H&R REIT selling $1.5 billion in retail and office properties in U.S. and Canada
Advertisement
Read this article for free:
or
Already have an account? Log in here »
To continue reading, please subscribe:
Monthly Digital Subscription
$0 for the first 4 weeks*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*No charge for 4 weeks then price increases to the regular rate of $19.00 plus GST every four weeks. Offer available to new and qualified returning subscribers only. Cancel any time.
Monthly Digital Subscription
$4.75/week*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*Billed as $19 plus GST every four weeks. Cancel any time.
To continue reading, please subscribe:
Add Free Press access to your Brandon Sun subscription for only an additional
$1 for the first 4 weeks*
*Your next subscription payment will increase by $1.00 and you will be charged $16.99 plus GST for four weeks. After four weeks, your payment will increase to $23.99 plus GST every four weeks.
Read unlimited articles for free today:
or
Already have an account? Log in here »
TORONTO – H&R Real Estate Investment Trust says it has signed deals with multiple buyers to sell a total of $1.5 billion in retail and office properties in Canada and the United States.
The assets being sold include H&R’s 33.1 per cent stake in Echo Realty LP’s U.S. retail portfolio, 27 Canadian retail properties, the Hess Tower office property in Houston, a downtown Toronto office property and another in the Greater Toronto Area.
H&R executive chair and chief executive Tom Hofstedter says the sales accelerate the trust’s portfolio simplification strategy.
Hofstedter says that when the strategy was announced in June 2021 the residential and industrial segments amounted to 35 per cent of the trust’s total portfolio.
After the sales announced Tuesday, he says the residential and industrial segments will amount to 83 per cent of H&R’s total real estate assets.
H&R says it also remains in talks to sell two Canadian office properties in Toronto.
This report by The Canadian Press was first published Nov. 25, 2025.
Companies in this story: (TSX:HR.UN)