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GO REIT announces major expansion into U.S markets
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REMINET
GO Residential REIT has announced a landmark deal that will reshape its scale, strategy, and competitive position within North America’s residential real estate sector.
The trust is set to acquire 27 properties from H&R REIT in a US$2.8‑billion transaction.
Once completed in Q4 2026, the deal will make GO the second‑largest publicly traded residential REIT in Canada by enterprise value, nearly quadrupling its managed portfolio.
The combined portfolio will encompass approximately 13,300 suites across 35 properties in eight U.S. markets, blending trophy NYC high‑rises with Class A Sunbelt mid‑rise communities.
Financially, the transaction is structured to strengthen GO’s balance sheet, reducing pro forma debt‑to‑EBITDA by more than 2x at closing and supporting the REIT’s investment‑grade credit rating.