Investing.com — is in discussions with Canada’s about a potential acquisition, according to a report from Bloomberg News, citing people with knowledge of the matter.
The talks follow failed takeover negotiations last year that involved H&R, Blackstone, TPG Inc., and Crestpoint Real Estate Investments Ltd., the people said. They asked not to be identified because the discussions are private. There is no guarantee a deal will be reached.
Blackstone declined to comment on the potential acquisition. H&R did not reply to a request for comment.
H&R managed C$8.1 billion ($5.8 billion) of assets as of March 31. The company has spent several years shifting its portfolio away from office and retail holdings while increasing its exposure to apartment and industrial assets in the United States and Canada.
The company’s shares have delivered a total return of about 13% over the past 10 years.
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