The Firm is representing Blackstone Real Estate in connection with the acquisition of all of the assets of H&R Real Estate Investment Trust by a consortium of co-purchasers, including funds affiliated with Blackstone Real Estate, Crestpoint Real Estate Investments Ltd., the Public Sector Pension Investment Board and a company controlled by the family of Tom Hofstedter, H&R’s Executive Chairman and CEO, in a cash and equity transaction valued at approximately C$6.7 billion. The transaction is expected to close in the fourth quarter of 2026, subject to customary closing conditions.
H&R is one of Canada’s largest real estate investment trusts. H&R has ownership interests in a Canadian and U.S. portfolio primarily comprised of high-quality residential (operating as Lantower Residential), industrial and office properties totaling approximately 21.2 million square feet.
The Simpson Thacher team includes Brian Stadler, Matt Rogers, Elias Rosenblatt, Wang Chen and Cherie Chen (M&A); Danielle Jackson (Real Estate); Whitney Salinas and Ari Goldman (Financing); Nancy Mehlman and Edward Grais (Tax); Benjamin Blinken and Lawton Salley (Private Funds); and Étienne Renaudeau (Antitrust).