H&R REIT agrees to buy Lantower REDT stake in two Florida apartment developments for US$84.3 million
Bitget2026/10/05 11:31H&R Real Estate Investment Trust agreed to buy Lantower REDT’s 70.9% stake in two Florida residential development projects. Projects in Largo and Kissimmee expected to total 601 suites and 606,000 net rentable square feet. Deal implies a gross value of about USD 84.3 million for the stake, with estimated net consideration of about USD 77.9 million. Closing targeted for Q4 2026, subject to REDT unitholder approval and separate H&R and GO Residential unitholder votes tied to H&R’s change of control. REDT expects to distribute proceeds of about CAD 15.65 per Class A and F unit, USD 15.15 per Class E and U unit. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. H&R Real Estate Investment Trust published the original content used to generate this news brief via CNW (Ref. ID: 202610050730CANADANWCANADAPR_C6403) on October 05, 2026, and is solely responsible for the information contained therein.
- H&R Real Estate Investment Trust agreed to buy Lantower REDT’s 70.9% stake in two Florida residential development projects.
- Projects in Largo and Kissimmee expected to total 601 suites and 606,000 net rentable square feet.
- Deal implies a gross value of about USD 84.3 million for the stake, with estimated net consideration of about USD 77.9 million.
- Closing targeted for Q4 2026, subject to REDT unitholder approval and separate H&R and GO Residential unitholder votes tied to H&R’s change of control.
- REDT expects to distribute proceeds of about CAD 15.65 per Class A and F unit, USD 15.15 per Class E and U unit.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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