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H&R REIT agrees to buy Lantower REDT stake in two Florida apartment developments for US$84.3 million

PUBT·10/05/2026 11:31:13
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H&R REIT agrees to buy Lantower REDT stake in two Florida apartment developments for US$84.3 million
  • 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: 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.