H&R REIT sets special meeting date for shareholder vote on GO Residential deal

H&R Real Estate Investment Trust has scheduled a special meeting for shareholders on November 13th to vote on the proposed acquisition of GO Residential Real Estate Investment Trust. The deal, valued at approximately $6.7 billion, involves the sale of all H&R's assets to GO Residential, along with a consortium of other investors.

These co-purchasers include Blackstone Inc., Crestpoint Real Estate Investments, the Public Sector Pension Investment Board, and a family-controlled company. H&R, Canada's largest REIT, will be adding its 27 properties and nearly 10,300 suites across seven Sunbelt markets to GO Residential's existing portfolio of 10 properties and over 3,000 suites in New York City.

The transaction is projected to finalize in the fourth quarter of the current year, contingent on shareholder, court, and regulatory approvals.