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H&R Real Estate Investment Trust T.HR.UN

Alternate Symbol(s):  HRUFF

Real Estate REIT - Diversified
H&R Real Estate Investment Trust is a Canada-based real estate investment trust. The Company owns, operates and develops residential and commercial properties across Canada and in the United States. The Company operates through the four segments: Residential, Industrial, Office and Retail. The Residential segment consists of approximately 24 residential properties in select markets in the United States and its portfolio comprises 8,166 residential rental units. The Industrial segment consists of 66 industrial properties in Canada and two properties in the United States comprising 8.7 million square feet. The Office segment consists of 17 properties in Canada and three properties in select markets in the United States, aggregating 5.5 million square feet. The Retail segment consists of 34 properties in Canada, which are single tenant properties as well as two single tenant retail properties and one multi-tenant retail property in the United States.


TSX:HR.UN - Post by User

H&R Real Estate Investment Trust
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Post by Betteryear2on Dec 13, 2023 8:17am
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Post# 35781675

Agreement to Sell $232.5 million Toronto Office Property

Agreement to Sell $232.5 million Toronto Office Property TORONTO, Dec. 13, 2023 /CNW/ - H&R Real Estate Investment Trust ("H&R" or "the REIT") (TSX: HR.UN) is pleased to announce that it has entered into an agreement to sell 25 Dockside Drive for $232.5 million to George Brown College and Halmont Properties Corporation (collectively, the "Purchaser"). 25 Dockside Drive is located directly on the waterfront in downtown Toronto, comprising 479,437 square feet and is substantially leased to Corus Entertainment. The expected closing for the sale is April 2024 and is subject to customary closing conditions. This sale is consistent with the REIT's strategic repositioning plan to surface significant value for unitholders, by transforming into a simplified, growth-oriented company focused on residential and industrial properties.

H&R REIT Announces Agreement to Sell $232.5 million Toronto Office Property and Announces Regular Monthly and Special Distribution (newswire.ca)
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