H&R Real Estate Investment Trust announced that it entered into an arrangement agreement with GO Residential Real Estate Investment Trust and 1001700058 Ontario Inc., acting for a consortium of purchasers, to acquire all of H&R Real Estate Investment Trust’s assets through a court-approved plan of arrangement under the Business Corporations Act (Alberta). The purchaser consortium includes funds affiliated with Blackstone Real Estate, Crestpoint Real Estate Investments Ltd., Public Sector Pension Investment Board, and CRAL, a company controlled by members of the family of Tom Hofstedter, executive chairman and chief executive officer of H&R Real Estate Investment Trust. Under the transaction, H&R Real Estate Investment Trust unitholders will receive $4.28 in cash and 0.5688 GO Residential Real Estate Investment Trust units per H&R Real Estate Investment Trust unit, representing total upfront consideration of $12.01 per unit based on GO Residential Real Estate Investment Trust’s TSX closing unit price and a Canadian/U.S. dollar exchange rate of 1.3942 on August 10, 2026. The transaction implies an equity value of approximately $3,400,000,000 and enterprise value of approximately $6,700,000,000, including the assumption of certain debt. The board of trustees of H&R Real Estate Investment Trust, with interested trustees abstaining, unanimously recommends that unitholders vote in favour of the transaction at a special meeting expected in October 2026. The transaction is expected to close in the fourth quarter of 2026, subject to court, unitholder, regulatory and other customary approvals.