GO Residential grows into Canada’s second-largest REIT

Two months after the latest report on the fate of H&R Real Estate Investment Trust, a deal is in place for the Canadian firm to be sold to a group including Josh Gotlib and Meyer Orbach’s GO Residential REIT. GO Residential announced the acquisition of H&R’s assets in a cash-and-units deal valuing the 27 properties at roughly $2.8 billion. The deal includes the assumption of roughly $1.1 billion in property-level debt. Other investors alongside GO Residential include affiliated funds with Blackstone Real Estate, Crestpoint Real Estate Investments, the Public Sector Pension Investment Board and an affiliate of H&R’s chief executive […]

This article originally appeared on The Real Deal. Click here to read the full story.