"
url: https://projectchintan.com/article/hr-reit-sold-go-residential-blackstone-consortium-jdgm0
publisher: Project Chintan
author: Project Chintan Newsroom
section: Global
published: 2026-08-11T13:46:05.080Z
modified: 2026-08-11T19:17:37.656Z
language: en-IN
---

# H&R REIT Agrees to $6.7 Billion All-Asset Sale to GO Residential and Blackstone Consortium

H&R Real Estate Investment Trust has entered a definitive agreement to sell its entire portfolio for $6.7 billion to a group led by GO Residential REIT and Blackstone. The deal transforms GO Residential into Canada's second-largest publicly traded residential REIT and completes H&R's multi-year port

## Key takeaways

- H&R REIT is selling all assets for $6.7 billion to a consortium led by GO Residential and Blackstone.
- The deal will make GO Residential the second-largest residential REIT in Canada by enterprise value.
- H&R unitholders will own 66.9% of the expanded GO Residential REIT following the close.
- The acquisition adds 27 properties across New York and seven major Sunbelt markets to GO's portfolio.

## What Happened

H&R Real Estate Investment Trust (H&R) has reached an agreement to sell its entire asset base to GO Residential Real Estate Investment Trust (GO) and a consortium of institutional investors for approximately $6.7 billion. The purchasing group includes Blackstone Real Estate, Crestpoint Real Estate Investments, the Public Sector Pension Investment Board, and an entity controlled by the family of H&R CEO Tom Hofstedter.

As part of the transaction, GO will acquire a specific portfolio of 27 properties valued at US$2.8 billion. The consideration for this portion includes 134,208,643 newly issued GO trust units, US$30 million in cash, and the assumption of approximately C$550 million in H&R debentures and US$1.1 billion in property-level debt. The deal is expected to conclude in the fourth quarter of 2026, pending court, regulatory, and unitholder approvals.

## Why It Matters

The transaction creates the second-largest publicly traded residential REIT in Canada by enterprise value. For GO, the acquisition expands its footprint from 10 New York City-based assets to a diversified portfolio of 37 properties, incorporating approximately 10,300 suites across the U.S. Sunbelt and New York. The expanded scale is projected to generate $15 million in annualized synergies and significantly increase trading liquidity by quadrupling the unit float.

For H&R, the sale marks the conclusion of a multi-year strategy to exit non-core holdings. H&R unitholders will retain a 66.9% pro forma ownership stake in the newly scaled GO REIT.

## Key Facts

- The total transaction value for all H&R assets is approximately $6.7 billion.
- GO Residential REIT's specific acquisition involves 27 properties valued at US$2.8 billion.
- The deal involves the assumption of US$1.1 billion in property debt and C$550 million in debentures.
- Sunbelt markets included in the portfolio are Tampa, Dallas, Orlando, Miami, Raleigh, Austin, and Charlotte.
- The pro forma debt to EBITDA ratio is expected to decrease by more than 2x upon closing.
- Blackstone Real Estate and the Public Sector Pension Investment Board are part of the buying consortium.

## What Happens Next

Following the closing in late 2026, GO intends to maintain an investment-grade credit rating while integrating the high-quality Sunbelt and New York City assets. The combined entity will focus on luxury residential properties with some of the highest average monthly rental rates in the North American public REIT sector.

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Canonical: https://projectchintan.com/article/hr-reit-sold-go-residential-blackstone-consortium-jdgm0
Reported from: Multiple Sources