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Canadian REIT to disappear in breakup deal that includes Blackstone funds, US properties

H&R REIT's holdings to be divided after years of asset sales
H&R REIT's headquarters at 3625 Dufferin St. in Toronto. The trust is set to be broken up and acquired in a deal that includes Blackstone and GO Residential REIT. (CoStar)
H&R REIT's headquarters at 3625 Dufferin St. in Toronto. The trust is set to be broken up and acquired in a deal that includes Blackstone and GO Residential REIT. (CoStar)
CoStar News
August 11, 2026 | 7:41 P.M.

One of Canada's biggest and longest-running real estate investment trusts, H&R REIT, is set to disappear in a multibillion-dollar deal that includes funds from Blackstone, the world's largest owner of commercial real estate.

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