Key facts
- Blackstone is in negotiations to acquire H&R REIT.
- H&R REIT owns over 20 million square feet of North American real estate.
- Talks for the acquisition began last year.
- TPG previously withdrew from negotiations.
- Crestpoint Real Estate Investments previously withdrew from negotiations.
Blackstone is currently in negotiations for the potential acquisition of H&R REIT. H&R REIT's real estate portfolio encompasses over 20 million square feet of property located across North America. The discussions regarding this potential deal commenced last year. Prior to Blackstone's involvement, other investment firms, TPG and Crestpoint Real Estate Investments, had also engaged in negotiations with H&R REIT. However, both TPG and Crestpoint Real Estate Investments ultimately withdrew from their respective talks, indicating that a deal was not reached with them. The current negotiations between Blackstone and H&R REIT are ongoing.