/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/
TORONTO, Oct. 5, 2026 /CNW/ -- Lantower Residential Real Estate Development Trust (No. 1) (the "REDT") and H&R Real Estate Investment Trust ("H&R") (TSX: HR.UN) announced today that the REDT has entered into an acquisition agreement (the "Acquisition Agreement") with H&R REIT (U.S.) Holdings Inc. and Lantower Residential LP (the "Purchaser"), each a wholly-owned subsidiary of H&R, pursuant to which the Purchaser will indirectly acquire the REDT's approximately 70.9% interest in two residential development projects (the "REDT Projects") in Florida expected to contain an aggregate of 601 suites and an aggregate of 606,000 net rentable square feet, in Largo, Florida (Tampa) and Kissimmee, Florida (Orlando) (the "REDT JV Interest") in a transaction (the "Transaction") that will provide liquidity in the form of all-cash consideration to unitholders of the REDT ("REDT Unitholders").
Read more at newswire.ca