H&R REIT to Sell $2.8B US Holdings in $4.8B Deal
H&R REIT will divest all holdings in a $4.8 billion transaction, including selling its U.S. assets for $2.8 billion. GO Residential will fund the deal with 134,208,643 new trust units plus $30 million cash, while H&R will receive $12.01 per unit. The REIT will assume $394.8 million of H&R debt and $1.1 billion in property loans.