Canada’s H&R REIT is set to be acquired by a group of buyers led by GO Residential REIT, which will acquire 27 properties and expand its portfolio fourfold in the deal. The consortium of co-purchasers includes Blackstone Real Estate, Crestpoint Real Estate Investments, PSP Investments and a company controlled by the family of H&R CEO Tom Hofstedter. Blackstone was reportedly in talks in June to buy H&R REIT and its portfolio of more than 20M SF of North American real estate. H&R owned about $5.8B of assets at the end of March, with residential assets making up 60% and industrial accounting for another 25%. GO Residential REIT was launched last year to invest in luxury high-rise multifamily properties, primarily in the New York metropolitan area.