H&R Real Estate Investment Trust To Be Acquired By GOREIT, Asset Purchasers
India, Aug. 11 -- H&R Real Estate Investment Trust (HR.UN) has entered into an arrangement agreement with GO Residential Real Estate Investment Trust or GOREIT, and 1001700058 Ontario or Purchaser, on behalf of a consortium of co-purchasers, pursuant to which GO REIT and the Purchaser have agreed to acquire all of the assets of H&R by way of a court-approved plan of arrangement in a cash and unit transaction valued at approximately C$6.7 billion, including the assumption of certain debt. H&R unitholders will receive C$4.28 per unit in cash plus 0.5688 GO REIT units per H&R unit, representing a value of C$12.01 per H&R unit. The consortium of co-purchasers includes funds affiliated with Blackstone Real Estate, Crestpoint Real Estate Investme...
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