H&R unitholders reject a sale to GO REIT and a group that includes a Blackstone affiliate

The REIT terminated the agreement immediately, with no termination fee payable to the consortium. One of the buyers is a company controlled by the CEO's family.

By Marcus Rodriguez · Nov 13, 2026, 12:45 PM EST

Why it matters: Buyers included a fund affiliated with Blackstone Real Estate and a company controlled by CEO Tom Hofstedter's family.

For information only, not investment advice. Prices delayed.

Tickers: HR.UN

H&R ($HR.UN) terminated the agreement immediately, with no termination fee payable to the consortium, after the special resolution was not approved.¹ Buyers included GO REIT, a fund affiliated with Blackstone Real Estate, and a company controlled by CEO Tom Hofstedter's family.²

Sources

H&R REIT announces next steps to drive unitholder value following termination of arrangement agreement with consortium of purchasers, H&R Real Estate Investment Trust
H&R REIT announces record date and meeting date for special meeting in connection with proposed transaction, H&R Real Estate Investment Trust

Tags: mergers-acquisitions · real-estate

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